As a Fixed Asset Accountant, you play a crucial role in maintaining accurate financial records of your organisation's tangible assets. But with rapidly evolving accounting standards and technology, it is essential to stay up-to-date with the latest industry trends and best practices.
That is why we highly recommend the GEN-6 course, designed specifically for fixed asset accountants like you.
This course will provide you with comprehensive training on how to utilise SunSystems and its fixed asset module to optimise your asset management processes.
Check out the GEN-6 course today!
Master the tools you need to fully manage the complete life cycle of your asset with these following chapters.
This chapter delves into the fundamentals, from logging in and out of the system to resetting your password and other nifty tricks.
The Fixed Asset Register module allows you to hold descriptive and quantitative details of your assets, including details of their acquisition, budget, disposal, depreciation, and other relevant information. Let's learn what this multi-currencies and multi-depreciation method solution can do with your asset management process in this chapter.
Let's delve into the foundation of asset budgeting in SunSystems in this chapter, where you will take a closer look at the essential details to include, examine the steps involved in modifying budgets, and explore how to create and post an asset budget journal. Additionally, we'll go over the crucial process of calculating asset depreciation.
In this chapter, you will learn how to get an update on the current status of your assets, any inconsistencies in the asset register, gross value, net book value, accumulated depreciation of an asset, etc. via a variety of SunSystems' functions such as Asset Inquiry, Asset Record, Asseet Status Listing, and Asset Register Listing for Budgets. And if that seems a bit too complicated, don't worry! This chapter also shows you how to use report templates to simplify the reporting process.
When a company acquires an asset, the fixed asset life cycle begins.
SunSystems Fixed Asset Register is a fully integrated module that provides all the tools needed to manage the entire asset life cycle. It is a powerful module that supports multiple currencies and depreciation methods.
As you enter ledger transactions in the Financials module, the Fixed Assets module automatically updates asset values and quantities for easy tracking. SunSystems Fixed Asset can also automate the asset disposal process while generating relevant disposal postings.
The course will also detail steps for inquiring about an asset's condition and value for better planning and meeting your business requirements. Learn all this and more, including how you can evaluate budgets, forecast depreciation, and run what-if scenarios with this GEN-6.
Introduction
Login
Logout
Change Password
Change Business Unit
Home Page & Navigation
Learning Check
Chapter Introduction
FREE PREVIEWLife Cycle of an asset
FREE PREVIEWAsset Records
Asset Notes
Asset Posting Presets
Hands-on: Fixed Asset Register (Record Asset Records, Asset Notes, Asset Posting Preset)
Hands-on: Fixed Asset Register (Record Asset Records, Asset Notes, Asset Posting Preset) with instructions
Asset Class
Hands-on: Fixed Asset Register (Record Asset Class)
Hands-on: Fixed Asset Register (Record Asset Class) with instructions
Create and Post an Asset Journal
Hands-on: Fixed Asset Register (Create, Post an Asset Journal)
Hands-on: Fixed Asset Register (Create, Post an Asset Journal with instructions)
Import an Asset Journal via Infor Q&A
Hands-on: Fixed Asset Register (Import a Fixed Asset Journal via Infor Q&A)
Hands-on: Fixed Asset Register (Import a Fixed Asset Journal via Infor Q&A) with instructions
Asset Depreciation Calculation
FREE PREVIEWHands-on: Fixed Asset Register (Asset Depreciation Calculation)
FREE PREVIEWHands-on: Fixed Asset Register (Asset Depreciation Calculation) with instructions
Mark an Asset for disposal in Asset Records
Hands-on: Fixed Asset Register (Mark an Asset for disposal in Asset Records)
Hands-on: Fixed Asset Register (Mark an Asset for disposal in Asset Records) with instructions
Asset Disposal Selection
Hands-on: Fixed Asset Register (Asset Disposal Selection)
Hands-on: Fixed Asset Register (Asset Disposal Selection) with instructions
Asset Disposal
Hands-on: Fixed Asset Register (Asset Disposal)
Hands-on: Fixed Asset Register (Asset Disposal) with instructions
Learning Check
Chapter Introduction
FREE PREVIEWAsset Budget Details
FREE PREVIEWHands-on: Asset Budgets (Asset Budget Details)
Hands-on: Asset Budgets (Asset Budget Details) with instructions
Change Budget
Hands-on: Asset Budgets (Change Budget)
Hands-on: Asset Budgets (Change Budget) with instructions
Create and Post an Asset Budget Journal
Hands-on: Asset Budgets (Create, Post an Asset Budget Journal)
Hands-on: Asset Budgets (Create, Post an Asset Budget Journal) with instructions
Asset Depreciation Calculation on Budget
Hands-on: Asset Budgets (Asset Depreciation Calculation on Budget)
Hands-on: Asset Budgets (Asset Depreciation Calculation on Budget) with instructions
Learning Check
Chapter Introduction
FREE PREVIEWAsset Inquiry
FREE PREVIEWHands-on: Running Reports (Asset Inquiry)
Hands-on: Running Reports (Asset Inquiry) with instructions
Asset Record Setup
Hands-on: Running Reports (Asset Record Setup)
Hands-on: Running Reports (Asset Record Setup) with instructions
Asset Status Listing
Hands-on: Running Reports (Asset Status Listing)
Hands-on: Running Reports (Asset Status Listing) with instructions
Asset Register Listing for Budgets
Hands-on: Running Reports (Asset Register Listing for Budgets)
Hands-on: Running Reports (Asset Register Listing for Budgets) with instructions
Learning Check
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