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