Asset Management
DesCom Asset Management is designed for Australian and New Zealand requirements, and is a system by which the Fixed Assets of a business can be thoroughly managed in a single or multiple-company environment with consolidations. It is essential that the significant investment that a business has in such assets is fully protected, both at the physical and financial levels, by enforcing that these assets are properly recorded and those records are properly maintained.
Being fully integrated with the General Ledger, Purchase Order & Costing, and Accounts Payables, the system provides:
- that items purchased (or internally created) and coded to Asset accounts in the General Ledger, are forced to be properly registered in the Asset Management system,
- entries being processed in the Asset Management system itself, automatically generate the appropriate posting to the General Ledger, and
- therefore, the Asset Management system and the General Ledger always automatically reconcile.
The sophistication of the DesCom Asset Management system disciplines the user by enforcing that certain information and coding must be entered per asset item. Yet the flexibility of the system provides for:
- additional optional information to be recorded per item as required
- depreciation to be created from within the module using Prime Cost or Deminishing Value for both company accounting and taxation records
- a wide range of enquiries to be made and reports to be produced
- assets to be purchased, built, sold, written off, revalued, transfered, all by simple menu selections with the complex calculations being automatically performed.