The failure of the company to track acquisition, transfer, payment, and disposal of assets resulted to overpayments of thousands, either to the party or to government through taxes. These situations happen due to the poor management of assets in depreciation and in evaluation. Saged Fixed Assets is developed on the principle of keeping up with the demands on the fixed asset management, which could affect the overall accounting and financial standing within the business or organization.
Roughly, there are over 50 methods of calculating and tracking assets that are embedded in Saged Fixed Assets for asset depreciation. Some of these methods are straight line, ACRS, modified-straight line, declining balance, and even user-defined. These fixed asset track methods are incorporated in Saged Fixed Assets to meet demands and needs of various industries and companies with regards to business models and sizes. Across the board, profit, non-profit, and government organizations can use Saged to increase the comprehensiveness of financial and accounting solutions.
Saged Fixed Asset offers completeness and reliability with its powerful easy-to-use and simplified interface. To streamline business operations and develop an easy to target fixed asset management, financial and accounting activities are drawn to include accounting, inventory and reporting applications and functionalities. Integration and employment of these functionalities and modules can accurately help to guide business managers in reaching a thorough understanding of the current fixed asset.
With the question on accounting standards, Saged Fixed Assets is approved and utilized by the Big Four accounting firms, including Ernst and Young. Accounting procedures and standards are met and considered for the application of Saged Assets and in its outlay for the best benefit to the business. In fact, it correlates with the General Ledger or any accounting software used by the organization or business.
Saged Fixed Assets works on four basic applications. First, the Depreciation functionality of the business solution provides a simpler method of updating and tracking down the fixed asset life cycle. From the time of acquisition, in transfers and disposals, to the maintenance of the asset, it is easier for the business management to use quantitative and qualitative data to track cost and expenses. Effective reporting method allows the business to interact and gather intensive data or information before the decision-making process.
Second, from time to time, the business acquires and sells assets. Saged Fixed Assets allow the business manager to track the asset before it is being transferred to fixed asset section. Budget variance, project details, and business statuses are easily tracked down with the aid of the Saged to ensure planning effectively.
To ensure full and total control over the business, it is necessary to get actual and real time reports on asset concern. Tax management, depreciation adjustments, and data integration to other point values of the accounting process are part of the concerns the business can benefit from the Planning capability of Saged Fixed Assets. In the same manner, it is easier for the business to track inventories and business assets to reconcile data or information.
