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With our enhanced Fixed Assets Register, you need not manually update the Assets Register table. By allowing you to pre-tag which GL code is a fixed asset code, accountants or administrators will be able to view pending assets to be registered when your staff enter documents such as payment vouchers, purchase invoices or journals. Upcoming versions will also allow each company to set a Fixed Asset capitalization policy.


Monthly depreciation calculation is a breeze. With just a few mouse clicks, the system will be able to calculate all your assets’ depreciation based on the depreciation methods (straight line or diminishing method) pre-set for each asset category.


Gain/loss on sale or disposal calculation can be achieved, simply by stating the selling price if it is a sale and the system will calculate the gain/loss on disposal figure and automatically post to the respective GL code specified in the system settings.


You will be able to print reports such as the Assets Register which shows you the initial purchase value, total accumulated depreciation till date and the Net Book Value.


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