xtendBI SAP Business One Implementation Specialists. More than just accounting.

xtendAsset

Introduction

An integrated Fixed Asset management system that can track assets and small inventory items (non depreciating items). This Fixed Asset system is also IFRS compliant and very easy to use.

Features and Functionality

• Asset Procurement from Purchase Order to invoice
• Asset Group has sub categories called asset Types
• Straight line or Diminishing value depreciation per Asset Group
• Depreciation is date driven, thus daily depreciation is possible if so required
• Asset Remaining life adjustment in line with IFRS
• Asset Register has a single view with filters
• Serial number and Barcodes for asset tracking
• Cost accounting: assets can be allocated to projects and profit centres
• Assets can be transferred between segments, projects and profit centres
• Uncomplicated Asset Procurement using “default” SAP Business One ® A/P Process
• Straight Line and Diminishing Value depreciation
• Single Screen for all Asset Maintenance and transfers between Segments, projects and profit centres
• Multiple depreciation methods per Asset group
• Secondary depreciation methods can create journal vouchers for financial reporting
• Asset management from a single screen such as, transfers, disposals and sale of assets
• Sale of assets creates an invoice automatically
• Asset tracking: Assets can be linked to a employee, office, floor building etc.
• Non depreciating Inventory Item tracking.

Other Features

Rapid Implementation

• The configuration section of xtendAsset is a single screen mechanism
• Asset import from Excel template into one table only

Reports (as required by auditors)

• Asset Register
• Purchase Reports
• Periodic depreciation
• Depreciation Summary
• Sold / Disposed Assets
• Amortisation Schedule per asset

Advantages

• No need to create items in the item master before procurement
• Single table for imports and maintenance
• Any customisation possible on request
• Additional reporting can be created easily