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Evo-ERP and DBA Classic >> Suggestions for Updates >> Asset List
http://www.istechforum.com/YaBB.pl?num=1160506131

Message started by wildco on 10/10/06 at 10:48:51

Title: Asset List
Post by wildco on 10/10/06 at 10:48:51

One thing we always thought would be useful in DBA was an asset list. On this list, you would record assets, price paid, depreciation schedule, and price sold for. This would help you in tracking depreciation, gains, and losses.

Currently, we use an EXCEL spreadsheet, but it would be nice to have this accounting information standardized in one place.

Title: Re: Asset List
Post by wildco on 10/10/06 at 10:51:11

Another issue we seem to run into is that we are sometimes not exactly sure which vendor has some tooling of ours. Since we have many vendors making many parts, it is easy for Purchasing to forget to record a new tool in the EXCEL spreadsheet.

Maybe an asset list could help with this as well.

Title: Re: Asset List
Post by lmk223a on 10/11/06 at 04:58:24

It would be nice to have EVO track asset acquistions, but sometimes the description entered on the first line of the po is insufficient. One would need the ability to add to the description. (i.e. if purchasing enters the serial number on the first line of the po, the machine or asset description entered on the 2nd line does not appear in the GL-E).

Currently, one could use GL-E by asset account to obtain this info, but it would be nice to regroup or add to descriptions. i.e. sometimes we purchase machine accessories/add on features which I would like to be able to group together for that machine.

As far as depreciation goes, I don't think this is feasible. Unless you do depreciation by individual item within a fixed asset account, how do you expect EVO to track it by individual asset within a group? That's where Excel or other Asset software is really required.
Also, there are far too many tax laws that change the calculation methods and rates to make it feasible or applicable to one industry.

Title: Re: Asset List
Post by wildco on 10/11/06 at 08:15:25

We assign all our tooling used in a job a part number, and put a line with 0 of that part number in the BOM so that our people know what to use and where to get it.

It would be nice to add the appropriate tooling lines to a Purchase Order so the vendor knows what to use.

I thought that with depreciation, people could set up their own schedules and apply them to an asset (sort of like tax codes/groups). Then, people could customize the depreciation for their own specific circumstance. DBA ought to be able to apply a particular depreciation schedule to a particular asset without issue.