Manage and organise fixed assets within your business
Managing your fixed assets includes the following tasks:
Tracking each asset’s value, both from a tax and an accounting point of
view
Depreciating assets correctly using an appropriate depreciation rate and
method
Updating the replacement values of your fixed assets for insurance
purposes
Accurately recording any sale, disposal or loss of assets
Maintaining an accurate fixed assets register which records information
such as: date of purchase; date of disposal; purchase price; accumulated
depreciation; net book value etc.
The Sage Pastel Evolution Fixed Assets module automates all these processes
for you. Once you provide the initial information, the system takes over and
manages your assets for you. One of the realities of fixed assets processing is
that companies frequently change depreciation rules as legislation allows and as
company policy changes. Some changes are retroactive to when you purchased the
asset. Sage Pastel Evolution Fixed Assets calculates its values dynamically from
the start of each asset’s life, which makes retroactive changes simple. Imagine
the time required to accurately programme all this yourself into a spreadsheet!
Sage Pastel Evolution Fixed Assets can be used in conjunction with the core Sage
Pastel Evolution Accounting system or can be purchased as a stand-alone product.
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