Microsoft Great Plains FA: Fixed Assets – Overview for Consultants
 by: Vincent Ong

Microsoft Business Solutions Great Plains is marketed for mid-size companies as well as Navision (which has very good positions in Europe and emerging markets where it can be easily localized).

Great Plains Fixed Assets Management module is a robust tool that can help you manage your assets effectively. It integrates perfectly with other Great Plains modules like General Ledger, Purchase Order Processing, and Payables Management ensuring accuracy while reducing redundant data entry.

As with other Great Plains modules, save time and money by utilizing classes or groups to make mass changes. This is useful for depreciating, retiring, or simply changing the information for a set of assets with a single click. Great Plains' intuitive graphical user interface makes it easy to access supporting data on assets, books, etc. The latest versions of Great Plains Fixed Asset also comes with a total of 16 depreciation methods covering diverse industries for compatibility with company preferences. You also have the option to back depreciation out, recalculate, add additional depreciable amount, and project depreciation for years ahead for any number of assets in your book.

Features:

    * Easy Asset Setup – Create and manage and unlimited number of books of assets for each company, including corporate, federal tax, alternative minimum tax, and more.

    * Customized Setup – Add up to 15 user-defined fields to track any industry-specific information that you need. You can also set defaults and formats to meet business needs.

    * Asset Tracking– Track comprehensive information about assets using standard or user-defined fields, in multiple quantities or by an asset component like master ID number or asset suffix.

    * Asset Classes – Define asset classes to set defaults for a group of assets, as well as set characteristics such as depreciation or asset retirement for multiple assets at one time.

    * Averaging Conventions – Utilize a variety of averaging conventions for managing assets including averaging by half year, mid quarter, full month, full period, full year, and others.

    * Depreciation Management - Use any of 16 depreciation methods such as straight line, remaining life, and amortization, and forecast your depreciation expenses for budgetary work.

    * Asset Review– View and analyze in-depth information about assets on-screen including asset account, lease, insurance, or user data, or drill down to the originating transaction to look at greater detail.

    * Asset Manipulation – Manage assets with powerful tools for adding or changing assets such as retirement, transferals, and making mass changes to multiple assets.

    * Reporting Flexibility – Share information with a wide variety of standard reports such as depreciation ledgers, property transfer, inventory list, and asset retirements. Create custom reports using SmartList, Report Writer, and Crystal Reports.

Good luck with implementation, customization and integration and if you have issues or concerns – we are here to help! If you want us to do the job - give us a call 1-630-961-5918 or 1-866-528-0577! [email protected]

About The Author

Vincent Ong is a Great Plains specialist in Alba Spectrum Technologies (http://www.albaspectrum.com) – USA nationwide Great Plains, Microsoft CRM customization company, serving clients in Chicago, Houston, Atlanta, Phoenix, New York, Los Angeles, San Francisco, San Diego, Miami, New Orleans, Toronto, Montreal and having locations in multiple states and internationally