In this course, you'll learn about fixed assets in SunSystems V6.4. Technically, you'll learn to record the details, enter the initial values through Ledger Accounting, depreciate the value, dispose of the asset or run Asset Inquiries and Reports.
Take financial control of your organisation’s assets with the SunSystems Fixed Assets module. Check out this GEN-6 and learn everything you need to know to effectively and accurately record the acquisitions, disposals, values, and quantities of your valuable assets.
Who should take this course?
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!
About GEN-6- Infor SunSystems v6.4 Fixed Assets
Asset Management
Effective fixed asset management is crucial for companies to maintain accurate financial records, plan for capital expenditures, and comply with accounting standards.
It can also improve operational efficiency and reduce costs by preventing unnecessary maintenance and replacement expenses.
Infor Systems
This GEN-6 course is designed to equip individuals with the knowledge and skills to manage a company's long-term assets using Infor SunSystems.
In this course, you will learn the following:
· The SunSystems Fixed Asset Register
· The life cycle of an asset
Recording details of a fixed asset
Entering the initial values of a fixed asset
Running depreciation for a fixed asset
Disposing of fixed assets
Asset budgeting
Running asset inquiries and generating reports
Master every single step of recording newly acquired tangible and intangible fixed assets and gain a complete overview of your valuables with this SunSystems Fixed Assets function and this GEN-6.
Master the tools you need to fully manage the complete life cycle of your asset with these following chapters.
Chapter 1 – Welcome
Chapter 2 – Foundation
This chapter delves into the fundamentals, from logging in and out of the system to resetting your password and other nifty tricks.
Chapter 3 – Fixed Asset Register
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.
Chapter 4 – Asset Budgets
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.
Chapter 5 – Running Reports
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.