MRI Software Asset4000

MRI Software’s Asset4000 is a fixed asset management software offering customizable depreciation methods, user-definable reporting facilities, and the ability to import new assets from external files.

Formerly from Real Asset Management, Asset4000 includes asset imaging, parent/child relationship views, and the ability to import new assets from external files.

MRI Software Asset4000 Key Features

• Provides complete information on asset status, history, and location for audit trail purposes.
• Offers asset 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 accounting period. Costs are retained for historical periods and automatically calculated as required for current and future periods.
• 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.

MRI Software Asset4000 Benefits

• Assets can be arranged in hierarchies, identifying parent/child relationships and dependencies.
• Depreciation methods are completely user-definable by asset, asset group and period of account. Costs are produced for past, current and future periods and years, including capital expenditure and disposals.
• Data links are provided to spreadsheet packages, general ledgers and management reporting tools. The register also utilizes asset tracking facilities, incorporating the leading bar-code scanning technology.

Multi-Book

• Allows multiple sets of figures to be stored against each asset.
• Each asset record contains a unique identifier and provides the facility to incorporate: existing analysis codes (e.g. category, cost center, department, company), multiple description lines, acquisition and capitalization dates, and book-dependent information such as purchase cost, asset life, depreciation rules, quantity, residual values, and grant values.
• Transactions can be applied across all books, including full and partial disposals, transfers, reliefs, revaluations and splits
• Period cost details for each asset are viewed on one screen as a list or graph. Note tabs provide quick access to costs for each book.

Multi-Currency

• Each accounting book is independently configurable to meet international accounting rules, including different currency settings.
• Complies with U.S. Federal Tax Regulations, including acquisition conventions and MACRS (Modified Accelerated Cost Recovery System) declining balance methods of depreciation.
• European depreciation rules can be applied to individual books, for example, considering the differences in the double straight line depreciation rule between Germany and Belgium.

Multi-Lingual

• Entire system in the required language, from menu options to information messages. Professionally translated on-line help file.

Video Overview