Fixed Assets
PNet's Fixed Assets Module is a 32 bit, Client/Server application which features: exceptional data import/export, user definable data entry forms, 23 standard reports with preview, print and file options, custom report wizard, powerful query/drill down wizard, user definable browse and query to view multiple asset records, robust security down to the field/report level, non-standard accounting periods such as 4-4-5 week or 13 periods, complete and partial transfers and disposals, supports all U.S. Tax and GAAP depreciation methods, including units of production and is fully GASB Statement 34 compliant. This Module is scalable from to hundreds to hundreds of thousands of asset records.

The PNet Fixed Assets Module can help manage business assets, control costs, maximize tax savings and meet corporate reporting requirements.

Features Include:

• 130 Character General Ledger Code
• 27 Sort Fields
• 22 User Definable Fields with Data Type and Length Customization
• 23 Standard Reports
• Report Writer for Custom Reports
• 4×4×5 Week or 13 Period Accounting
• Powerful Query using plain English rather than Cryptic Names & Symbols
• Asset Disposal and/or Transfer
• Data Entry Templates

Depreciation Methods Supported:

• Alternative MACRS (ADS)
• ACRS
• Alternative ACRS (AACRS)
• Straight Line
• Straight Line over Remaining NBV
• Declining Balance - 125%, 150%, 175%, 200%
• Sum-of-the-year's Digits
• Canadian Tax Code
• Custom Depreciation Tables
• Units of Production - Mining & Manufacturing