Fixed Asset Register

The SDM Fixed Asset Register integrates with the SDM Nominal and Purchase Ledgers and provides a powerful way of recording an organisation’s assets.

The Fixed Asset Module is designed to calculate depreciation as required and will automatically create journals for posting to the SDM Nominal Ledger.  Assets can be recorded against properties or schemes as held in the Rents & Housing Management Module.

Key Information

Asset File

  • Component Accounting
  • Asset Number
  • Location
  • Purchase / Invoice Details
  • Depreciation Type
  • Expected Life
  • Depreciation Charged
  • Disposal Details
  • Archive Facility
  • Extended Data
  • User Defined Configuration File

Reports

  • Asset Register
  • Code Book Report
  • Disposals Report
  • Current / Historic Assets

Main Features

  • FRS 102 compliant processing both depreciation and amortisation
  • Ability to store all related property information such as title and loan details
  • Full listing of all assets
  • Grouping of Assets by property
  • Componentisation in accordance with International Standards for the purposes of Component Accounting
  • Facility to calculate depreciation by both straight line or reducing balance methods
  • Option to preview deprecation when setting up a new asset
  • Ability to define depreciation over a given period
  • Sale of Assets, in part or full with revised depreciation figures
  • Automatic Nominal journals
  • Imaging option to allow users to hold a copy of invoice or picture of asset
  • Diary system to record comments etc
  • Disposals calculation
  • Quick setup of asset register
  • Customisable export to Excel
  • Import Extended Data

Integration

The Fixed Asset register can be run standalone, or it can be integrated with:

  • SDM Nominal Ledger Module
  • Purchase Ledger Module
  • Rents and Housing Management Module
  • Repairs and Maintenance Module