Features - Softcay
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Features
Fixed Assets- Easy to make Corrections
- Changes to asset cost and acquisition dates are allowed
- Simple period-end posting process calculates depreciation
- Automatic download of entries to Adagio Ledger eliminates manual entry
- Audit trail of all GL entries
- Asset searches by description, PO number, vendor, part number or serial number
Depreciation and disposition Options- Automatic calculation of depreciation for all assets in each accounting period
- Many depreciation options based on asset category
- Financial depreciation and tax depreciation accounting run independently and concurrently
- Fiscal periods can be either calendar months or irregular periods
- Depreciation calculation options allow for irregular #fiscal periods
- Entry of asset sales proceeds, to enable profit/loss on disposal to be calculated automatically posted to GL upon sale or disposal of any asset
- Partial asset disposals and reversals of disposals
- Individual assets can be assigned to any CCA class
- Annual depreciation option to pass entries at year end only instead of each month
- Option to assign a GL Department to each location to post asset depreciation to departments based on their location
Flexible asset handling- Provides a single acid register for all individual assets within your organization
- Classification of assets by Categories
-Locations-CCA classes-Report groups-Master sup asset relationships-Automatic asset numbering, numbers can be assigned manually if desired-Account postings are defined by acid category
Easy to Use- General users do not need accounting expertise
- Multi-user capability
- Real-time posting of journal entries as assets are added, adjusted or disposed of
- Built-in backup function
Multiple Reporting Options- Reports include: -Asset List
-Asset Serial Number List-Depreciation Reports-GL Account Posting Totals-Assets Added within Date Range-Asset Details, etc.
- Many reports can be selected for all assets or filtered by category and/or location and/or CCA Class
- Print previews available
- Reports can be output to web browser or Excel.
More Power Features- Notes, electronic documents, and photos can be added to each asset record and stored within the system’s database in user-configurable folders.
- Attached documents can be exported for your auditors, regulators or field staff.
- Powerful extended record keeping options are available with an interface to SoftCay SmartRecords.
- Grant Fund Asset Accounting feature for organizations such as First Nations that use grants to finance their assets.
- Data conversion service available to quickly and accurately import and convert your existing fixed asset data from spreadsheets or other data formats into Fixed Assets for Adagio.