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Minotaurs Fixed Asset module allows you to input assets, existing and newly acquired, decide the depreciation method that applies, record the life and salvage value. Then the system will establish the depreciation schedule, calculating setting up the appropriate G/L entries for the upcoming periods. Accountants like that it sets up the future entries but has a separate mechanism for posting so that adjustments can be made without the complication of adjusting entries. The fixed asset module allows you to manage early disposals and provides reports by asset, user defined asset class and G/L entries by time period.
"Fixed Assets" is part of the Minotaur Business System line of products, developed by Minotaur Software.