MIP Fixed Assets: Improve Efficiency & Ensure Compliance
Sound Fixed Assets policies are important for every organization. This includes keeping track of asset inventory, ensuring all appropriate assets are capitalized, accurately calculating depreciation, and efficiently recording acquisitions and disposals. Using manual or spreadsheet-based methods to manage your fixed assets can often lead to errors and omissions, or worse yet, comments from auditors.
Watch this on-demand webinar to see the MIP Fixed Assets module in action and determine whether it’s the right solution for your organization. MIP’s fully integrated Fixed Assets module will provide the ideal platform for:
- Accurately recording your complete Fixed Assets inventory, including fullydepreciated assets
- Automatically calculating and allocating depreciation expense
- Capturing new asset acquisitions directly in Accounts Payable or Purchasing
- Efficiently managing asset disposals including calculations of gain/loss
- Capture relevant details and supporting documentation for each asset including warranty, maintenance details, location, custodian, condition and images of the assets
- Comprehensive and flexible reporting related to Fixed Assets