SYSPRO Assets Register is asset management software that provides up-to-date, real-time information regarding the value of all assets within your organization by keeping a record of depreciation and current asset values, and a facility that evaluates the remaining worth by tracking income and expenditures derived from assets.
The Assets Register system enables you to manage and control your non-current assets in terms of wear-and-tear depreciation, book value, disposals, additions, and re-valuations. The information contained in the Assets Register can integrate to the General Ledger, or be run standalone. You can optionally record costs incurred in the maintenance of assets against the individual asset concerned. These costs can be broken down over a number of expense codes.
Extensive valuations and revaluations can be performed on your assets and an import facility enables you to generate your assets register by importing asset details created by 3rd. party application software.
The Capital Expenditure Budgetary and Control (Capex) sub-system allows users to budget for, and manage Capital Expenditure items, for the current financial year, and future financial years. Each Capex item budget reflects uncommitted, committed and spent balances. An approval process allows for Capex items to be managed and controlled by status: unapproved, approved, on hold, and closed. Approved Capex lines result in the creation of WIP jobs, purchase requisitions or purchase orders.
SYSPRO Assets Register can be installed standalone or integrated with other accounting solutions in SYSPRO:
- General Ledger
- Purchase Orders
- Work in Progress
Audit trails and journals form an integral part of this solution:
- Complete audit trails include transaction journals, list of additions and disposals, and General Ledger Distribution reports
- Book and tax value schedules
- Asset movement reports
- Labor analysis reports (for maintenance work)
- Revenue costs reporting