Asset Information
- Up to 50 alphanumeric character asset ID
- Unlimited number of characters for the asset description
- Include scanned images for easier identification of the asset
- Record manufacturer, model serial number, PO # and vendor information for each asset
- Pre-defined asset classes assign depreciation values and GL accounts automatically
- Track leased assets
- Track assets using user defined location codes
- Assign assets to property tax jurisdictions
- Assign each asset to an unlimited number of user-defined asset categories such as computers, office equipment, loan number, etc.
Depreciation
- Unlimited number of depreciation books for each asset including:
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- Book
- Federal tax
- State tax
- AMT
- ACE
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- Separate acquisition date and in-service date
- All IRS approved methods of depreciation including:
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- Straight line
- Units of production
- Declining balance
- Sum of the years digits
- ACRS
- MACRS
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- Record non-depreciable assets
- Special auto depreciation methods to enforce limits on automobile depreciation expense
Dispositions
- Partial dispositions
- View each depreciation books gain/loss calculation
- Automatic calculation of depreciation expense adjustment for early retirements
- Add additional GL journal entry transaction for any disposition
- Permanent record of all disposed assets is maintained
- Disposition journal entries automatically interface to EmpowerGL
Asset History
All changes to an asset are recorded in the asset history file including:
- Acquisition
- Disposition
- Location change
- Property tax jurisdiction change
- General ledger asset account change
- General ledger accumulated depreciation account change
- Depreciable basis change
- Asset group change
Physical Inventory
- Create physical inventory worksheets by:
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- Department
- Location
- Inventory count cycle
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- Record comments and change asset location when inputting confirmation
- Report exceptions only after the count is completed
- Import a file of bar code readings to update asset's last date counted
Reporting
- Complete library of standard reports including:
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- Acquisition Register
- Disposition Register
- Asset History Listing
- Replacement/Insurance Listing
- GL - Asset Account Ledger
- GL - Accumulated Depreciation Ledger
- Depreciation By Period
- Depreciation By Asset
- Units of Production Worksheet
- Assets By Class
- Assets By Group
- Assets By Location
- Asset by Property Tax Jurisdiction
- Inventory Worksheet
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- Easily modify any standard library report or create additional reports using the powerful PowerBuilder® report writer
Inquiries
- Inquiries put information at your fingertips. EmpowerFA provides inquiries for:
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- General information
- Depreciation books
- Location/Property Tax
- Ledger Accounts
- Asset Groups
- Replacement Cost/Insurance
- Special Taxes Attributes
- Depreciation history
- Asset changes history
- Journal entries by asset
- Units of Production History
- Disposition information
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Replacement Cost/Insurance Evaluation
- Use an unlimited number of cost indexes such as the CPI to index the replacement cost of each asset
- Record the insurance carrier of insured assets
- Report the difference between Net Book Value and Insured value and replacement cost for management analysis
Additional Features
- Multiple companies
- Secure access via username and password
- Intuitive navigation
- Establish menus/navigation by job task or by user
- User preferences establish business rules for processing
Client Server Technology
- Open system architecture
- Multiple DBMS support for Oracle®, Microsoft SQLServer®, Sybase® and SQLAnywhere®
- Client support for WindowsNT®, Window 3.x® or Windows95®
Service and Support
- Onsite installation and training
- Custom programming
- Source code
- Annual maintenance
- Software enhancement lists
- User conferences
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Asset Information
Depreciation
Dispositions
Asset History
Physical Inventory
Reporting
Inquiries
Replacement Cost/ Insurance Evaluation
Additional Features
Client Server Technology
Service and Support |
