Friday, Oct 07 2011
News and Analysis
Syspro has enhanced the Fixed Assets module in its ERP line. The company said it has improved process flows and the module includes a Capital Expenditure sub-system that can be used for planning and budgeting for new assets in the current financial year and future years.
An approval process lets CAPEX items be managed and controlled by status with the approved CAPEX lines ultimately resulting in the creation of WIP jobs for manufactured items or requisitions or purchase orders for bought-out items. According to Syspro, “On receipt of these items, a new asset is created in a suspended status, and the appropriate person(s) is notified to validate the information.” A variety of depreciation methods, basis and date conventions are also now fully available, as well as a streamlined facility to process depreciation adjustments.
Last modified on Sunday, 16 June 2013
Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.