The Sage MIP Fund Accounting Fixed Asset module enables accurate management and tracking of an organization’s capital assets, such as property and equipment. Optional designations for assets help track an asset’s location, valuation or other pertinent information. Asset records contain fields for preserving asset values including warranty information, serial numbers, scheduled maintenance dates and special notations for extraordinary items.
The Fixed Assets module includes five standard methods of depreciating assets, as well as the ability to create customized depreciation methods for assets. Assign assets to Asset Groups for calculating depreciation individually or by category. Secure optimal depreciation by allowing MIP Fund Accounting to automatically determine the best depreciation value from straight-line or accelerated methods. Pre-posting reports for asset depreciation help users review potential entries and maximize the results.
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