Accurately tracking, controlling and depreciating assets is required in all businesses. Nolan Computers' Fixed Assets register module enables businesses to store details on their assets, categorise them into asset classes and to store information on Insurance policies, Leasing agreements and Maintenance schedules.
The design flexibility allows it to be used by a wide variety of businesses, and allows for the storage of a range of different assets and depreciation methods. New assets can be manually created, or proposed based on General Ledger transactions. Assets can also be imported from text files, simplifying asset take-on.
The Fixed Asset Register allows for depreciation of assets using Straight Line, Reducing Balance, Usage and Sum of Digits depreciation methods. Assets may be depreciated monthly, annually or by financial period, and the depreciation may be performed on a single asset, range of assets or for all assets.