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EBMS Inventory Software
Fixed Asset Depreciation
Fixed company assets such as vehicles, buildings, and equipment must be depreciated over a period of time. The EBMS Depreciation Module allows the user to easily post the depreciation expense to general ledger on a regular basis. Applying asset depreciation costs on a monthly basis is an important management tool to properly manage the profitability of a company especially if the business owns a sizeable amount of fixed assets. The EBMS Depreciation module gives the user flexibility and ease of use when planning the depreciable schedules. A variety of depreciation methods are distributed with the software, although additional user-defined methods can be created as well.
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Main Features |
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Fixed asset information such as the Vendor Invoice, Purchase Information and To-Date Depreciation Details are recorded for each of the assets. A simple-to-use process creates monthly expense transactions and posts them to General Ledger in literally seconds. The system will allow the user to properly manage a wide variety of depreciable assets such as rental items, company equipment or intangible assets.
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The system includes Salvage Value and 179 Election Adjustments to create a detailed record of each depreciable asset.
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A variety of reports assists the user with Year End General Ledger Reconciliation and Management Reporting.
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User-friendly wizards make Purchasing, as well as selling or disposing assets, a simple process. Enter a General Ledger account that is classified as a depreciable asset within the Expense Invoice and the system will lead you through to the process to record and properly depreciate the new asset.
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