FIXED ASSETS Solution

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fixed assets management solutions, fixed asset management software, fixed asset management

Eliminate islands of information when your fixed asset system is part of your ERP suite. The Target Fixed Assets management software provides detailed asset tracking including accumulated depreciation and gain/loss detail, properly accounting for each asset during ownership and at disposal. Knowing exactly what you have could save you thousands or even millions of amounts in taxes and insurance costs. The Target Fixed Assets manager is an important component of the TargetERP suite and offers companies the unparalleled advantage of being embedded into the rest of your ERP package. Fixed Assets links to the TargetERP general ledger and preventative maintenance tools. It includes depreciation calculations, customizable fields, multiple book options and more — offering you the functionality of third-party spreadsheets without the third party. As an added benefit, physical inventory of assets can be completed using handheld scanning to provide a seamless system for all your property tracking.

Key Benefits
 
  • Comprehensively track your property assets
  • Manage the entire fixed asset life cycle including transfers and Disposals
  • Create general ledger journal entries directly
  • Reduce research time by linking directly to Preventative Maintenance so you have all information stored under a single asset record
  • Easily enter data for verification of assets by using Warehouse
  • Management barcode scanning
  • Eliminate time-consuming manual reporting as standard tax forms and reporting methods are fully supported
Key Features
 

Detailed Asset Profiles - Provides a complete profile of each of your assets, including linking of documents (pictures, spreadsheets, etc.), maintenance history and accumulated depreciation history, along with itemized depreciation expense charges and retirement management.

Multiple Books per Asset for Various Depreciation Methods - Allows tax rules and calculation of depreciation for multiple books (federal tax, internal and user-defined books). Applies calculation of depreciation expense and accumulated depreciation for various purposes, such as internal financial records.

Manage Assets by Group or Type - Group separate properties into one or more general asset accounts. Then depreciate all the properties in each account as a single item or property. Fixed Assets also supports various depreciation methods.

Depreciation Methods - Generally accepted depreciation methods are standard in the system along with user-definable depreciation calculations. Example of standard methods included in the system:

Automated General Journal Entries - Once assets are set up, journal entries can be quickly prepared and posted. Entries for profit and loss upon disposition will also be made.