Data Sheets

Fixed Assets

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1 Complete, flexible, and automated asset management system Track accounting and tax depreciation • Asset acquisition. Streamline asset acquisition by recognizing assets directly from the Purchasing, Accounts Payable and Cash Management modules. Create multiple assets from the same AP Bill. • Asset depreciation. Set up automated, recurring depreciation entries, and calculate financial and tax depreciation with a predefined depreciation method or your own formula. • Expense capitalization. Capitalize expenses, like leasehold improvements, and convert them to fixed assets to be depreciated when put into service. Gain control over fixed assets • Asset register management. Manage and safeguard your central asset register, which includes multi-currency, multi-location, and depreciating and nondepreciating assets. Easily identify assets with unique tags, photos and supporting documents. • Asset tracking and reporting. Keep tabs on asset information including condition, insurance status and maintenance logs. • World-class cloud security. Be confident about the safety of your data with world-class security, cloud backups and disaster recovery. Organizations need simplified and accurate accounting through the fixed asset management lifecycle. However, most companies have multiple sets of asset- acquisition, depreciation and disposal information. Managing siloed information means the finance team is spending more time than they would like on manual processes. In contrast, customers using Sage Intacct's soware saved 200-400 hours of AP and reporting time annually. D a t a s h e e t Fixed Asset Soware Merges with core accounting functions in a complete, flexible, and automated asset management system. Bay County Medical Care Facility (BCMCF) is a government owned and operated skilled nursing facility that used Sage Intacct to prepare its first ever facility-wide fixed asset inventory. They improved reporting accuracy by 70%, slashed their monthly close cycle by 90%, and were able to increase gross margin by 50%.

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