Fixed Assets Management

Whether you own just one company or several companies involved in one or several business areas, you know that your company's fixed assets have considerable value and that your financial management modules should include a module that provides sound fixed-asset management.

APP-E.COM is an ingenious solution because it gives you access to an efficient software program that enables you to closely monitor and control your fixed assets.

How does APP-E.COM do this?
By combining its range of services with the valuable resources of MAESTRO400 software functions, which have been used successfully for ten years in North America by firms of all sizes in all business sectors.

Built to meet all of your requirements, the APP-E.COM Fixed Assets Management Module gives you state-of-the-art design, effective control and remarkably adaptable functions.

The following are various functions provided by APP-E.COM Fixed-Assets Management.
1. Manages all assets for each corporation.
2. Manages transactions specific to fixed assets.
3. Records expenses that can or cannot be capitalized.
4. Monitors Undepreciated Capital Cost (UCC).

1. Your company or companies are an aggregate of assets that are subject to book depreciation and capital cost allowance. With this function, you can monitor an accurate breakdown of your assets and their balance sheet value.

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2. Monthly depreciation calculations
This function calculates the book depreciation of each asset and makes entries in the general ledger. It will allow you to use all recognized depreciation methods.

Disposal of assets
Profit or loss must be determined when an asset is sold by or transferred from one corporation to another. With this function, you simply indicate the type of asset concerned, disposal method and proceeds and the software program will make all of the calculations and entries automatically.

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3. With this function, recording a repair invoice or an add-to will automatically change the value of that asset. The value will be taken into consideration automatically when the next calculation of the asset's depreciation is made.

Recording expenses that cannot be capitalized will make it possible to compare maintenance costs with their depreciated value. The software program can query and produce management reports that make it easier to decide whether to maintain or replace the asset.

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4. This function will allow you to maintain the UCC value of each asset, which will facilitate the work of your auditors when they make adjusting entries. As soon as the entries are made, you can obtain the T2S8 report directly.

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