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.
Integrates directly from Accounts Payable with images
GAAP, Federal, AMT and State depreciation methods available
IRS 4562 form generation
Runs reports by classification and location
Interface to GL for posting depreciation
Interface to GL for disposing of assets
Integrates disposed assets reversal entry with your GL
Asset split by percentage or dollar amount
Ability to update cost, next deprecation amount and accumulated depreciation at any point of the asset’s life
Establish full defaults for all asset classes’
Retrieves projection reports for budgeting purposes by month and by quarter
Multiple monthly depreciation reports
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 General Ledgers.
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.
Request a Demo
Please fill in your details below and one of our representatives will get back to you as soon as possible.