When adding a new asset, the system previously required that a "Depreciated Upto Date" be entered, whereby the date entered had to be the last day of the fiscal period for which assets were last depreciated.  This is no longer the case.  Now when a new asset is added, (that has not been depreciated), no date should be entered.  The Asset Maintenance routines have been revised accordingly.  Also, the Asset Depreciation function has been revised so that these new assets will be correctly depreciated.   (July-15-2010)

A new code has been introduced into the Fixed Asset system.  A "Class Group Code" may be created which is basically used to categorize assets for Canadian Depreciation methods.  Codes are defined in a format of XXX-PPPPPP-9999, where XXX is one of the Canadian Tax Classes, PPPPPP is a  user defined code, and 9999 may be used to indicate the year in which the asset was put into service.  Assets that have a Class Group Code assigned will automatically use a Declining Balance Depreciation method.  For each Class Group code defined, you may specify the % that is to be applied in the 1st year, and in subsequent years.   (July-15-2010)

A new function has been introduced that provides the ability to import Master Asset and Asset Entity record data into the system.  It provides for new Assets to be loaded, or for existing Assets to be updated.   The data loaded may be a tab-delimited file, a CSV file, or an Excel spreadsheet.   (June-02-2010)

If an asset has been fully depreciated, but had a Salvage Value, you may edit the Salvage Value and (for Straight Line methods), set an "Adjusted Life Left".  If this change resulted in a non-zero Net Book Value, you would hope that it would be depreciated, the next time Depreciations are computed.  However, if you don't set the "Depreciated Up-To Date" to the day just prior to the Current Period's starting date, this would not occur.

The Asset Maintenance routine has been enhanced to advise the operator that if the Salvage Amount, or the Adjusted Life Left is changed, that results in a Net Book Value, then they should also edit the Depreciated Up-To date.   (Jan-29-2010)

Assets defined with a Straight Line Depreciation having an "Adjusted Life Left" and a Net Book Value, were not being depreciated.  The problem has been fixed.   (Jan-29-2010)

A new function has been introduced to the pop-up menu that is presented when a given Asset, row of the grid display, is right-clicked.  The function Select Asset for Disposal may be chosen to have the given Asset recorded to be disposed of.  A record will be written into the Asset Disposal transaction file.  By default, it will be recorded with it's Reason for Disposition as "Abandoned", and with ZERO Proceeds amount. The asset is not actually disposed of until the Disposal of Assets operation is evoked, and the Post function executed.  The properties of the disposed asset may be changed prior to them being posted.   (Dec-18-2009)

When exporting F/A Distributions, the option to have the resulting file emailed was defaulting as being set.  This has been changed so the default is not to email the exported file.   (Dec-12-2009)

For those functions that export data to Excel spreadsheets, the following enhancements have been made:

The following applications have been revised accordingly (Dec-11-2009) :

When exporting Asset properties the "Date Purchased" field was not being output correctly.  The problem has been fixed. (Dec-10-2009)

It is now possible to edit an Asset's Asset Code.  Previously, once an asset was added to the system, it was not possible to change the code that was assigned. (April-27-2009)

The grid that displays the list of Assets in the Asset Codes Maintenance function has been revised.  It now displays Asset Code, Suppler, Description and Serial Number as the 1st four columns.  Also the "Detailed" Asset report now includes the Suppler Name for each Asset.   (March-18-2009)

The Fixed Assets system now has On-Line Help.  You can access these help files from the application's screens or menu bars. (Aug-2008)