Fixed Asset Pro16 - FAQ

What kinds of depreciation method does your program support?

Fixed Asset Pro16 comes pre-loaded with straight line and declining balance (fixed and % base) to ensure that it is suitable to your local accounting regulations. You can even set your asset to be non-depreciating.

Does it support multiuser and multi-company?

Yes, our application is fully support multiple users. In fact, you can also install this application in the server and share by multiple workstations/users. This way you can use it for your entire company. Not only that we support multi-user, but the application also supports multi-company. Meaning that you can have a more than one entity to be managed from single application. When you purchase our application, you can choose the most suitable version for your company.

How do I delete the pre-loaded Excelsoft examples in the Fixed Asset Pro16?

You will need to go to Utility in top menu and choose "Start a New Business". This will delete all the preloaded examples in the Fixed Asset Pro16 database - excepting the Chart of Accounts. This will allow you to start with a clean sheet of paper for your own business, and load up your own assets from scratch.

So I clicked on "Start a New business" and everything is blank. Now what?

There are a number of things to set up before you can start loading up your asset list into the program. First you need to go to Register on the left-hand side menu, and assign your own Cost Centre.

Can I download Fixed Asset Pro16 reports into MS Excel?

Yes, our current enhance version allows you to download reports to MS Excel for your convenient. When you print the report, you can simply click XLS as the destination, the application should ask you for the file name and location.

Hey! How come the asset value that I entered cannot go above 1,000 or 10,000?

You will need to double click on any cell that will contain a numeric value. This way, you will be able to enter any amount of value that you want.

Can I replicate similar asset so that I don't have to retype each ones?

Yes, our application allows you to replicate similar asset as many as you like. You can simply go to menu Action > Acquasition , the click on Replicate. Prior to that, you should choose the asset that you like to replicate. Of course, you must first input the first one thoroughly. The application should ask you for the starting number (this is more for asset tagging), then for the number of similar asset to be replicate. The tag# will automatically generate for you. After you confirm the Tag#, the you click save.

What is Detail Component?

Detail Component is very useful if you have purchased an asset as a set instead of each individual piece. For example, if you purchase a complete 'meeting room set' which consists of o1x meeting room table, 6x reclining chairs, 1x Conner table for USD2500, then the application allows you to enter the entire meeting room set as one asset, but yet every piece can be register as its components without loosing its detail information. Meanwhile, the depreciation would only go with the single set (USD2500) but not individual piece..

What is Acquisition Cut Off Date?

Some companies have a policy if the asset is purchase after 16th of the month, then the depreciation starts the next following month. Like wise,, if the asset is purchase prior to the 15th of the .month, the depreciation starts immediately on that month. Our application allows you to set the date where you want to have this policy. You should put 31, if you want every asset to be depreciated on the date it is purchased.

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