Include your monthly depreciation and Hire Purchase interest for accurate and timely Profit and Loss reports with minimal effort using Infoware’s Fixed Assets register. Attach all your associated documents including HP or lease agreements for easy and quick retrieval.
Including more advanced functionality:
- Hire Purchase/Lease register with repayment schedules including principal and interest components and forecasts for budgeting. Automatically generate repayment journals for accurate interest expense figures.
- Better align actual asset effective life with separate schedules for Management and Tax depreciation calculations with different depreciation rates and methods.
- Retrospective depreciation schedules allowing for those late adjustments from external accountants.
- Parent assets for grouping and consolidated reporting of many child assets.
- Easily locate and retrieve associated asset documents such as purchase contracts and invoices.