Multiple Depreciation Calculations
Depreciation can be calculated on the basis of Straight Line, Reducing Balance or Nil Depreciation in the same register. Assets such as property may also be set to appreciate. Assets may be depreciated to Nil Balance or Residual Balance as required.
Nominal Interface
The Fixed Asset Register may be operated stand-alone or in conjunction with the Crown Nominal Ledger. If operating with the Nominal Ledger, depreciation is automatically posted each period, either at an individual asset level or grouped by type, location or the entire Register. Facilities are enabled within the Nominal Ledger to drill through to the Fixed Asset Register to investigate postings.
Individual/Grouped Assets
Items may be held in the register as individual assets if easily identifiable and separately accountable (e.g. vehicles, production machinery, computers), or may be grouped together either by asset type, location or as an entire register.he Nominal Ledger to drill through to the Fixed Asset Register to investigate postings.
Separate Locations & Lives
Records may be held for fixed assets at different locations, or by different departments, with separate records, reports and depreciation rates if required. Assets may also be allotted to different 'lives' for Historical Cost purposes, and the expected life of an asset may be changed in mid course, with the system recalculating as necessary.
Insurance Value
The system maintains an up to date record of the insurance value of each asset for immediate reference in the event of an insurance claim. Insurance values are initially assumed to be the cost of the item, but may be adjusted manually or uplifted by a percentage. Different uplifts may be applied to different departments or to individual assets. |
Purchase Ledger Links
Original purchase invoice details may be recorded against an asset and the original purchase transaction may be viewed if the information is still available within Crown.
Enquiries & Reports
Full enquiry facilities are available at any of the grouping levels and all postings affecting the value of an asset may be easily viewed. These could be depreciation postings or manual adjustments to opening cost, prior depreciation or net book value on asset disposals.
Graphical Representation
Various graphs may be produced showing any asset balances over a range of periods for individual assets or grouped by asset location, asset type or register total.
Reports
A range of standard reports are available e.g. Fixed Asset balance sheet, which are particularly useful when the Fixed Asset register holds more detailed information than is available from the Nominal Ledger.
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