A most comprehensive financial asset accounting solution for medium to large organisations. Includes depreciation and tax calculations in compliance with international accounting standards, budgeting and forecasting facilities, all with multi-lingual capability. Provides total control of the full asset lifecycle for any type of organisation.
Designed for carrying out effective physical audits and reconciliation with the financial asset register. Asset details can be selectively downloaded to PDA scanners using bar coding technology to support the collection and uploading of audited results.
A solution for the necessary control of the capital investment process. Provides integration between purchasing and invoicing, through to capitalisation of work in progress into the asset register. Budgeting, project approval, commitment and expenditure control capability is enhanced to satisfy the requirements of individual organisations.
Handles the full lessee disclosure requirements for finance and operating leases and hire purchase agreements according to IFRS 16 and SSAP 21. Various methods are available for allocating finance charges to payment periods.
A comprehensive and extremely flexible module that provides for the scheduled and reactive maintenance routines of any organisation. Maintenance costs for all those resources utilised in the servicing and repair of plant and equipment are controlled and analysed as required.
Provides control of engineering maintenance stock items using a variety of stock management methods. Can be integrated within the Plant Maintenance module database if preferred.
IFRS 16 is effective from January 1, 2019. The IASB issued IFRS 16 in January 2016. It replaces the previous standard, IAS 17 leases. IFRS 16 eliminates the classification of leases as either operating or finance leases. Instead, all leases are treated in a similar way to finance leases applying IAS 17.