AssetWorks’ AiM FAS Fixed Asset Software is a powerful and flexible enterprise fixed asset management solution for government, higher education, K-12 and commercial organizations. Whether you are in need of a new stand-alone system or interested in a more functional and user-friendly alternative to your current ERP fixed asset module, AiM FAS can meet your fixed asset management goals and requirements.
AiM FAS was developed and field tested by actual asset inventory professionals with more than 20 years of on-site experience and over 5,000 individual clients served. AiM FAS is an all-in-one system for managing fixed assets that includes:
- Asset Accounting
- Asset Reporting
- Asset Inventory via AssetMobile
All functions of the AiM FAS system work seamlessly together resulting in a comprehensive and intuitive user experience. Easy asset maintenance and overall system navigation are the cornerstones of the AiM FAS design.
AiM FAS allows users to easily add new fixed assets, transfer assets among departments, funds, or locations, partially or fully dispose of assets, and generate a full range of compliant financial reports. With AiM FAS, fixed assets may be assigned to an unlimited number of departments and funds, allocated by percentage of the total cost.
User-Dened Asset Classes
With the ability to track and depreciate a fixed asset inventory based on user-dened asset classes, AiM FAS simplifies data entry of standard fixed assets while allowing individual overwrites for non-standard assets. AiM FAS users are able to define asset class defaults such as: useful life, capitalization threshold, and salvage value as a percentage of total asset cost.
An unlimited number of depreciation books can be customized, with separate financial reports being generated for each. AiM FAS users can define depreciation books by: asset classes, depreciation method (straight line, various accelerated, or variable) or timing (first-of-month, mid-month, first-of-year, etc.). Through transactions, AiM FAS provides the flexibility to extend or shorten the useful life of an existing asset, perform asset value impairment, and mark-to-market changes, impacting the future depreciation schedule without disrupting prior depreciation expense reporting.
Users of AiM FAS have access to a complete, auditable history, tracking asset relocations and transfers among funds and departments by date and user. Asset disposal transactions (both full and partial) are also tracked in an auditable history table while disposed amounts are reconciled financially, including gain/loss for each associated depreciation book.
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