GSInnovate Extended MRP Application Suite :: Fixed Assets
New levels of responsiveness and control in managing your firm's assets
GSInnovate's Fixed Assets allows you to maintain and track your corporate fixed assets with increased responsiveness and control to guarantee the best accounting for your asset base.
System Capabilities
Fixed Assets handles asset registration, classification, tagging, retirement and disposal for individual as well as composite assets. Management functions provide financial and lease asset accounting capabilities in addition to repair/service scheduling. The system handles multiple depreciation methods and is fully integrated with the general ledger.
Asset Registration
The application records all information associated with assets including asset identification codes, descriptions, values, locations, and information on dates, insurance, depreciation methods and asset life periods.
Asset Classification
The Asset Classifications feature provides a choice of user-defined codes for categorizing assets for recording and reporting purposes.
Multiple Depreciation Methods
Multiple depreciation methods provide additional flexibility. Depreciation costs can be calculated as often as necessary.
Composite Assets
You can link assets together. The ability to handle composite assets provides control through flexible asset structures reflecting parent/child relationships (whereby a desktop might be defined as a monitor, CPU and printer).
Other Features
Other features provide asset control through flexible asset structures, retroactive processing, long-term projections, user-definable calendars and the ability to track insurance and replacement costs.
Depreciation Methods
- Straight line
- Declining balance
- Remaining life
Additional Capabilities
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Asset Tags
Provide the ability to print tags that can be physically attached to the asset
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Asset Retirement
The Fixed Assets application helps schedule and report the retirement of an organization's assets
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General Ledger Postings through Financial Migration Management
Allows depreciation journals to be posted to the General Ledger as determined by the user
