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Designed to perform all the functions associated with asset and property management, this optional module calculates depreciation for all asset types and integrates fully with other JAMIS modules. In addition, it tracks expensed, fully-depreciated or customer-furnished equipment. All generally accepted depreciation methods are available for use under federal, as well as various state, laws.
The user-defined asset number format can have up to 10 characters in two levels. You can use levels to designate companies, divisions, departments, profit centers, or business units. Up to nine reporting entities, or books, can be defined. One book can be designated to track the Alternate Minimum Depreciation. Depreciation Ceiling codes are also available for calculating depreciation for assets that are subject to specific depreciation schedules provided by the Internal Revenue Service.
"Fixed Assets & Depreciation" is part of the JAMIS Financials line of products, developed by JAMIS Software.