Module

Specifications

Financial Transactions
 

Depreciation Expense
 Impairment Cost
 Maintenance Cost
 Derecognition

Master Files

Asset Type (to classify ppe)
 Asset Group (to group similiar assets)
Chart of Accounts (for automatic recording to GL)
Cost Centers (charging of depreciation to cost centers)
Disposal Method
Employee master file (to tract-down the accountable employee)
Insurance Type master file (to monitor regular insurance)
 Location (to track-down the location of the asset)

Integration

Can be integrated to the GL system for the recording of depreciation, impairment and retirement of the asset
 Can be integrated to HRIS system to monitor employee's assset accountability

Reports

Monthly lapsing schedule
Lapsing schedule per cost center
Insurance for renewal
VAT Input schedule for above 1M purchases
Asset Accountability Report
Journal Entries

BIR Module

2550M/2550Q for asset purchases above 1M