Toggle Menu

Fixed Assets

 

Simplify Your Asset Management

Manage Fixed Assets from Acquisition to Disposal

WorkWise offers a complete Fixed Asset application developed and supported by our Business Partner, Decision Support Technology, and integrated with WorkWise ERP.

Tracking the status and value of your business’s fixed assets – like furniture, machinery, electronics, buildings and more – throughout their life-cycle can be an intimidating task. The Fixed Assets application helps you accurately track the varied life-cycles of all your fixed assets.

Fixed Assets Features

Simplify your fixed asset management

  • Quick and easy setup with personalized phone support
  • Intelligent data entry wizards
  • Automatic validation of fixed asset depreciation schedule information
  • Flexible data conversion from other packages

Eliminate hidden costs

  • Correct inaccurate fixed asset depreciation calculations
  • Completely depreciate older fixed assets
  • Easily integrate with your General Ledger

Save Time & Money

  • Increase worker productivity
  • Recover lost tax deductions
  • Reduce property tax payments
  • Eliminate unnecessary insurance coverage

Fixed Asset Depreciation Methods

  • MACRS (GDS)
  • Alternative MACRS (ADS)
  • Declining Balance depreciation
  • Sum of the Years Digits
  • Remaining Balance over
  • Straight line depreciation

Additional Fixed Asset Calculations

  • MACRS, 40% Rule Violation
  • Section 179 Deduction
  • Adjustment to Basis
  • Adjustment to Fixed Asset Depreciation
  • Luxury Auto & Truck Limitations
  • Multiple Short Years
  • 30% & 50% Bonus Depreciation for Fixed Assets

Calculate fixed asset depreciation for any period

  • Fixed asset depreciation is automatically calculated at run time
  • Run historical records
  • Generate future projections
  • Complete/partial transfer and disposal

Flexible Data Export

  • All fixed asset reports can be exported to a file
  • File formats include Excel or ASCII file
  • One click selection of each field to export
  • User defined order of export fields
  • Optionally include depreciation schedule data
  • Easily limit output by setting filter(s) on any field(s)
  • Process thousands of records in under 60 seconds

Fixed Assets Benefits

  • Ensure compliance with latest Tax and GAAP Regulations
  • Dynamic depreciation and reports for any time periods
  • Eliminates rounding errors
  • Full audit trail for each asset
  • Standard and Ad Hoc reporting
  • Journal entries created for General Ledger

ERP for the manufacturing industry

WorkWise has been serving the manufacturing industry for over 15 years, and we understand the unique complexities and challenges it faces. Watch this video to learn more about the manufacturing industries we serve.

View All Industries

Ready to Learn More?

Ready to see how our powerful ERP software can benefit your business? Schedule your personalized, one-on-one demo today.

Schedule a Demo