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