Norming Asset Management

1
Norming Asset Management
To make asset management easy and automatic
with Sage Accpac ERP
Developed by Norming Software International Ltd.
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Norming Asset Management

• Asset Accounting
• Asset Maintenance
• Asset Leasing
• Asset Tracking

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Features

• Integrates with Accpac ERP SM, GL, AP, AR, IC
  and PO.
• Support Pervasive SQL, MS SQL Server, Oracle,
  IBM DB2.
• Unlimited optional fields for asset register and
  transaction detail.
• Flexible asset and barcode numbering.
• Ability to manage asset construction process.
• Asset depreciation allocation across multiple
  accounts.
• Powerful depreciation facility, including
  depreciation projection and reversal.
• Full multicurrency support.
• Asset maintenance schedule and expense
  processing.
• Asset Lease tracking and billing processing.
• Complete barcode tracking facility.
• Extensive inquiries and reporting functionality.

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Product Development Standard
Norming Asset Management is developed using the
latest Accpac SDK, and has the same look, feel,
level of integration as the Accpac core modules.
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Asset Numbering
Asset ID may consist of up to 72 characters with
up to 9 segments.
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Integration with Accpac ERP
Norming Asset Management integrates with Sage
Accpac SM, GL, AP, AR, IC and PO.
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Integration with GL
All asset transactions create G/L transaction
automatically.
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Accpac Optional Fields
Unlimited optional fields can be assigned to
asset register and transaction as well.
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Depreciation Expense Allocation
Asset depreciation expense can be allocated
across multiple GL accounts by fixed percentage.
10
Asset Location
Image can be attached to locations.
11
GL Segment Override
Overriding G/L account segments is enabled with
asset location.
12
Depreciation Method
Depreciation calculation can use standard or
user-defined formula.
13
Asset Accounting

• Acquisition ( with AP, IC, PO)
• Depreciation (Projection, Reversal)
• Adjustment
• Disposal (with AR, IC)
• Merge Split
• Revaluation

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Asset Acquisition

• Batch Entry-Detail Structure.
• Convert PO invoice details to assets.
• Create AP invoice for acquisition entry.
• Create AP payment for acquisition entry.
• Create IC shipment entry for acquisition.
• Asset status can be Normal or WIP.
• Add value to existing asset or WP.

15
Asset Depreciation
Depreciation calculation can be run for a
specified range of assets for multiple periods.
16
Depreciation Projection
Depreciation projection can be made with
different method for multiple periods or years.
17
Depreciation Reversal
Depreciation can be reversed for specified assets
back to any period of current year.
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Asset Adjustment
Adjustment allow you to change asset value,
accumulated depreciation, estimated life,
depreciation method, depreciation rate, and to
transfer asset between cost centers, locations.
19
Bulk Adjustment
Bulk adjustment creates an adjustment batch for a
number of assets automatically.
20
Asset Disposal
Asset disposal can create GL Transaction, AR
Invoice or IC Receipt.
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Bulk Disposal
Bulk disposal creates a disposal batch for a
number of assets automatically.
22
Asset Merge
Multiple assets can be merged to one asset, asset
units are merged too.
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Asset Split
One asset can be split to multiple assets
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Asset Maintenance

• Maintenance type categorize maintenance expense.
• Maintenance order schedules asset maintenance.
• Process maintenance expense with maintenance
  order.
• Create AP invoice for maintenance expense.
• Track maintenance history and maintenance expense.

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Maintenance Type
Maintenance type categorizes maintenance expense,
and define how to work with GL, AP, IC and PO to
process maintenance expense.
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Maintenance Schedule
Uses the Accpac scheduler to plan the asset
maintenance on a regular basis.
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Maintenance Order

• Assigns stock or non-stock item to asset
  maintenance order.
• Raises Purchase Requisition for maintenance
  order.

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Maintenance Expense
Maintenance entry is used to process the asset
expense, posting maintenance entry will create AP
invoice, IC shipment and GL transaction
automatically.
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Maintenance History
Maintenance history can be viewed under
maintenance order.
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Asset Leasing

• Set up lease rates for assets.
• Maintain lease contract and billing schedule.
• Automatically recognize lease revenue.
• Create AR invoice for lease billing transaction.
• Track asset lease history and billing schedule.

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Lease Rate
Lease rate can be transferred to AR item for
creating AR invoice in detail from lease billing
entry.
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Lease Contract
Lease contract defines the lease type, lease
rate, price and billing schedule
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Lease Billing Schedule
Billing schedule can be set up to automate the
creation of billing batch.
34
Lease Billing Entry
Billing entry can create AR invoice and GL
transaction automatically.
35
Lease Billing History
Billing history can be viewed under lease
contract.
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Asset Tracking

• Print asset label with barcode.
• Provide interface with barcode scanner.
• Scanning program is written for scanner.
• Update the asset status and location with
  scanner.
• Track asset assignment and return with employee.
• Schedule asset assignment.

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Asset Barcode
A unique barcode can be created to identify each
unit of asset.
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Download Asset Location
Barcode scanner just needs the asset location
information to run the scanning application.
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User Interface on Scanner
After you select the location to scan, you can
use the scanner to identify assets and update the
asset status.
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Update Assets
Asset information can be uploaded from scanner
after scanning is completed.
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Asset Responsibility Tracking
Track the asset responsibility by asset
assignment and return transaction.
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Assignment Schedule
Asset assignment schedule and history is
available.
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Asset Inquiry and Reporting

• Drilldown from GL, AR, AP to asset
  transactions.
• Search asset by category, group, cost center or
  location.
• Complete and up-to-date asset information.
• Review asset activities and original
  transaction.
• Check component assets of master asset.
• Complete fixed asset schedule reports.

44
Asset Inquiry
Asset can be searched by acquisition date,
category, cost center, location and group.
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Asset Register
Asset register provides the complete and
up-to-date asset information.
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Asset Activities
Asset transaction history is kept from beginning
acquisition to ending disposal.
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Master/Component Assets
Asset can be viewed on a master-component basis.
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More Questions?
Please visit our website
http//www.norming.com