Features - WorthIT Fixed Assets V11 - Unparalleled versatility and depth of features in fixed assets management.

Features and Capabilities

Depreciation and financial accounting is the foundation of WorthIT. With WorthIT, you can:

Support popular depreciation methods, or design your own custom method
Maintain multiple companies & multiple depreciation profiles
Effect single or group asset transfers and pro-rate costs
Perform and track partial or whole disposals, including simulations to determine potential gain or loss on disposal
Enter adjustments and reversing entries
Preview depreciation registers separately from posting
Prepare automatic posting vouchers to your G/L account structure
And much more….

Administrative control over authorized users and access passwords
Ability to assign each user unique access and function/task permission
History tracking of last user activity such as adding assets or changing asset detail

Project future depreciation charges – Evaluate how proposed investments impact future depreciation costs
Monitor depreciation costs against budgets – Track actual acquisition and depreciation costs against budgets to identify and evaluate potential problem areas and cost overruns

Financial Inquiry – You’re just one click away from viewing an asset’s entire depreciation and financial history
Snapshot – View asset highlights or drill down to the minutest transactional records for any asset
Insurance Planning – Analyze insured assets per policy to ensure appropriate coverage based on asset mix and current values
Maintenance Scheduling – Plan resource availability and schedule downtown using the Next Service Date Feature
Memo Manager – Record free-form information and notes against any transaction to document precisely why certain actions, such as premature disposals, transpired

Monitor repair history
Identify recurring and common service problems affecting assets
Schedule preventative maintenance for major equipment and minimize unplanned and costly downtime
Assign assets to maintenance agreements and evaluate coverage
Capitalize major service costs for depreciation

For assets such as IT equipment, Folder gives you the ability to list components and attributes (Memory, Storage etc.) to better understand your asset mix
Describe performance attributes and characteristics of special equipment
Locate and classify assets matching performance attributes to make informed purchase decisions

Allocate costs by project, work-in-progress and special activitities and closely monitor big ticket expenditures
Keep a history of all transactions and maintain detailed work-in-progress records for cost analysis and control
Capitalize major costs for depreciation