Asset Management for Sage Accpac ERP
When integrated with Sage Accpac ERP, Norming Asset Management is “a powerful and complete asset management solution”. Asset Management is a combination of management, financials, economic, engineering, operational and best practices applied to physical assets with an objective of providing the required level of services in the most cost effective manner.  Due to increased demands from new regulations and policies an asset management system could assist in facilitating data and the financial planning resulting in a positive institutional change to community assets management. Subsequently leading to:
1. improved services and performances,
2. more accurate financial planning,
3. reduces life cycle costs & expenditures
4. and increased returns on investments.
Norming Asset Management is IFRS compliant (revaluation, impairment, assessments, valuing foreign currency nonmonetary items, restatement of property) and fully integrates with Sage Accpac (SM GL, AP, IC, AR, & PO).
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Supports various deprecation methods |
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Straight Line |
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Declining Balance |
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Sum-of-Year-Digits |
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Units of Production |
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Us deprecation rules |
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Asset Leasing |
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Set up lease rates for assets |
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Maintain lease contract and billing schedule |
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Automatically recognize lease revenue |
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Create AR invoice for lease billing transaction |
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Track asset lease history and billing schedule |
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Asset Tracking |
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Print asset label with barcode |
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Interface with barcode scanner |
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Update the asset status and location with scanner |
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Track asset assignment and return with employee |
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Schedule asset assignment |
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Asset Inquiry and Reporting |
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Drill down from GL, AR, AP to asset transactions |
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Search asset by category, group, cost center or location |
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Complete and up-to-date asset information |
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Review asset activities and original transaction |
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Check component assets of master asset |
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Complete fixed asset schedule reports |
Let us share with you the Principals of Asset Management, inventory tools, financial requirements, useful templates and how to implement an Asset Management Plan.
Sources:
Norming Asset Management
