General Requirements Features and Functions

• Barcoding and scanning technology


• Integrates with purchasing and accounts payable to create a fixed asset file for items purchased


• Adds fixed assets directly into the fixed asset module that were not acquired through the purchasing process


• Tracks items above and below established fixed asset threshold


• Provides user the option to choose whether to depreciate or not depreciate the fixed asset


• Automatically updates construction and leasehold improvements in progress through the project account module


• Ensures GAAP compliance on disposal to automatically generate appropriate profit or loss


• Automatically generates the appropriate journal voucher entry for the profit or loss


• Tracks equipment or other assets for which the organization does not have legal title and exludes them in fixed assets


• Complies with GASB 34 reporting requirements