Updating of a fixed capital
However, the task of managing a physical inventory of fixed assets can seem daunting, and that’s where Sage Fixed Assets—Tracking can help!
Sage Fixed Assets—Planning is designed to help you account for everything, and it allows you to manage as many projects as you need, regardless of the type or size.
Whether you’re a business entity, government office or nonprofit organization, you need Sage Fixed Assets—Depreciation.
You may already know how critical it is to have accurate inventory management of your fixed assets; without it, little can ensure the accuracy and reliability of your fixed-asset accounting.
Using state-of-the-art Microsoft® Windows® Mobile barcode readers, you can conduct multiple inventories concurrently at multiple sites and reconcile data at one central location.
And since Sage Fixed Assets—Tracking comes with over 40 fully customizable fields, you can control data entry with notes and images to clearly describe each asset record.
For example, while CE, M&S or IC Index are typically employed for chemical process industries, the ENR (Engineering News-Record) construction index is used for general industrial construction and takes in account the prices for fixed amounts of structural steel, cement, lumber and labor.
Although the available indexes are compiled in several ways, they are defined to encompass a specific set of conditions and items.Better still, Sage Fixed Assets—Tracking integrates seamlessly with Sage Fixed Assets—Depreciation, so your information is in a single database—eliminating double entry as well as ensuring your asset data are never out of sync due to departments not sharing information.Simply put, with automated inventory functionality and built-in reconciliation capabilities, Sage Fixed Assets—Tracking makes keeping track of the items you use to run your organization a whole lot easier.The weighting of such factors, which is defined by the realized degree of importance of each component in the specific index (or sub-index), aims to represent the costs variations typically found for chemical plants.To update an item cost (equipment, projects) from period A to period B, is necessary to multiply period A’s cost by the ratio of period B’s index over period A’s index, according to the following equation: As a rule-of-thumb, cost indexes permit fairly accurate estimates for cost escalation if the difference between period A and period B is less than 10 years.