Accounts - Fixed asset register

The Pinacle fixed asset register keeps track of movements in individual fixed assets or groups of assets. From this data, depreciation charges on the profit and loss account and balance sheet are calculated using defined rules.

The Pinacle fixed asset register includes the following:

• Simple data input of each fixed asset in a table
• Each fixed asset tied to nominal accounts for P&L account and balance sheet
• Historical data easily available for comparison and review

Pinacle fixed asset register is fully integrated with the tax and accounts modules of Pinacle to save time in data entry: you only enter client data once.

Time is also saved by:

• Auto-calculation of total depreciation charge for each nominal account code
• Auto-calculation of carried forward figures for each asset at accounts period end