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The ACS Fixed Assets module is a management system in which you can keep track of valuable items and equipment. Your organization's fixed assets represent a large financial investment. The cost of acquiring, maintaining, and replacing these assets, along with depreciation expense, have a substantial effect on your financial growth. Managing these assets as simply and easily as possible is critical. The ACS Fixed Assets module provides the tools to accomplish this.
In Fixed Assets, you can create lists of specific items in your inventory. For each asset, you can record important information such as acquisition date, cost, maintenance, and useful life. You can then print reports based on the entered information.
You can also select from among various depreciation methods, or create your own depreciation table. ACS can then calculate the depreciation and post it to the general ledger.