Promptu Fixed Assets IFRS

Key Features Multiple Amortization Method: straight Line, declining balance, and multiple declinging balance depreciation calculations. Componentization: Record each component of the asset separately. Tracking Changes at the Component Level: Account for changes in estimates (i.e. change in useful life, residual value, depreciation method).Component Addition and Disposal:Account for component additions and disposals. Calculate gains or loss from components disposal or sale. Impairment Addition and Reversal: Record impairment and reverse previously record impairment. Rich Reporting Capabilities: Generate fixed assets continuity reports on demand for any period (including past and subsequent periods). Multi-Company Support: Add as many companies, subsidiaries or clients as needed with the ability to manage and report each subsidiarys assets separately.Accurate Component Depreciation: Calculate depreciation for each component separately.