The Data Design Fixed Asset Accounting System provides the capabilities needed to assist companies in managing their property.
The Fixed Asset Accounting System tracks asset activity and maintenance during the estimated life of the asset. On a periodic basis, the System calculates depreciation expense and generates the appropriate General Ledger entries.
The System is designed to meet the diverse requirements of many industries and to respond quickly to the changing needs of companies. Emphasis has been placed on making it easy to implement, add new companies, add and change reports, and make organizational changes.
- Stand Alone System
The System has been designed to be used as an individual system or with the Data Design Project Accounting, Accounts Payable and/or General Ledger Systems.
- Batch and Online
The System has been designed specifically to work efficiently in either batch or online real-time update environments.
- Entry and Correction
The System has been designed to minimize the amount of work required to enter, correct, and change information in the system. Included are extensive input defaults with user-assigned values, a single input port, and an error recycle file.
- Automated General Ledger Interface
The System can automatically capture asset-related General Ledger activity, and generate transactions to post journal entries in the Data Design
General Ledger System.
- Number of Depreciation Books
The System is delivered with the capability to define 10 depreciation books. This may be expanded to 52 books.