Fixed Assets - Glovia International, Inc.

New levels of responsiveness and control
in managing your firm’s assets
GLOVIA G2 Fixed Assets allows you to maintain and track your corporate fixed assets with
increased responsiveness and control to guarantee the best accounting and tax strategies for
your asset base.
System Capabilities
Fixed Assets handles asset registration, classification, tagging, retirement and disposal for
individual as well as composite assets. Management functions provide financial, tax and
lease asset accounting capabilities in addition to repair/service scheduling. The system
handles multiple depreciation methods and is fully integrated with the general ledger.
Asset Registration
The application records all information associated with assets including asset identification
codes, descriptions, values, locations, and information on dates, insurance, depreciation
methods and asset life periods.
Asset Classification
The Asset Classifications feature provides a choice of user-defined codes for categorizing
assets for recording and reporting purposes.
Multiple Depreciation Methods
Multiple depreciation methods and the ability to create your own depreciation method provide
additional flexibility. Depreciation costs can be calculated as often as necessary.
Composite Assets
You can link assets together. The ability to handle composite assets provides control through
flexible asset structures reflecting parent/child relationships (whereby a desktop might be defined as
a monitor, CPU and printer).
Other Features
Other features provide asset control through flexible asset structures, retroactive processing,
long-term projections, user-definable calendars and the ability to track insurance and
replacement costs.

Depreciation Methods
• Straight line
• Modified accelerated cost recovery system
• Declining balance
• Remaining life
• User-definable depreciation methods
Additional Capabilities
• Asset Tags: Provide the ability to print tags that can
be physically attached to the asset
• Asset Retirement: The Fixed Assets application
helps schedule and report the retirement of an
organization’s assets
• General Ledger Postings through Financial
Migration Management Allows: depreciation
journals to be posted to the General Ledger as
determined by the user.
Fixed Assets Flow
System
Tables
• Business
• Vendor Location (Opt.)
Setup
Business
Tables
• Fiscal Calendar
• Trans. Group Date s
• GL Account Tabl e
• Payment Terms
• Currency Tabl e
• Fixed Asset A G
• Country Table (Opt.)
• Cost Center (Opt.)
Process
Tables
FA
• Fixed Asset Odometer
• Fixed Asset Type (Opt.)
• Fixed Asset Group (Opt.)
• Fixed Asset Categor y
• Fixed Asset Locatio n
• Depreciation Method
• Disposal Type
Register
Asset
Determine
Life
Setup
Calendar
Determine
Method
Engineering
Table
• Work Center (Opt.)
Depreciate
Each Period
FIM
General
Ledger
© Glovia International, Inc. 2013
GLOVIA and the Glovia logo are registered trademarks of Fujitsu, Ltd.
Worldwide Headquarters
Glovia International, Inc.
2250 East Imperial Highway, Ste. 200
El Segundo, CA 90245-3457 U.S.A.
Toll Free: (800) 223-3799
Phone: (310) 563-7000
Fax: (310) 563-7300
www.glovia.com