OVERVIEW

FMS Fixed Assets maintains control over the carrying value and location of the institution’s physical assets. It automates the calculation of depreciation, archives all of the institution’s fixed assets, and supports book and tax basis record keeping. FMS Fixed Assets saves time by automating clerical routines and depreciation calculations. The solution seamlessly integrates with the FMS General Ledger System and complies with generally accepted accounting principles, and supports either the asset or the reserve accounting method. 

FMS Fixed Assets provides your financial institution with:

• Simple set-up, depreciation and adjustment processes
• An easy to use menu, point and click operation, and online help
• Immediate online access to the FMS Fixed Assets item master record and detailed transaction history
• Automated depreciation calculations
• A comprehensive array of reports
• An extensive online financial history
• Data access by ODBC compliant programs
• Reports on screens

FMS Fixed Assets enables your financial institution to:

• Streamline department workflow with speedy automatic depreciation calculation and posting procedures
• Implement easy-to-use transaction posting routines
• Streamline your depreciation and adjustment process
• Access extensive reporting tools
• Adhere to generally accepted accounting principles