d-bit fixed assets
International Financial Reporting Standards (IFRS)D-BIT Fixed Assets provides support for both GAAP and IFRS. Uniquely, D-BIT can simultaneously compute values for an asset under both standards allowing management to evaluate the likely impact of conversion on financial statements.
Complete Asset Solutions
Companies worldwide use D-BIT Fixed Assets to manage and control their assets. Powerful yet easy to use features and an intuitive user interface make D-BIT Fixed Assets a firm favorite in all business sectors. Validate the calculation of depreciation. Display the depreciation that will be claimed in each period over the life of the asset and the effect of adding value and re-valuations. Prepare budget reports of asset values as at future dates including proposed capital expenditure.
Methods of Depreciation
Use the pre-defined book and tax depreciation methods, or create specialized methods using the point and click interface. Attach multiple alternate depreciation methods to each asset and compare the effect of each method over the useful life of the asset.
Automatic Calculation of Prior Period Assets
The system allows the user to add and process assets for previous periods. The prior period depreciation will automatically be updated and relevant general ledger entries generated.
Supplementary Data Fields
All master data files are designed to allow a user to add additional data fields to the record. These user-defined fields are then available throughout the systems for input, calculation and reporting.
Import/Export
Import and Export facilities allow the transfer of information to and from external programs. (Microsoft Access, Microsoft Excel or CSV File)..
Integrated Security Module
Each user’s access can be limited within each company.
Asset Projections
Display and report on alternative depreciation methods. The “what-if” facility allows you to view what the value of the asset would have been at any time in the past or what it will be any time in the future. This calculation can be processed for a single or group of assets.
Backup/Restore
Automatically backup and restore data within the program.
Barcode Asset Tracking
Asset Tracker was developed as a companion product for D-BIT Fixed Assets to facilitate the physical verification of assets during an audit of the Register. Asset Tracker allows for the identification of labeled fixed assets using a PalmOS based hand held terminal. Synchronization of collected data with D-BIT Fixed Assets. The data collected is synchronized with the Register and relevant reports are available.
Web Updates
Statutory changes and enhancements are available from the WEB.
Costing/General Ledger
D-BIT Fixed Assets can be integrated with your General Ledger.
Control all aspects of Fixed Assets Management efficiently. Reduce administration and enhance information availability
web Based Asset Viewer
D-BIT Asset Viewer allows you to expose selected asset information to authorized users, via a standard web browser. The solution can be installed on your corporate Intranet of Internet, allowing controllers and line managers to access information pertinent to the management of your fixed assets from anywhere in the world. D-BIT Asset Viewer does not compromise the position of the asset controller who remains in control of the financial depreciation calculations. The asset controller will administer D-BIT Asset Viewer and grant or deny access to the asset management data.
FEATURE STANDARD PROFESSIONAL Asset limit 500 Unlimited Annual maintenance 10% 18% Customizability DPL Formula td Y Key fields formatting Y History detail Y Y Barcode interface Y Y General Y Network support Y Y Multi-user 3 user 3 user Multi-company Y Y Sample data Y Y GL Integration GL Journal Y Y GL Transfer file Y Y Image enabled Y Y Security Security Module Y Y Multi - Currency Source Y Y Functional Y Y Reporting Y Y Reporting Standard Maintenance Y Y D-BIT Report Writer Y Y Depreciation Rules maintenance Y Y Standard methods Y Y Standard categories Y Y Asset Tracker Interface to Palm Y Y
