ASSET MANAGEMENT
QMUZIK PROVIDES COMPREHENSIVE FUNCTIONALITY TO
MANAGE
ASSETS.
ASSET
MANAGEMENT
INTEGRATES
SEAMLESSLY WITH OTHER BUSINESS FUNCTIONS SUCH AS
FINANCIALS, WORKFLOW AND OTHERS. THE FOLLOWING IS
PROVIDED:
•
Asset Acquisition: Capital assets may be procured either
through purchase orders or through capitalising of
projects via hand journals. Purchase orders are fully
backed by authorised requisitions and adhere to
divisional/cost centre capital approval limits.
•
Asset Grouping & Structures: Unlimited asset groupings,
parent-child asset relationships and multi-level serialised
asset component structures provide complete visibility of
asset characteristics to facilitate maintenance activities
and financial analysis.
•
Asset Location & Tagging: Various tag types can be
allocated to an asset (Barcode, Label, Radio Frequency
ID, etc.) Assets can be allocated and tracked within
specified zone and location structures.
•
Asset Responsibility Roles: Various responsibilities linked to
an asset (e.g. asset controller, beneficiary who pays the
depreciation costs, responsible person tracking the
physical location and quantity, asset counter, asset loan
requestor, etc.)
•
Asset Loan: Workflow enabled loan and control of
specific assets with formal request, approval and checkin/checkout responsibilities.
•
Asset Count: Record assets count results with location
and quantity confirmation.
•
Asset Adjustments: Take-on-value amount changes are
allowed and adjustments for depreciation differences
are posted on the next depreciation run.
•
Book value adjustments (Impairments) can be made and
GL entries can be specified for the revaluation journals.
•
Asset Depreciation Runs: Automated simulation and live
depreciation runs which produce real time journals.
•
Asset Depreciation Methods: Can define an unlimited
number of depreciation methods - straight line, reducing
balance & scheduled depreciation (Flexible matrix with
percentage for each period over lifecycle of asset).
Depreciation runs with simulation functionality exist and
produce real-time journals.
•
Asset Financial History: Complete visibility of financial
history for each asset with applicable depreciation
entries, adjustments, disposal detail etc.
•
Asset Status: Complete tracking of Asset through lifecycle
– active, inactive, held for sale, disposed or scrapped
assets with automated journal entries.
Qmuzik Technologies (Pty) Ltd l Trentbridge Office Park l
c/o Von Willich Ave & Leonie St l Centurion l
Tel: 012 640 3500 l Fax: 012 640 3511 l info@qmuzik.com l www.qmuzik.com
•
Asset Bulk Review: Bulk function available for annual
review purposes to easily update useful life, residual
values, book value, replacement values, insurance
values, and depreciation methods. Automated journal
entries are processed for each update record. Detail
history records are visible with each review/adjustment.
•
Asset Tax vs. Accounting Values: Detail tax information
available similar to all accounting values for wear and
tear purposes.
2014 asset management.docx
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