Fixed company
assets such as vehicles, buildings, and equipment must be depreciated
over a period of time. The EBMS Depreciation module allows the user to
easily post the depreciation expense to general ledger on a regular
basis. Applying asset depreciation costs on a monthly basis is an
important management tool to properly manage the profitability of a
company especially if the business owns a sizeable amount of fixed
assets. The EBMS Depreciation module gives the user flexibility and
ease of use when planning the depreciable schedules. A variety of
depreciation methods are distributed with the software, although
additional user-defined methods can be created as well.
Features
Fixed asset information such as the vendor
invoice, purchase information, and to-date depreciation details are
recorded for each of the assets. A simple to use process creates monthly
expense transactions and posts them to general ledger in literally
seconds. The system will allow the user to properly manage a wide variety
of depreciable assets such as rental items, company equipment, or
intangible assets.
The system includes salvage value and 179
election adjustments to create a detailed record of each depreciable
asset.
A variety of reports assists the user with
year end general ledger reconciliation and management reporting.
User-friendly wizards make purchasing, as well as selling or disposing
assets, a simple process. Enter a general ledger account that is
classified as a depreciable asset within the expense invoice and the
system will lead you though the process to record and properly depreciate
the new asset
Fixed Asset Depreciation 
