Introducing the Fixed Assets Module

The Fixed Assets module enables accurate management and tracking of an organization's capital assets, such as property and equipment. Optional designations for assets help track an asset's location, valuation, or other pertinent information. Asset records contain fields for preserving asset values including warranty information, serial numbers, scheduled maintenance dates, and special notations for extraordinary items.

It includes five standard methods of asset depreciation, as well as the ability to create customized depreciation methods for assets. You assign assets to Asset Groups for calculating depreciation individually or by category. Secure optimal depreciation by allowing the system to automatically determine the best depreciation value from straight-line or accelerated methods. Pre-posting reports for asset depreciation help to review potential entries and maximize the results.

To Add This Module:

1. First the Fixed Assets module must be added to the organization by the Administrator.
2. Either add Fixed Assets to a current organization (Organization>Add a Module Wizard - Module Panel), or select the Fixed Assets module when creating a new organization (File>New Organization Wizard - Modules Panel).
3. Once the Fixed Assets module has been applied to an organization, the Fixed Assets menu selections are available. These selections are integrated into the MIP Fund Accounting menu selections.
4. There are Checklists available for setting up this module and its processes. Please refer to the online help (Help>Contents and Index>Reference) for modular specific menu selections, checklists, and common questions.