eRKTM-FA records the value of fixed asset and minimizes the cost of tracking them by using bar coded labels, as identifications to the asset that extends to adding, transfering, depreciating and retiring.
Features
Capital acquisition planning, such as plan, budget and track capital acquisitions. Establish capital appropriation plans, including a master plan and manage them to asset acquisitions.
Barcode scanning for asset entry and tracking.
Captures and maintains asset information, such as asset number, asset type, asset category, asset owner, asset component, asset location, defining assets by hierarchy; i.e. attributes, groups and sub-groups, proposal stage to retirement details, asset revaluation, manufacturer, serial number, model number, warranty and other details.
Group related assets for reporting purposes or link additions and adjustments to original assets by using multiple part asset IDs.
Stores extensive physical asset information to maintain tight control over assets throughout their lifecycle.
Allow users to code data by company, location, division, department, class, general ledger code.
It is designed to accommodate any methods of depreciation; i.e. Straight Line Method and Diminishing Method.
Assets check-in and/or out.
Automatic item number.
Every depreciation expense transaction is automatically calculated and posted to the General Ledger, annually. Transactions are created through General Ledger integration.
Maintains multiple depreciation schedules for assets in different books.
epreciation of capital assets.
Flexibility to maintain more than one book for the same asset and assign asset in multiple depreciation.
Tracks asset information, such as purchase information and warranty information.
Tracks lease cost and value costing.
Every asset is described by a set of analytic parameters; inventory number, name, category depreciation rule, depreciation rule effective date, posting code, asset type, list of posting accounts, responsible person, location, code of related inventory application location, unit of measure, quantity, etc.
Tracks warranty with automatic notification prior to warranty expiration.
Depreciation schedule details, e.g. asset life, start date, book value, cumulative depreciation, last depreciation amount and date.
Creation of asset groups according to the user-defined parameters.
Registration of purchase, putting in operation, calculating of depreciation, full or partial write-off, internal transfers, putting in prolonged storage, withdrawing assets from records.
Adjustment of cost and accumulated deterioration.
Single or multiple purchase transaction generating cost of the asset.
Calculates depreciation for all assets.
Audit trail for each transaction to the underlying source document (i.e. the user keys-in the purchase order, invoice, etc).
More votes (codes) can be added.
Optional Features
Comprehensive financial and tax solution ensure compliance with changing tax and accounting requirements.
Value assets by using an unlimited number of currencies. Post realize and unrealized currency gains and losses to the General Ledger.
Extensive asset inventory tools reconcile inventory data collected from inventory collection instruments, including hand-held devices and discovery tools.
Captures and maintains asset information, such as Forecast assets, Insurance information.
Automatic item retrieval from Financial System.
Every depreciation expense transaction is automatically calculated and posted to the General Ledger, can also be done monthly. Transactions are created through General Ledger integration.
Tracks actual and scheduled service maintenance dates with a description of work performed for each asset.
Maintains information on insurance claims with the facility to capture premium transactions, such as payment date, amount, due date, payment voucher number, etc.
Insurance details - insurance companies, policies including the insurer's details, premiums applicable, etc and group assets for different types of insurance policies.
Revaluation / Sale / Transfer / Disposal selects particular asset and captures transaction details of asset revaluation with the option to dispose an asset or partially. Thus, calculating gain / loss on sale of an asset. As for transfer of an asset on a full or a partial basis from a location to another location and automatically updates status of assets.
Forecasting of replacement needs.
Able to calculate depreciation for single asset, or range of assets.
Reports
Lists and reports are mainly for filing purposes and to counter-check the posted value in the journals.
Reports generated based on date range.
Daily / Monthly / Yearly reports.
Asset information summary.
Asset information detail.
Asset revaluation.
Asset disposal.
Custodian list.
Asset transfer.
Asset maintenance.
Asset written-off.
Asset additions.
Detailed report on fixed asset and depreciation of fixed asset.
New assets.
Summary report of fixed asset and depreciation.
Monthly depreciation chart of every fixed asset for the current year.
Basically the enquiry screens are to check whether there are alterations to be done. Every enquiry screen has facilities in which data can be identified. Fixed asset is barcode labeled.
Optional - List of fixed asset and its book value. Fixed asset book value reports are based on percentage of basic value. Written-off assets (vote range) report.
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.: eRKTM-ASSETS & INVENTORY
eRKTM-Assets & Inventory consists of the following modules, please click on the product code for more information.
