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Fixed Asset Depreciation


Fixed Asset Depreciation

The Fixed Asset Depreciation extension package builds on the free Fixed Asset package and brings integration with the General Ledger. This package is designed to automate the calculation and posting of depreciation and give you much greater visibility over the value of your Fixed Assets. Rather than having a few G/L accounts holding a summarised asset value, now you can report on the specific make up of your asset value by each asset.

Purchase Fixed Assets via the Bank or via Accounts Payable and that purchase will be accounted for in the G/L and/or in Accounts Payable. Sell or scrap Fixed Assets also posts the appropriate General Ledger transactions.

With Fixed Asset Depreciation you define the depreciation method and calculation percentages by Asset Type and the package will then automatically calculate the monthly or annual depreciation expense. Once satisfied those entries are posted directly to the G/L without the need to manually enter journals. Asset Value, Accumulated Depreciation, Gain/Loss on Sale, Depreciation Expense and Scrap Expense are all managed via this extension package.

Depreciation expense calculations can also be scheduled automatically using the xtConnect package.

Please note this package requires the free Fixed Asset package to be previously installed. The Fixed Asset packages requires xTuple version 3.6.

When you purchase Fixed Asset Depreciation you will receive a file called FixedAssetDepreciation-1.5.1.zip, which includes the following components:

  • Fixed Asset Maintenance package (assetdepn-1.5.0.gz)
  • Free Fixed Asset package (asset-1.5.1.gz)

To install the Fixed Asset package files (which have a .gz extension), you'll need to use the free Updater application. You can read tips for using the Updater on xTuple.org.

To get support for Fixed Assets, please use the Fixed Assets support forum here: http://www.xtuple.org/forum/167.

Those purchasing this module are entitled to ongoing free maintenance for the life of this version. If you have purchased an earlier version of the package and wish to receive an update, please contact us.

Price: $495.00