The CompassCPA Fixed Assets Module is comprised of a masterfile and a subledger
that can have multiple control accounts. Control account codes designate each class of
asset that are required to be listed separately on the balance sheet.
The net book value of
an asset is made up from the combination of the following accounts: opening cost, opening
accumulated depreciation, opening revaluations, opening account revaluation depreciation,
additions, revaluation in current year, transfers of cost, transfers of depreciation,
transfers of revaluation, transfers of revaluation depreciation, profit on
sale/depreciation recovered, loss on sale/additional depreciation, capital profit or loss,
current year depreciation, current year revaluation depreciation and realization/sale
price.
-- Enables the
specification of the rates and methods of depreciation which are required for each
individual asset. A report is provided which will calculate and post depreciation for the
period, for each asset.
-- Calculates any profit/loss or capital gains on disposal of assets, and it automatically
calculates and posts the depreciation.
-- Supports the ability to process depreciation for multiple depreciation registers.
-- Reports can be printed for all registers, a group of registers, or specific selected
registers.
-- Multiple methods of depreciation are available. Optionally, you may select straight
line depreciation when depreciation calculated at straight line is greater than the
currently specified depreciation method.
Allows assets revaluation for accounting
purposes
Alternate depreciation methods per asset
Asset grouping
Assets subledger is fully integrated with the general ledger
Comprehensive year-end reporting
Costs and depreciation of assets can be transferred from one
asset to another
![](finance1.gif)
Master-sub-master asset relationships
Multi-company
Multi-currency
Reports listing depreciation projection and asset
depreciation schedules
Self-adjusting; any changes in depreciation rates are
adjusted accordingly
Special depreciation capabilities
![](interface.gif)
Accounts Payable
General Ledger
But that's just the beginning--the CompassCPA Suite allows you to integrate your
financial management information with distribution, manufacturing and human resource
functions, to give you a world view of your business and street-level access to the
details.
Questions? Want more details? Contact:
sales@potomacsys.com
804.423.5300
![20x20.GIF (64 bytes)](20x20.GIF)
|