The
Fixed Assets (FA) application can be set up
to
maintain asset records and process transactions
using three workbenches for assets, mass additions,
and tax in BusinessBackbone.
The main features of Fixed Assets include the
following:
- The capability to
create, maintain, and retire fixed asset
records.
- Asset physical inventory.
- The capability to compute
and maintain depreciation calculations.
- Depreciation and asset
transaction journal entries to GL.
- Tax accounting.
- Capital budgeting.
- Asset listings and
construction in progress reports.
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