Page 6 - MB-Tech

In the most companies, fixed-assets represent one of the largest investments on balance sheet and the depreciation generates one of the largest expenses on the income statement.
• WELL-FIXED ASSET is the system that can collect all asset data. The system features with easy to use screen. All asset data can be retrieved for use and easily revised using special procedure which is Asset View and Group View.
• System is designed for simple data entry data administration and revision for the staff’s op- erating time-saving and ability to work more.
• System estimates depreciation in day starting the estimation from the beginning date of use or after beginning date of use. • The available report can be
enclosed with Balance Sheet for accountability by auditor. • In the procedure that the asset is obsolete for use by sale, the system can estimate profit and loss from sale of that asset. • System consists of useful report, for istance, Depreciation Report (Accumulated De- preciation Report) that can be printed according to Division, Location or Class, and End of Useful Life Asset Report • System allows the estimation of depreciation in more than 1 type for each asset.
• Straight Line Depreciation can be determined.
• Asset depreciation can be calculated based on date- month-year.
• Accounting period can be set. • Accumulated Depreciation and Book Value of Asset can be declared.
• Asset depreciation can be calculated based on useful life (in accounting-tax).
• Depreciation can be calculated based on different duration in the same category of asset.
• Every report can be issued for revision at Excel.
• Database can be installed on Host of SQL Server.
• It can be installed on Host of
MB Tech We’re Fixed - Asset Expert