The Development Strategy of Norming Asset Management

Norming Asset Management have been improved and upgraded by four service
packs, and currently is in the progress of developing to version 4.2.

After launch of verson 4.2, we will use SDK5.0 to migrate it to version
5.0, which is fully compatibel with ACCPAC Advantage Series 5.0.

Listed below is the new functionality in version 4.2:

  1. Enhancement of Setup functionality
    Setup functionality will be enhanced by adding default option forcategory, loation,account set, cost center, group, depreciaiton period,method,etc.,it will speed up the acquisition entry.

  2. 10 optional fields are available for asset register.

  3. Multicurrency functionality
    Asset will be maintained by source currency and functional currency.

  4. Revaluation for Multicurrency
    Assets At each period end, the assets can be revalued according to the specified currency rate, and the exchange gain or loss will be calculated out and post the auto-reversal journal entry to G/L.

  5. Units or Quantity maintenance
    The Serial Number, Bar-Coding and Reference information can be maintained for each unit of asset with one asset number.

  6. Merge and Split Transactions
    The Split Transaction will split one asset to multiple assets, and re-allocate the book value. Merge Transaction will have multiple assets merged to one asset, with one of existing number or new number.

  7. Adjustment Transactions
    The system will provide the more adjustment transactions type: Value
    Asset, Reduce Value, and Add Value

  8. Enhancment of Depreciation Method
    Depreciation method will improved by adding more function and varia-bles, to allow user to define depreciaton formula that will comply with global statutory requirements,including USA MACRS,Sum-of-the-years'-Digits,etc.

  9. Support Canadian Tax pooling

Listed below is the new functionality in version 5.0:

  1. Seamless integration with ACCPAC Advantage Series 5.0, follow the newest development technology of ACCPAC.

  2. Barcoding Interface.

We are very young,but we will never stop developing and improving,we

would like to hear from you about any improvement suggestions, let's share knowledges and experiences to create a great product for our clients.

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