Assets Register

Objective - To maintain a detailed record of the company's fixed assets by recording depreciation and current asset values, in addition to providing a facility to evaluate remaining usefulness by tracking expenditures incurred or income derived from assets.

• The Value of SYSPRO Fixed Assets Register
  • Maintains a register of all assets and their locations
  • Tracks expenses incurred for any asset
  • Calculates book and tax-based depreciation
  • Tracks maintenance history for each asset
  • Obtains estimates of the remaining useful “life” of and assests
  • Gives reports on disposals, revaluations and/or acquisitions
  • Provides detailed reporting and screen queries
  • Allows a provision for initial and investment allowances
  • Preview of reports to screen and e-mail capabilities
• Matching SYSPRO to Your Business
  • Allows for fixed or variable depreciation rates
  • Automatically posts monthly provisions to the General Ledger
  • Calculates book depreciation and tax allowances using either the straight line or reducing balance method
  • Assigns assets to individual branches of the business, and/or user-defined groups & types
  • Attaches sub-assets to other assests.
  • Groups assets for reporting purposes
  • Defines variable rates for depreciation up to 14 years
  • Records revenue and expense transactions for any asset quickly and easily
  • Revalues assets
  • Records and tracks maintenance or repair time against each asset
  • Calculates profit or loss on the sale of any asset
  • Calculates depreciation and tax allowances to-date when initially adding assets
• Audit Trails and Reporting
  • Complete audit trails include transaction journals, lists of additions and disposals, and General Ledger Distribution reports
  • Has book and tax value schedules
  • Creates asset movement reports
  • Provides labor analysis reports (for maintenance work)
  • Reports on revenue and costs
• Integration
  • Integrates with the General Ledger module for asset purchases and disposals as well as with monthly depreciation figures
  • E-mail reports with the Office Automation module