Fixed Assets System
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Fixed Assets Application (FAA) encompasses all the activities & operations relating to fixed assets.
FAA features:
- Monitor all the activities & operations pertinent to fixed assets, starting from asset purchase & registration to asset sale or amortization. FAA functions on an integrated basis with General Ledger Application at various levels – i.e. at overall level or asset-specific level.
- Open unlimited accounting periods simultaneously, with the possibility of opening/closing preceding/subsequent periods.
- Support defining code formats & levels, with the possibility of identifying all system-used documents.
- Determine the formats & levels of codes, along with the possibility of defining all system-used documents.
- Classify assets into multi-level categories, providing analytical reports at different levels.
- Enable multi-company operation, with the possibility of distributing & counting assets for each site or consolidating assets at various levels.
- List insurance companies covering respective assets, showing policy numbers, value & premiums.
- Control & monitor the following asset-related activities.
- Adjusting asset value in response to asset acquisition/exclusion and redefining assets due to mergers/splits.
- Provide analytical statistics & reports from different perspectives with chart presentations, without having to perform any migration process.
- Generate reports at various analytical levels – i.e. assets/classes of assets/sites/insurers.
