| Microsoft Dynamics GP Fixed Assets helps you | | | | should be handled when reporting to Federal, State, |
| create and maintain records of assets such as | | | | and Corporate levels. Book class records can also be |
| property, plant equipment and vehicles. This module | | | | used to group assets based on type of property, |
| provides complete tracking of fixed assets from the | | | | depreciation method, depreciable life and averaging |
| time they are acquired up to the point when they are | | | | convention. |
| retired from use. | | | | 2) It enables you to define 15 user defined fields in the |
| Description and Tracking of assets | | | | Fixed Asset Company window. This facilitates flexibility |
| Dynamics GP 10.0 Fixed Assets module enables users | | | | and scalability across many industries. |
| to efficiently manage the physical inventories - defining | | | | 3) Accuracy of data is maintained, since only valid data |
| the specific assets, where they are located and the | | | | can be entered in the transactional windows based on |
| condition of each item. Besides tracking leased assets, | | | | the Book class, Location, Account Groups and |
| it also tracks the movement of assets from one | | | | Insurance Classes etc. that have been pre-defined. |
| location to another as well as the repair and | | | | 4) Fixed Assets enables complete flexibility as |
| maintenance of the items. Ensuring that the hazard | | | | depreciation can be calculated for a single asset, an |
| insurance policies are current and up to date is vital in | | | | asset class, a group of assets, assets in a particular |
| case of catastrophic events and this module keeps | | | | book or all assets. |
| track of policy expirations. | | | | 5) Depreciation projections can be run, to forecast the |
| Seamless Integration with General Ledger Accounting | | | | potential impact in the future without affecting the |
| Dynamics GP 10.0 Fixed Assets module allows | | | | Fixed Asset files. |
| accountants to properly report the state of affairs to | | | | 6) If there are any changes to fixed assets, Dynamics |
| the stakeholders such as shareholders and creditors, | | | | GP 10.0 allows you to reset the depreciation for the |
| by providing the means to capitalize, depreciate and | | | | current year or to the beginning of the life of the asset |
| dispose assets. This accounting software also | | | | or to depreciate forward using the new data. |
| provides the capability of demonstrating the impact of | | | | 7) Mass changes can be processed easily, for retiring |
| Fixed Assets on the General Ledger and keeping | | | | assets. Once the asset is retired, the gain or loss is |
| Payables, Purchasing, Receivables, Sales and General | | | | automatically calculated based on the selling price and |
| Ledger tightly integrated and providing a seamless flow | | | | the net book value. |
| without any effort. | | | | 8) Mass changes can also be processed for transfers |
| Future Projections and Tax Reporting | | | | of assets. Whether the asset is transferred or |
| Forecasting depreciations is a feature within Dynamics | | | | received, the appropriate depreciation is automatically |
| GP 10.0 Fixed Assets, which allows projections into the | | | | allocated for the transferring asset and this |
| future. Tax reporting is also easily facilitated as it | | | | depreciation will be calculated on the transfer date of |
| allows the same asset to be depreciated across two | | | | the asset. |
| different methods and facilitates comparisons. This | | | | 9) There are numerous reports that come standard |
| module also allows users to specify different rules for | | | | with the Fixed Assets module. These reports can be |
| state and federal taxes, as the taxation may be | | | | easily modified or customized to meet the company's |
| different. The way it is reported at the corporate level | | | | user requirements. |
| as opposed to the taxation level may be entirely | | | | 10) The inquiry window allows you to trace the origin |
| different and Dynamics GP 10.0 accommodates this | | | | of the transaction even if it came from outside of the |
| easily. | | | | Fixed Asset module. |
| Key benefits | | | | 11) There is seamless integration between Fixed |
| 1) The main benefit of using Dynamics GP 10.0 Fixed | | | | Assets, Purchasing Order Processing, Payables and |
| Assets is that it allows you to create an unlimited | | | | General Ledger, without any additional work on the |
| number of book classes. Book Class records allow | | | | part of the users. |
| you to group assets according to how depreciation | | | | |