Opera II Fixed Assets
Fixed Assets for Opera II maintains a complete register of your company's assets from initial acquisition through to disposal. Keep control of the resources your company has invested in, avoid misappropriation, and make the most of their value by managing them in the most efficient way.
It caters for all types of assets, including:
- Finance or Operating Lease
- HP/Lease Purchase
- Company Owned
- Inter Group
- Capitalised
Take the pain out of depreciation calculations
Fixed Assets calculates and records depreciation for the life of the asset, and can be linked to the Opera II Nominal Ledger for automatic depreciation journal postings. Opening balances and depreciation to date can be recorded for assets acquired in previous periods or years. It is easy to create asset records, using Category Groups and Asset Categories, and, when linked to the Opera II Purchase Ledger or PIR/POP modules, supplier invoice lines can also create Assets.
Features
- Easy to create Fixed Assets manually or automatically from a supplier invoice (integration with Purchase Order Processing, Purchase Ledger and Purchase Invoice Register)
- Various methods of depreciation calculated by the software: Straight Line Amount, Straight Line Percentage, Reducing Balance, Immediate Write Down, Manual Per Period
- Ability to change depreciation method and backdate depreciation charges
- Depreciation calculated per period or days in period
- Optional link to Nominal Ledger with Cost Centre and Advanced Nominal analysis
- Facility to update the Nominal Ledger with the depreciation calculation in real time
- Assets grouped by Categories and Balance Sheet Group
- Facility to record asset quantities
- Full or partial disposals; disposal methods can be defined by the user
- Ability to create and link sub-assets to an existing asset
- Asset location and reporting facility
- Full or partial asset transfer for locations or cost centres
- Revaluation of current year and prior year assets
- Numbering of assets defined by the user or automatically
- Ability to re-number main assets, with automatic sub-asset numbering
- Facility to enter opening balances for assets acquired in previous periods or years
- Depreciation method, depreciation rate and category override facility
- Facility to record finance, supplier and insurance details
- Previous year depreciation and adjustments
- Report on depreciation charges for up to 24 Nominal periods
- Fully automated utility for upgrading from Opera Fixed Assets
- User-definable fields may be added to Category Groups
- Global insurance update for percentage or fixed amount increases or decreases
- Integration with Opera II Executive Dashboards, Pegasus XRL, Document Management and Pegasus Instant Messenger
Standard Reports include:
- Additions report
- Depreciation forecast report
- Disposals/Transfers reports
- Extensive audit trails
- Statutory Movement report
