Asset Disposals

SunSystems Fixed Asset Accounting can automatically post the relevant profit and loss and balance sheet transactions, so you only need to enter the sale proceeds prior to disposal of an asset. Asset disposal generates the relevant postings, reports the postings, and optionally removes the asset details after disposal at two levels:

• Remove the asset code from the transaction
• Remove the asset code from the transaction and delete the asset record, diary, and analysis information

Asset Budgets

Budgets can be set up to maintain different valuations for each asset, and different depreciation methods can be applied for budgeting, forecasting, and reporting purposes, including:

• Analyse the effect of changing the depreciation method or life of an asset, or maintain a current cost valuation
• Set up budget assets in a budget ledger; budget assets contain the same information as the actual assets, but are held in a separate budget ledger; a budget asset still contains all of the available static data
• Assign up to 10 budget ledgers per business unit

Asset details recording

SunSystems Fixed Assets Accounting enables you to store a comprehensive set of attributes to effectively monitor and manage assets, including:

• Asset codes combined with multiple analysis dimensions to facilitate analysis by category or location
• Various transaction types, including additions, disposals, part disposals, enhancements, and depreciations
• Multiple note records for each asset
• Support for asset values such as gross, net, final, and accumulated depreciation