Features of Fixed Assets Management Module: * Definition of Physical Location of Asset. * Hierarchy of locations can be maintained. * Grouping of Asset based on Asset Class. * Default Inventory Cycle and Numbering Type for an Asset Class. * Defining Asset Depreciable YES/ NO. * Asset Class activated based on Account Rule definition. * User defined depreciation rules for calculating depreciation based on different combination of rates, methods, basis and conventions. * Grouping assets under depreciation category based on common depreciation parameters. * Capturing legacy details of Asset No., Tag details, Properties and Depreciation particulars through initial asset entry. * Validation of Initial balancesSum of asset and cumulative depreciation is same as in GL. * Capitalization of Asset with Integration with Payables Management. * Non-Capital document capitalization. * Capitalization of exchange rate fluctuations. * Multiple Tags for Asset. * Cost, Business Use %, In Service Date and Depreciation category at tag level. * Additional details like Warranty, Serial No., Ref Doc., Custodian etc. at tag level. * Exceptional capitalization through Capital Journal Vouchers. * Amendment of Asset to enhance its value as existing or new Tags. * Reversal of Asset Capitalization. * Depreciation Processing at tag level. * Process, Delete/ Confirm depreciation. * Set Suspension period in case of shut down etc., so that depreciation need not be charged. * Posting entries to specific Cost ...
Keywords: Asset, Tracking, ramco, erp, ondemand, saas, how, to
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