palladium + ACCOUNTING a “ ng si eS) This document will assist you in understanding and setting up the Palladium Fixed Assets Module in the Palladium Enterprise Edition. = Contents eT See RU MC cecce Mts) - Creating Locations Pe eens eed - Expense Types Be eter a Methods Dye Cue Disposals SUP103 - Fixed Assets‘Th Palladium Fixed Assets module allows you to manage 2 very dstinct features. Fst it lows you to manage and control your assets as required by legislation withthe abit to process upto 5 depreciation calculations (commonly known as Asset Registers) per asset. Secondly, you can record al costs against your Assets, record the Usage per asset fra period, then run Efciency reports Setting Up the Assets Module Before you start processing you need o fist Setup the Assets Module. To do his you go tothe Assets Module, in the maintenance section, seer gi Assets AssetTypes Depreciation Expense Types Dispoxal_—_—Loaations Methods Reasons = Overview Creating Locations ‘Te create location function allows you to assign locations to assets and transfer tems across locations. This also {aciitates the Asset count function, Disposal Reasons ‘These reason codes could be Sold or Scrapped and assist in analysing your reasons for csposal Expense Types ‘These expense tyes relate to the recoring of costs against an asset in order to assess the efcency levels of an ‘asset. This coud be fuel costs in Lite or Service Fees etc. Depreciation Methods ‘The depreciation methods are the diferent methods you use to depreciate your asst. These methods include: © Staght Line Method Equal Alowance Method + Reducing Balance Method «Immediate Write off Method “= No Depreciation Method © Variable % Method - ths method wil alow you to define the number of years over which o writ down the asset with custom-defined percentages set per yer (as seen in he screen below) Qo = — Loe] Sas ——- = I Palladiun’ — sueios- rises tases= “The Asst Types, or Groups isthe way in which the respective assets are maintained inthe Ledger ‘Accounts as wel a their common methods of eprecation. We also cater for upto 5 dterent Depreciation Methods per asset each wit the facity to report per Method, or Asset Register. Note thatthe Asset Registers (Depreciation Methods) can have ther own custom name settings that canbe found nthe Control Panel >> Options > Naming Convention. ‘The Other Ledger Accounts such as, Asset Cost and Repairs & Maintenance are used dutng the Vendor Invoice Process function when Purchasing and locating costs to assets. Iza “This section contains al the information related tothe individual Assets, split into the various tabs below. General Tab ‘This ab contains all the General Information relating to the asset ist Ks i+ Pallaciun’ — surros-russrsssPurchase Information This section allows you to set information such asthe Purchase information as well as residual values thet get used uring the depreciation calculation You can algo revalue the assets at any time that will adjust the Deprelable Value dynamically. Depreciation History This section alls you to set the opening deprecation per Asset Register, aswel as stand alow you to edt the various depreciation runs as seen below. Note that you can process a deprecation run 355 tims a year if required. aRepairs and Maintenance ‘This feature allows you to capture Costs as well as records usage agaist the various Assets. This allows you to not ‘only conto cost, but you canals generate Asset Eticiency reports such as K/L or Cost per Unit produced for ‘machinery used in production. . a a a Se pm Sie Palacum als fcitates the ability to pos these costs directly tothe Assets from the Vendor processing screens ‘below with the system Displaying al Asses linked to that spectic Repairs and Maintenance Account that is use in the Asset Catagory setup. Pallaciun’ — surros-russrsss=x ‘You can dispose of asses using Disposal reason codes for easeof reporting and analysis. palladiury — sups0-ruesssses