Asset Depreciation
Asset Depreciation
A broad range of depreciation options, parameters and methods to ensure that you meet both your tax and accounting requirements.
Activa systems are designed to be very flexible. Any individual system can be configured to operate one, two, three or more depreciation books. Each of these depreciation books can be configured from a wide choice of reporting date patterns, depreciation methods, depreciation rates and other special parameters to specifically reflect the precise characteristics of an accounting book, a tax book or some such similar requirements.
There is a broad range of depreciation parameters and methods to select from for both tax and accounting type depreciation books. Each depreciation book is further supported by a series of Asset Templates that can be configured to reflect the relevant depreciation conditions for any individual asset class or asset type in the system.
This ensures that when adding an asset to the system, it is the combination of these precise properties that ensures that the system imposes and maintains consistency and compliance to internal policies, accounting standards and local tax legislation.
The underlying design of our software permits us to make fast and efficient changes to program code when new depreciation requirements are legislated or where variations to existing methods are adopted. These changes are always distributed as part of the standard system maintenance and support arrangements and can be downloaded from the Activa e-Support website or requested separately on CD media.
There is a broad range of depreciation parameters and methods to select from for both tax and accounting type depreciation books. Each depreciation book is further supported by a series of Asset Templates that can be configured to reflect the relevant depreciation conditions for any individual asset class or asset type in the system.
This ensures that when adding an asset to the system, it is the combination of these precise properties that ensures that the system imposes and maintains consistency and compliance to internal policies, accounting standards and local tax legislation.
The underlying design of our software permits us to make fast and efficient changes to program code when new depreciation requirements are legislated or where variations to existing methods are adopted. These changes are always distributed as part of the standard system maintenance and support arrangements and can be downloaded from the Activa e-Support website or requested separately on CD media.
Depreciation Options
Flexible configuration options for all fixed assets with a broad range of depreciation methods rates and types.
Depreciation Parameters
A comprehensive set of tools to ensure that you can meet and maintain your depreciation compliance standards
Accounting methods
specific details of available methods used in financial accounting
ATO Compliance
Ensuring that you have the tools to meet your tax obligations without any fuss.
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| Article last updated : Feb 24 2012 10:37AM |  |