Asset Register

As with all the modules in Whistlebrook Financials, the Asset Register is fully integrated with automated postings into both the Nominal Ledger and Sales Ledger.

• Straight line and reducing balance depreciation
• Reporting by asset category
• Adjustment, revaluation, sale and write-off transactions
• Full on-line enquiry
• Year end statutory report

All assets are allocated to user-defined asset categories. Asset categories provide a convenient way to sub-divide reports and provide sub-totals for reconciliation. It is normal, in this respect for these asset categories to reflect your nominal ledger categories.

A full on-line history of all transactions against each asset is maintained by the system. Individual transactions can be selected so that the details of the nominal ledger journal or sales ledger invoice can be seen.

You can revalue assets at any time and the revaluation will be reflected immediately in both the asset register and the nominal ledger. The same is true for write-offs and sales where the sale transaction will also update the sales ledger.

A full set of reports is available, including:

• Depreciation report (which can be run retrospectively)
• Disposals report
• Revaluation report
• Asset Register report
• Year End Statutory report