Fixed Assets

Asset Tracking and Depreciation

Tracking assets, calculating and updating depreciation, and maintaining accurate records is time-consuming and tedious. ADL’s Fixed Assets system helps organize your organization's asset records for tax and insurance purposes.

Reports and Statements:

Once the database is set up, reports provide information for balance sheets and accurate depreciation expenses for the Profit and Loss Statements.

Capital Expenses:

All capital expense items in the facility are catalogued. Each class of item is assigned an item code number and entered into the Fixed Assets database.

Calculations:

Auto-calculate depreciation and post directly to the General Ledger. Once an asset has been fully depreciated, the calculations stop. A list of fully depreciated assets can be printed.