Fixed Assets

The Fixed Assets module tracks business assets, calculates their monthly depreciation and posts the depreciation to the General Ledger. Fixed Assets supports straight-line depreciation as well as custom monthly depreciation schedules. Asset Categories make it easy to enter repetitive asset information.

Approach:

1. The bookkeeper enters the companies assets and sets up the proper proper depreciation method for each.

2. Once a month the bookkeeper runs the calculate depreciation routine.

3. Print the Depreciation Journal.

4. Finally, the bookkeeper runs the Post Depreciation routine. This creates a General Ledger batch entry for the monthly depreciation (if the General Ledger module is present).

Interface to the General Ledger:

If the General Ledger is installed, it will send the batch of your monthly depreciation entries to the General Ledger. If you are running in batch mode this batch must then be printed and posted in the G/L, if you are not running in batch mode then the batch will be posted directly to the G/L files and no further action is required.ColumbuSoft - Columbus, Ohio

ColumbuSoft - Columbus, Ohio
1+(614) 885-7789  Fax:+1 (614) 885-2077
E-mail: mail@columbusoft.com

Last updated: Tuesday, February 03, 2004 05:24:26 PM