The Fixed Assets feature allows you to create and track each of your Fixed Assets in R365. Automatic Depreciation can then be performed based on the Asset Classes, and Categories that you set and maintain. The function supports straight line depreciation with four in-service conventions.You can quickly enter assets with fewer errors using asset classes, then maintain assets by adding service tasks, notes, and next service date to an asset. Don’t believe us? Take a R365 demo and see for yourself.
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Why the Fixed Assets System is Great:
One System of Record – No more Excel ﬁles or dedicated ﬁxed asset software. Restaurant365 calculates the depreciation and records it for ﬁnancial reporting.
Quick to Implement – Import multiple assets using an Excel ﬁ le from your legacy system into Restaurant365. Review the data and then mark them as active to pass the depreciation process to Restaurant365.
Easy to Update – Transfer assets between locations and update them based upon changes provided by auditors or other sources. A new depreciation schedule is created and adjustment entries will be made.
360 Degree View – Link expenses and track service activity to proactively identify troubled assets.
Construction in Progress function to accumulate costs prior to placing an asset into service.
Create assets from a potential asset list based upon transactions posted to a speciﬁ c GL account.
Easily move/transfer assets between locations that include intercompany journal entries.
Retire, Split, Delete and Duplicate assets for faster processing.
An Audit Trail accumulates changes to the asset record for quick reference.