Fixed Asset Accounting

Leverage the value of your fixed asset inventory and minimize the cost of tracking physical assets. Use a flexible system that extends beyond adding, transferring, depreciating, and retiring. PeopleSoft Asset Management offers a fresh approach by delivering maximum financial control and system flexibility.

Features & Benefits

• Comprehensive financial and tax solutions: Ensure compliance with changing tax and accounting requirements.
• Flexible depreciation: Set up and maintain an unlimited number of depreciation methods for each asset. Use the most advantageous depreciation method for your organization.
• Sophisticated multi-currency processing: Value assets by using an unlimited number of currencies. Post realized and unrealized currency gains or losses to the general ledger.
• Unsurpassed asset control: Store extensive physical asset information to maintain tight control over your assets throughout their life cycle.
• Powerful asset, adjustment, and transfer functionality: Simplify asset entry and adjustment tasks with automated functionality and intuitive data entry pages.
• Capital acquisition planning: Plan, budget, and track capital acquisitions. Establish capital appropriation plans, including a master plan, and manage them to asset acquisitions.
• Insurance, licensing, and regulation management: Retain, analyze, and manage comprehensive coverage and location information of your assets as well as costs and insurance claims.
• Extensive asset inventory tools: Reconcile inventory data collected from inventory collection instruments, including hand-held devices and discovery tools.