Asset Accounting
The Asset Accounting module provides the basic functionality for processing asset accounting transaction, including acquisition, depreciation, adjustment and disposal. Asset merge and split are also available in this module.


  * Acquires the WIP or normal asset.
  * Integrates with P/O to manage the asset acquisition process.  
  * Issues I/C item to for building up WIP or normal asset.
  * Converts A/P invoice to acqusition entry. 
  * Acquisition entry books the transaction and defines the asset information. 
  * A/P invoice batch or Misc. payment could be created from acquisition batch. 


  * Separates depreciation for book or tax purpose respectively.
  * Runs depreciation for a range of assets for any number of periods.
  * Depreciation calculation uses standard or user-defined formula. 
  * Depreciation can be reversed back to beginning period of the current year.
  * Depreciation Projection facilitates the financial planning. 
  * Fully supports the US MACRS/ARCS rules and Canadian Tax Pooling. 


  * Changes asset value or salvage value for book or tax purpose . 
  * Changes asset year depreciation. . 
  * Transfers assets between cost centers, and locations. . 
  * Changes asset life, depreciation method and rate for book or tax purpose. 


  * Disposes asset at user-specified proceeds with user-defined proceeds account 
  * Creates A/R invoice or I/C receipt for asset disposal batch.
  * Bulk disposal is enabled.
  * Disposal can be reversed.


  * One asset can be split to multiple assets .  
  * Multiple assets can be merged to one asset
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