Whether you are a small or a large enterprise, fixed asset accounting is an unusually complex task, always seeming to take more time and dedication than you actually feel it deserves. Inaccuracies and misinterpretations of rules can cause errors that can compound over time, affecting both financial reporting and tax planning. A good comprehensive asset software will lighten the work load and accommodate the unique situations arising in individual companies.
If you are looking for a better way to account for and track your assets, here are few things to consider for success.
Ease of use. FAS software is user friendly. Wizards guide the user through set up and data entry of assets. In addition, security settings for each user protect your information.
- Wide range of depreciation methods. FAS software offers more than 50 methods of depreciation plus the ability to group assets in the manner that works best for you. Furthermore, depreciation entries are generated for the general ledger.
- Easy migration. If you have a lot of assets, you will want to import your records and avoid time-consuming data entry. The import wizard takes the effort out this task.
- Comprehensive reporting. Both ready-to-use reports as well as custom reports are available. Create notes for more meaningful information and export reports in an array of formats to meet your needs for accurate decision-making and evaluation.
Designed to enable you to track your fixed assets efficiently with minimal effort, FAS software is the most popular asset management software on the market. To learn more, contact Oates & Company.
