We’re already into February, which means that financial year-end is looming! One of the most time-consuming tasks for any accountant is calculating the depreciation of fixed assets. And every business has some form of fixed asset, whether it be a fleet of company cars, laptops, cell phones or even machinery. Over time, these assets are subjected to wear and tear and begin to depreciate. This is where the Sage Evolution Fixed Asset module can go a long way in saving your company both time and money, as it’ll help you legally calculate depreciation.
Why do I need Fixed Assets?
It’s a legal requirement for South African companies to track their fixed assets for tax purposes. Sage Evolution’s Fixed Asset module helps your company comply with the necessary legislation but you’ll also be able to accurately track the depreciation of each of your assets.
Brilliant Link is giving away one Sage Evolution Fixed Assets module! The competition closes 31 March 2017 and the winner will be announced in the first week of April. Simply sign up to our newsletter to stand a chance to win!
How can the Fixed Assets module help my business?
By complying with legislation and tracking your fixed assets, you’ll be able to determine the depreciation of each item. This, in turn, will help to reduce the amount of taxable income your business declares.
Let’s face it, keeping a record of your company’s assets is a slow, laborious task at the best of times. The Sage Evolution Fixed Assets module is a cost-effective means of depreciation calculation that automates the process and saves you time and money in the long run. Whether it’s a simple asset such as a desk or chairs or a more complex item such as a computer that can undergo several hardware upgrades, Fixed Assets enables you to track each item. More than that, you’ll be able to track your budget per asset type, helping you to assess your expenditure at a glance.
Do I need to install Sage Evolution to use the module?
The great news about the Fixed Assets module is that you don’t need to have Sage Evolution installed to use it. This stand-alone module is easy to install and will integrate with Pastel Partner or you can use General Ledger codes, which are compatible with your existing accounting software.
For more information about Fixed Assets or other Sage Evolution products, give Brilliant Link a call today.