First Nations Accpac Accounting - Canada - MDKS Business Solutions Inc.

Capital Asset Accounting with Norming Asset Management

Most organizations today spend little time tracking and managing their physical assets once they have been purchased. The time spent on budgeting, financing and purchasing these assets is lengthy but then once purchased, they choose not to track these assets at all.

Tracking and maintaning your assets will help you better manage and maintain accurate fixed asset records to assure compliance, as well as maximize the return on your assets.

The core functionality module, Norming's Asset Management, integrates with Sage Accpac ERP to allow for processing all of the asset accounting transactions, including acquisitions, depreciation, adjustment, disposal, merge and split.

Learn more about Norming Asset Management.

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Capital Asset Accounting

Year-end Reporting Handbook

Key Functionality

• Asset depreciation for book and tax purposes.
• Powerful and flexible depreciation formulas.
• Asset maintenance scheduling and expense processing.
• Image can be attached to location and asset register.
• Complete barcode tracking facility.

Enquiries and Reporting

• Search asset by category, group, cost center and location.
• Review complete asset activities history and the purchase transaction entry.
• Maintain serial no. and barcode for each asset unit.
• Print Asset list, history and depreciation report for audit or reconciliation with the General Ledger.
• Print depreciation projection report for financial reporting.
• Print capitalization analysis to compare budget with expenditure.

Sage Accpac ERP Integration

• Integrates with Purchase Orders to streamline the asset requisition, acquisition and invoicing process.
• Integrates with Inventory Control on asset acquisition, disposal and maintenance.
• AP and AR invoice batches are created automatically from asset acquisition and disposal.
• Drill down from GL, AR and AP into originating asset transaction.

Below are some screenshots of Norming Fixed Asset Management integrated into Sage Accpac ERP