FIXED ASSETS
INTEGRATED ACCOUNTING SYSTEM
Accounts Payable / Accounts Receivable / Financial Management
Fixed Assets / Purchase Orders / Cash Accounting / Sales Orders
The Fixed Assets module is designed to be an easy-to-use method to account for
fixed assets and to automatically calculate depreciation/accelerated cost recovery amounts
for both book and tax purposes. It features complete flexibility in defining accounting
periods and depreciation schedules. IAS-FA also maintains a schedule of ledger
depreciation and includes pre- and post-1987 ACRS depreciation calculations. In addition,
it prints amortization schedules, budgeting reports, and tax liability reports,
automatically transfers ledger depreciation to the IAS-FM module, and can automatically
transfer assets between different companies. The Fixed Assets System gives users the
ability to:
 |
Maintain a schedule of ledger depreciation |
|
Maintain multiple schedules of tax depreciation |
|
Calculate straight line depreciation, declining and double-decking balance, sum of the year's digits depreciation |
|
Calculate units of production depreciation |
|
Calculate Pre- and Post-1987 ACRS depreciation |
|
Calculate MACRS and AMT depreciation |
|
Print Amortization schedules for depreciation |
|
Automatically transfer ledger depreciation to the Financial Management module |
|
Automatically transfer assets between different companies |
|
Produce reports to assist in reporting and payment of local property tax liabilities |
|
Produce reports for budget purposes |
|
Produce reports to facilitate inventory taking |
|
Define an unlimited number of depreciation expense accounts |
Contact Database Technology, Inc.
PO Box 337, Kingston, OK 73439
Phone: (580) 564-3947 email: sales@dbti.com
About Us | Site Map | Related Links