FIXED ASSETS
ASCEND’s Fixed Asset application manages costs within a fully-automated system to track assets and reduce time-consuming re-keying of information. The application offers fixed asset management with the capability to sell, dispose, and track assets within your institution. There is an interface to the bank’s GL, with tax reporting, depreciation forecasting, and a complete report writer.
Features:
- Quick asset input with direct invoice and image integration from Accounts Payable
- Class defaults to facilitate GL and tax assignments
- IRS Form 4562 form generation
- Publication 946 compliant
- Flexible reporting by class, location, GL, etc.
- Projection reports by month and year
- Interface to GL for posting depreciation and disposals
- Split assets by percentage or dollar amount

Add-On Solutions
Multi-Company
ASCEND offers an unlimited number of companies or paying institutions in one database. Each company has its own set of users and permissions with the ability to interface to their respective GL.
Inter-Company
When having more than one company, ASCEND allows for an invoice to be paid from one company but split the expense of that invoice to other companies’ GL. This feature saves countless manual entries or tickets.