The next upgrade of CounterAct, will include an integrated asset register.
The register holds details of the fixed assets, calculates the monthly depreciation and posts the depreciation to the system's nominal ledger. A detailed asset register report is also included in the upgrade.
Assets may be assigned to groups so depreciation rates can be set against multiple assets with the option of straight line or reducing balance.
The asset register lists each asset, showing the date acquired, capital value, depreciation for previous years, depreciation for the current year and the written down value. These values are totaled by asset group, and by section and cost centre according to the selections made. The register may include or exclude disposed assets, and a separate register may be produced for disposed assets.
All users will receive this upgrade in CounterAct release 2-3D.