(im-pac) Software for Manufacturing Planning and Control
1401 N. Jesse James Rd. - Excelsior Springs, Mo. 64024 - ph: 816-630-8638 - fax: 208-248-8167
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Fixed Asset Management Accounting for the long lived assets of a growing company is known to be a tedious and time consuming process, especially during peak demands on the time of the accounting staff. The Fixed Asset Depreciation system has been designed to reduce this burden by automatically performing all required calculations, comparisons, and reporting functions for the life of the asset. The system maintains both "tax" and "book" figures according to both the traditional "declining balance" methods and the more recent "recovery percentage" tables resulting from the accelerated cost recovery system of the Economic Recovery Tax Act of 1981. Items being handled under ACRS are depreciated according to external tables of percentages which may be maintained by the user, while those using a declining balance method of depreciation will switch to straight line at the proper point in time to assure maximum capital recovery. Property may be reported by various types or groups of assets within a company, department or profit center. Reports and updates are available for all items on file, for a selected range of groups or items, and for either tax or book figures. The implementation of an automated depreciation system offers the opportunity for improvement in both accuracy and productivity. Redundant and time-consuming calculations and comparisons are performed accurately and efficiently by the system, allowing qualified personnel to be free for other tasks. Fixed Assets functions: File maintenance functions Tax depreciation report Tax report and update Book depreciation report Book report and update Amortization schedules System management
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