PASS Finance: Fixed Assets

Benefit from an integrated fixed asset register

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Fixed Assets module

Maintain an integrated fixed asset register as part of your school accounting system.

Summary

Current accounting standards require the maintenance of comprehensive records for all assets held by independent schools. Designed as an extension to the PASS Finance system, this software will prove a useful aid to management.

Key Features

  • Allows for multiple depreciation rates on a reducing balance or straight line basis over monthly / quarterly / or annual periods
  • Automatic links to asset and depreciation nominal accounts
  • Provides for asset categorisation by type, department  and person responsible
  • For each asset the following items can be recorded:
    • Description, date and period of purchase
    • Asset type; model; serial number; location; condition; supplier; staff responsible; photo; replacement date; etc
    • Depreciation rate; method; frequency
    • Original value
    • Previous year’s figures
    • Opening valuation
    • Current year figures and depreciation
    • Current valuation
  • Comprehensive asset reporting
  • On-screen inquiry to transactions
  • Quick key transfer of data to MS Excel
  • Full audit trail for all additions and sales plus depreciation applied.
Further information

PASS Finance

Our Customers

{} Clare Butcher, Accounts Manager, Abingdon School

Clare Butcher, Accounts Manager, Abingdon School

“We moved to PASS in 2006, following just one year using a system that turned...

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Choosing an MIS

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