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Did you know that SAP Business One includes a Fixed Assets Add On?
By Enabliser Kerrie
This Add On has recently been upgraded to the 8.8 family and offers excellent functionality.
SAP Business One provides a subsidiary ledger to manage and monitor all your Fixed Asset requirements. Purchasing, retirement, and sale of an asset are all seamlessly integrated into the general ledger. For example, sale of an asset creates your sales invoice and completes all the required balance sheet and P&L posting required for the asset.
Depreciation both diminishing and fixed rate, can be handled simultaneously, along with the ability to run both tax and book depreciation schedules. The system calculates the planned depreciation according to the costs of the purchase or production as well as the useful life and carries out the necessary postings in the general ledger.
Simple reporting including depreciation forecasting and the Asset Master Data report, allows you to balance everything back to your balance sheet, and show transactions on a particular asset within the period. A simple report easily exported to Excel, this is just what the Auditor ordered.
Set up of SAP Business One Fixed Assets is simplified with the use of Excel import functionality allowing assets to be imported and historical depreciation data maintained.
Imagine… Fixed Assets, fully integrated and no more spread sheets or end of month journals!!!!!!!