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Hardcat solutions allow for all asset depreciation, for all types and all cost centres, to be handled in the one system.
While easy to use, Hardcat boasts unparalleled flexibility both in structure and reporting to allow virtually any depreciation scenario to be handled, be it low-value pooling, multiple currencies, etc.
Unlike other depreciation solutions, Hardcat’s structure allows non-depreciable assets such as those under operating leases to be maintained in the same asset database and appear in an asset listing without appearing in the depreciation schedule. It is also possible for other asset register users (eg IT staff, maintenance staff) to have their own asset classification system without affecting the asset type structure set up for depreciation purposes. Advanced security ensures against non-finance staff accidentally changing any financial asset values or structures. As one of our customers said: “Finally, an asset register that keeps both Finance and IT staff happy!”
The Depreciation Module links into the Hardcat core system and provides the following advanced features:
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 & Finance" is part of the Hardcat Asset Management Software line of products, developed by Hardcat Inc..
Hardcat Asset Management Software is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.