Fixed Assets

The Fixed Assets Module has been designed to integrate with the Infor ERP VISUAL suite of software.

It is easy to use yet flexible enough to meet most companies requirements. The application ensures accurate and consistent management of a company’s assets from initial purchase through to final disposal. Every aspect of the asset's life can be tracked and can provide up to the minute information on all your fixed assets wherever they may be located.

An unlimited number of fixed asset records can be created. Various types of assets have different features and attributes which may be classified by Class, Label or into Groups. When a new asset is added into the fixed asset database a journal can be automatically created by the system for posting to the general ledger and a popup box will notify the user that this has occurred.

Depreciation policy covering default depreciation rates, depreciation codes and account codes within the General Ledger can be set for each asset individually or by groups. At the click of a button, depreciation can be calculated either monthly, 4 weekly or yearly and journals prepared. These depreciation journals are then ready for posting to the general ledger in Infor ERP VISUAL Financials with safeguards to ensure that depreciation cannot be run twice for the same period.

The Fixed Asset module maintains all aspects of an asset such as its location, serial numbers, warranty information, who the custodian is as well as any other useful information in the user defined fields.

Standard reports can be generated with the ability to sort and filter on certain fields. New reports, tailored to your requirements, can be created using Crystal Reports.