Module provides for accounting of fixed assets (FA) in the context of different books of record (accounting, tax, administrative etc.). List of books of record is adjusted in the system. All transactions are performed in the context of the appropriate books of record.

Module provides for:

Maintenance of the following supplemental information: FA classifier - hierarchical data directory containing user-defined FA nomenclature; stores; depreciation rates; sets - data directory containing multi-object FA.

Handling of FA inventory cards containing all necessary information on each FA including: FA inventory number (automatic generation of inventory number in accordance with adjusted encoding rules is available); reference to FA classifier; FA registration data; location data; price data; procedure for calculation of amortization; analytical indicators etc. Support of inventory card data changes history is provided in the system.

Mass creation of FA inventory cards is possible.

Automation of VAT calculation in transactions with FA is provided. VAT rates may be indicated for FA kinds with reference to FA classifier.

Mass operations over FA are possible (receipt, retirement etc.). Mass operations are performed over FA lots. Change of lot structure, copying of FA from one lot to another, transfer of FA from two or more lots to a new one are provided.

Module provides for performance of the following transactions:

• receipt (to store, to mounting, to operation);
• migration (amongst departments, accounting groups, stores, materially-responsible persons);
• issue from store to advance holder; return to store from advance holder;
• expenditure accounting when putting FA into operation;
• repair; modernization; conservation;
• calculation of amortization;
• revaluation;
• retirement;
• FA rent (current or long-term);
• partition; association.

It is possible to charge amortization by the following methods:

• method of straight-line depreciation (linear method);
• method of depreciation proportionally to used resource (production volume);
• method of reducible balance;
• method of cost writing off on the sum of number of years of useful life.