The ObjAcct Fixed Assets module performs the functions needed to maintain and track your organization's assets. You can setup an unlimited number of assets and track purchase, sales and depreciation information. Assets can be categorized by assigning user-defined asset types with default life years by type.
The system supports straight-line, declining balance, and double declining balance depreciation methods and automatically calculates depreciation amounts for assets assigned to these methods. You may also elect to manually enter depreciation amounts or make manual adjustments to asset depreciation.
Online asset and asset transaction inquiry screens provide immediate access to all current and historical asset information. Asset queries and reports with drilldown capability provide in-depth asset transaction details necessary for asset tracking and management.
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