Fixed Assets

Fixed Assets is a fully integrated solution to manage the purchase and depreciation of fixed assets. Fixed Assets integrates directly with Navigator's GL, Purchase Requistions, Purchase Orders and Accounts Payable functions.

Some of the features provided by Fixed Asset include:

• Select the level of integration with the GL
• Select the depreciation schedule by asset
• Use the half-year convention option for depreciation calculation
• Automatically create depreciation entries and post to GL
• Account for grant requirement to expense an asset in the purchase year to meet GAAP rules
• Create Fixed Asset reclassification journals totransfer, split-up and combine fixed assets
• Automatically create entries to sell or salvage an asset and record the asset gains and losses
• Create a main asset from unlimited component assets
• Record key fixed asset information
• Record maintenance data by purchase vendor, maintenance vendor, warranty date and next service date
• Record insurance information by fixed asset or group of assets
• Add comments to a fixed asset
• Scan-in supporting documentation using Matriks Document