NEXUS FINANCIALS Fixed Assets module provides comprehensive recording, tracking and analysing capabilities for fixed assets. The Fixed Assets module is fully integrated into the General Ledger. Special features of the Fixed Assets module include:
- Asset depreciation can be carried out any number of times throughout the year, not just on a monthly or yearly basis.
- Allows multiple valuations to be stored (e.g. tax, book, directors), each with its' own depreciation method.
- The system allows for asset purchases and the addition of assets.
- Details of an asset purchase or disposal can automatically be recorded in the General Ledger.
- Full drill back facility available; all the General Ledger transactions originating in the Fixed Assets module can be enquired upon.
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- Reports showing an analysis of assets by type, code, or location and complete depreciation schedules are printed by the system.
- Reports can be produced to consolidate assets between departments, branches, and companies.
- Ability to hold quantity against assets, allowing additions and partial sales of assets.
- Ability to revalue some or all of the assets' valuation types.
- Automatic generation of journals that can be altered prior to General Ledger posting.
- Full asset history maintained, including addition history. Asset transactions can be retained indefinitely.
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