Fixed Asset Accounting

Quickly get the data you need with comprehensive Fixed Asset Management software

MRI’s specialist fixed asset management software helps organisations to meet the latest corporate governance regulations with accurate depreciation, verified asset data and excellent reporting.  It enables compliance with the ever changing requirements of AASB, IFRS, Sarbanes-Oxley and other SOX-type regulations and provides a comprehensive audit trail enabling organisations to meet and surpass audit regulations.

When it comes to fixed asset management, MRI’s software controls, tracks and records each change that occurs during an asset’s lifetime and encompasses depreciation processing and forecasting, capital expenditure control and asset tracking/physical auditing.

Benefits

Simplify year end procedure

Take the headache out of year end and close down fast with accurate data that can be passed directly to your finance system. Be confident in your data.

Reduce insurance premiums

Accurate fixed asset registers result in accurate insurance premiums which are not over inflated. Claims are paid out faster if asset records are verified and up to date.

Accurately report asset depreciation

Automatically calculates for any period or range of periods across multiple books. Costs are retained for past period reporting and automatically generated for current and future periods.

Satisfy all audit requirements

Failing an audit is never an issue for clients using MRI's fixed asset software. Have full peace of mind that your data is accurate with a full audit trail.

Fixed asset software features:

  • Multi-company, multi-currency and multi-lingual if required.

  • Provides complete information on asset status, history and location for audit trail purposes.

  • Standard interfaces are provided to spreadsheet packages and many of the leading Finance/ERP systems.

  • A single input screen is provided for the fast addition and update of assets.

  • Assets can be arranged in hierarchies, identifying parent/child relations and dependencies.

  • Transaction types include full and partial disposals, transfers, enhancements, cost adjustments, relifes, revaluations and splits.

  • Standard and user-definable depreciation methods can be applied by asset, asset group and period of account. Costs are retained for historical periods and automatically calculated for current and future periods as required.

  • The audit file holds a history of all user actions, identifying which records were affected and the before/after detail.

  • Electronic document management for the fast retrieval of associated files.

  • Improve asset acquisition, utilisation and disposal processes with one version of the truth.

  • Avoid oversights by creating automated alerts for key events such as insurance renewal, warranty expiry or replacement date.

fixed asset management software
Fixed Asset Software

Powerful and comprehensive reporting

With over 50 industry standard reports and a comprehensive range of user-definable templates, MRI’s fixed asset software improves statutory compliance and accelerates year-end reporting.  Benefit from 25 levels of analysis for comprehensive enquiries and reporting outputs, get access to a standard balance sheet format report and drill down for instant asset analysis and view reports on screen, in PDF or exported to Excel and other flat file formats.

fixed asset management software

Depreciation Forecasting & Modelling

Accurate depreciation forecasting models underpin cost-effective and tax-efficient capital budgets. MRI’s depreciation software exploits the fixed asset data to create ‘what if’ scenarios that accurately predict the effect of different capital expenditure and disposal programmes, optimising investment returns (ROIs).  It directly mirrors the asset register to remove the need for complex spreadsheets and uses date range and future predictions to create a robust forecast and avoid risky guesswork.

Market Sectors

Commercial

Implemented across 1,000+ commercial organisations in over 70 countries, our suite of fixed asset software helps ensure compliance with AASB/IFRS and offers a scalable solution to cater for the needs of SMEs through to large multi-national organisations.

Government

Manages the fixed asset accounting requirements for both Federal and Local Government and takes the stress out of year-end processes.

Education

Our fixed asset software enables compliance with all IFRS and audit regulations for the education sector. We also provide schools, colleges and universities with an asset tracking facility which can work with barcodes, NFC and QR Codes.

Healthcare

With over 200 healthcare organisations using MRI’s software globally, our integrated and proven solution incorporates every aspect of fixed asset, capital project and budgetary control.

Housing Providers

MRI has gained an in-depth knowledge of the issues and challenges facing this sector and has developed the relevant industry specific functionality to help them meet requirements and stay compliant with guidelines.

Let's Connect

Fixed Asset Management

Learn more about how our fixed asset management software can help you to maintain compliance with the latest accounting guidelines and tax rules.

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Call 1300 657 700 today

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