|
Hardcat software is a powerful yet easy to operate modular
asset management system with the ability to manage your assets from
initial purchase through to final disposal. The Depreciation Module (which like all
other optional modules links into the Core Module) is featured on this
page. Click on the links (at right) for information on the other
modules.
|
|
Depreciation Module Features
The Depreciation Module links
into the Hardcat core system and provides the following advanced
features:
- unlimited number of user definable
depreciation sets (most other asset register packages limit the user to
book and tax sets only)
- separate sets may be maintained for
depreciation forecasts, historical cost, etc
- method & rate can be defined by
asset type
- daily percentage rate
calculations
- revaluations by asset type
- insurance valuation & revaluation
reporting
- asset disposal (including profit/loss
on sale and balancing charges)
- extensive pre-formatted reports
- user customised reporting
- flexible periods within each set
- individual asset override
- own import/export facility
- journal exports
|
Above: Hardcat offers user
definable periods for each depreciation set. The user can start and end
the period on whatever dates they choose. Click to
enlarge |
Reports
Reports
specific to depreciation may be run from the Depreciation Module. As with other Hardcat modules, the user can select from our
comprehensive list of pre-formatted reports or alternatively create their
own custom report formats. All custom report formats can be saved for
future use.
Standard reports (available for book, tax or any other
user defined depreciation set) include:
- Depreciation Calculation
- Period Depreciation (by asset type, cost centre or
location, in summary, detailed or total form)
- YTD Reconciliation (by asset type, cost centre or
location, in detailed or total form)
- Depreciation Exclusion List
- End Of Year Rollover
- Depreciation Set Configuration
|
Above: Depreciation
calculations from this module are fed back into the core system database
and are accessible at the click of a mouse when enquiring on any given
asset, as depicted above. Click to
enlarge |
Key
Benefits
- allows easy compliance with
applicable reporting standards (eg AAS4, GASB 34, etc)
- significant cost & time savings
on depreciation & revaluation calculations
- automatic adjustments from previous
to current period
- periods can be closed to retain
depreciation values & reopened
- ‘set’ years can be any time length
with up to 13 periods
- eliminates time & expense of
depreciating assets which no longer exist
- insurance & replacement value
update
- fast, flexible & user
friendly
For more
comprehensive information...
Please feel free to contact us if you have any further queries on the depreciation
module.
|
Above: Hardcat's
Depreciation module features a flexible and user definable export
journals function, allowing it to integrate seamlessly with your General
Ledger software. Click to
enlarge |
