Fixed Asset System (FAS)

Fixed Asset System (FAS) is an administrative tool for the control of asset management and depreciation. The system comes pre-loaded with the most popular GAAP depreciation methods in use (including units-of-production) and supports unlimited user-defined depreciation formulas so you will never be out-of-date or restricted. Thus, you control the entry and calculation of depreciation for your company assets.

Assets may be classified or grouped; each class may be associated with separate G/L accounts for depreciation allowance and depreciation expense - giving you great flexibility and focus in your reporting and accounting. A full set of reports is provided.

FAS provides automatic asset integration with the General Ledger System and is reported accordingly. The asset record accumulates depreciation by the month, year-to-date, and cumulative. Assets that are set up as production work centers may be linked directly to the FAS and units-of -production statistics may be captured automatically through daily production logs, SFIS or direct machine interface.