VillageMall has delivered the first integrated Asset management system. Integration with purchase, sales and BAS modules ensures that the items are correctly process at entry time, how often do you have to move those items between assets and expenses. 

The introduction of the new Simplified Tax System, from 1st July 2001, enables a more automated asset management system to be developed. VillageMall WebLedger was the first Accounting system to meet these new requirements.

If you have an add-on asset system how often does it agree with your accountants system? WebLedger in association with your accountant can finally solve these problems and allow you to get on with Your Business.

Highlights

Set-up

• Unlimited assets
• Depreciation methods include prime-cost, diminishing value, full and, no depreciation
• Auto set-up for all entries under simplified tax system
• Handles collection of all mandatory information for tax depreciation returns
• Support for book and tax depreciation.

Asset Entry

• Integrated with Purchase, Sales and BAS Modules

Transactions

• Support for new tax system "low value pools"
• Activities include: Buy, Write-off, Revalue, Set Private use, Depreciation, , and Transfer to low value pool

Routines

• Depreciate assets at any period.
• Depreciate one or individual assets at any period
• Depreciation projections for any period
• Fixed asset entries post to General Ledger

Inquiry

• Review asset and financial information at any point in an asset's life
• Drill down to underlying depreciation detail