Sage MIP Fund Accounting Fixed Assets Module

The Fixed Assets module provides your organization with a powerful tool for tracking assets, easily calculating depreciation, and automatically allocating depreciation and disposal entries in the general ledger.

• Comprehensive asset records—Maintain detailed records of fixed assets, including standard asset fields such as cost and estimated useful life, plus additional tracking fields such as tag number, location, responsibility, warranties, purchase information and notes. Attach important documents such as warranties, original invoice or digital image of the item to asset records for complete asset management.
• Save time and avoid duplication of effort with Quick Asset Entry—Enter fixed assets on-the-fly while recording purchase entries with the quick asset entry feature.
• Flexible depreciation—Use the standard depreciation methods such as straight line, declining balance and more. These are included in the system or you can create your own. Set the depreciation interval and perform calculations on your schedule. Create historical transactions and record adjustments. cord adjustments.
• Generate distributed entries—Generate accurate, distributed entries for the general ledger. Distribute depreciation across programs, departments, and more using percentages, fixed amounts or units such as square footage. Post allocated depreciation in detail by asset or as summarized amounts.