Fixed Assets |
Managing assets, minimising tax and planning for future capital investments or disposals is made easy with Greentree’s Fixed Assets module. By knowing exactly where each of your assets are located and the exact value, you can more effectively plan your capital purchases and disposals. Features at a Glance
Internet EnabledGreentree is enabled for Internet deployment, out of the box, using its thin client technology. This allows remote offices or travelling executives to obtain secure access to the complete functionality of Greentree via an Internet Service Provider.Fully Integrated OperationGreentree’s Fixed Assets module is fully integrated with the General Ledger module, ensuring purchases, depreciation, disposals, revaluations and other relevant information is reflected immediately in the financial accounts. Asset purchases or additions may be entered via the Accounts Payable module, saving both time and duplication of data entry. If the Job Costing module is in use, depreciation values may be posted to a job on a per-asset basis. This means individual plant items that are being tracked on an income and expense basis, using Job Costing, can be more accurately monitored.Multiple Depreciation Methods Two sets of depreciation figures are calculated and maintained by Greentree; one for accounting purposes, which integrates directly with General Ledger, and the other for reporting to the Tax Department. In addition, assets may be depreciated using either the straight line or diminishing value methods. Depreciation methods are determined on a per-asset basis, and a particular asset could be depreciated using diminishing value for taxation purposes and straight line for accounting purposes.Depreciation recovered, offset depreciation if purchasing a replacement asset, and capital profit or loss on the disposal of an asset are automatically calculated and managed by Greentree. Depreciation can also be calculated on a daily, monthly, half-yearly or annual basis depending on your requirements. On-line Access to InformationManaging assets effectively means knowing the exact location and financial position of each item quickly and effectively. Greentree’s enquiry facility summarises the complete financial history of each asset for both the accounting and taxation depreciation methods. In addition, the transaction history may be viewed on-screen and individual items "drilled down on" to view the source document, such as a supplier invoice.
Planning for the movement of assets into and out of your organisation in future accounting periods or years can have a significant impact on your projected budgets, by affecting depreciation values, capital gains or losses, etc.Greentree’s forecasting facility allows you to explore "what-if" scenarios, and plan your asset movements more effectively. This special feature also allows you to monitor and incorporate changing conditions such as new government depreciation schedules, which may be implemented midyear. |
