Fixed Assets for Opera 3 keeps track of your company's assets from initial acquisition through to disposal while tracking their depreciation rates and maintaining the correct value for them. It caters for all types of assets, so you can record details of any Finance or Operating Lease and Hire Purchase or Lease Purchase assets, assets owned by your company and assets of any other type. Depreciation is automatically calculated and deducted until an asset's residual value is reached. Depreciation and disposal details to date can be recorded for assets acquired in previous periods or years. Fixed Assets for Opera 3 can be linked to the Nominal Ledger, with Cost Centre and Advanced Nominal analysis. Fixed Assets also links with Opera 3 Purchase Ledger and Purchase Order Processing so that a new asset will be automatically created when a supplier invoice is posted.

Fixed Assets for Opera 3 maintains a complete register of your company's assets, helping you to stay in control of the resources your company has invested in, avoid misappropriation and make the most of their value by managing them in the most efficient way.

Features

Methods of depreciation: Straight Line Amount, Straight Line Percentage, Reducing Balance, Immediate Write Down, Manual.

Depreciation calculated per period or days in period.

Ability to change depreciation method and backdate depreciation charges.

Optional link to Nominal Ledger with Cost Centre and Advanced Nominal analysis.

Facility to update the Nominal Ledger with the depreciation calculation in real time.

Assets grouped by Categories and Balance Sheet Groups.

Facility to record asset quantities.

Full or partial disposals; disposal methods can be defined by the user.

Ability to create and link sub-assets to an existing asset.

Asset location and reporting facility.

Full or partial asset transfer for locations or cost centres.

Revaluation of current year and prior year assets.

Numbering of assets defined by the user or automatic.

Ability to re-number main assets, with automatic sub-asset numbering.

Facility to enter opening balances for assets acquired in a previous period or year.

Depreciation method, depreciation rate and category override facility.

Facility to record finance, supplier and insurance details.

Reports included: Additions report, Depreciation forecast report, Disposals/Transfers reports, extensive audit trails, Statutory Movement report.

Previous year depreciation and revaluation.

Report on depreciation charges for up to 24 Nominal periods.

Integration with Purchase Order Processing, Purchase Ledger and PIR for automated asset creation from the supplier invoice.