The OPEN-PRO Fixed Assets module records company assets and
automatically calculates depreciation expense. The system supports several
methods of depreciation and automatically posts accumulated depreciation and
depreciation expense to the General Ledger module for a specified accounting
period.
Flexible Asset Numbering System: An unlimited number of assets can be
maintained each with an alphanumeric code of one to 65 characters. The assets
can be grouped by many types of categories for reporting purposes.
Depreciation Methods: A variety of depreciation methods are supported
including straight line, double declining balance, ACRS, and sum-of-the-years
digits.
User Defined Asset Control: Accumulated depreciation, depreciation
expense and asset master accounts are user specified for each asset.
Reports: A variety of reports are produced including a listing of all
assets by type, category and description, method of depreciation and all other
information maintained in the master file. The module also prints reports
listing assets with original cost and current book value and calculated
depreciation for a specified period.
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