Fixed Assets

This is an advanced module which can be purchase individually or with other advanced modules to complement the MCA core accounting package.  It integrates fully with all relevant MCA modules.

The Fixed Asset register allows key information relating to the asset base of the business to be recorded, such as financial data, location and depreciation.  Depreciation methods can be defined for each individual asset or by asset group/subgroup, allowing the system to automatically compute monthly depreciation and post it to the Nominal and Contract Ledgers. 

As with all MCA modules, functionality has been included wherever possible to reduced administrative time.  Automation offers time and cost savings by replacing the manual processing involved in maintaining external spreadsheets and eliminating the manual posting of depreciation journals to MCA. 

The module includes the following functionality:

• Analysis by asset types or locations 
• Asset database
• Financial Data
• Multiple locations can be held and maintained
• Depreciation methods include straight line, written down amount, specified value and reducing balance
• Facilitates “What if” depreciation calculations against asset/type
• Inventory listings by department
• Profit/loss on disposal report
• Year end asset reporting
• Complete audit history

Reporting

As with all MCA modules, extensive reporting in multiple formats is available.  Our Fixed Asset module includes all required reports such as; the asset register and supporting schedules, the additions and disposals schedules, depreciation reports and assets at given locations.  Bespoke reports can also be set up and saved to ensure your exact requirements are met.  All reports can be stored as PDF documents and also include a “1-Click” to Excel feature.

A key feature within MCA is our complete transaction archive, this means that no transaction is ever deleted and a full audit trail is available for every transaction.  This also enables retrospective reporting to be run.