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Fixed Assets: Enterprise™ B1 FIXED ASSETS Fixed Assets: Enterprise For SAP Business One.

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Presentation on theme: "Fixed Assets: Enterprise™ B1 FIXED ASSETS Fixed Assets: Enterprise For SAP Business One."— Presentation transcript:

1 Fixed Assets: Enterprise™ B1 FIXED ASSETS Fixed Assets: Enterprise For SAP Business One

2 Fixed Assets: Enterprise™ B1 FIXED ASSETS Properly Managing Fixed Assets is a Key Part of the Best Practices of a Best Run Business When Assets are managed as “capital”, the value of their Assets is optimized across the enterprise, resulting in greater executive oversight and significantly reduced operating expenditures.

3 Fixed Assets: Enterprise™ B1 FIXED ASSETS Agenda Overview Scenarios – Simple Fixed Asset Solution – Complex Fixed Asset Solution – Rental with Fixed Assets Recap

4 Fixed Assets: Enterprise™ B1 FIXED ASSETS About B1 FIXED ASSETS Dedicated SAP Business One Solutions Provider Certified Integration to Business One 30 Years of Fixed Assets Software Experience All Solutions are Available Globally

5 Fixed Assets: Enterprise™ B1 FIXED ASSETS FAMe Overview

6 B1 FIXED ASSETS Fixed Asset Solution Options for SAP Business One Additions Depreciation Cost Increases Transfers Retirements Unlimited Books Non-Standard Calendars Intra-Year Spread Option Metering Bulk Purchases from AP Component Mgt. Aggregated Asset Mgt. Asset Splitting Luxury Auto Accounting Advanced Reporting Acquisitions Management - Complex / CIP / PIP Financial Sub-Ledger - Reconciliation to GL 15 Averaging Methods Advanced Depreciation Cost Adjustments - up/down Book Changes Mid-year Transfers Retirement Options Asset Tracking (where/who) Localized US Tax Compliance Mid-year Import/Conversion Multi-year Open Periods Equipment Rental Asset Financing Equipment Maintenance SAP Fixed Assets FAMe Standard FAMe Advanced Advanced Modules Fixed Assets: Enterprise™

7 B1 FIXED ASSETS Scenarios Basic Fixed Asset Requirement

8 Fixed Assets: Enterprise™ B1 FIXED ASSETS Scenarios Basic Fixed Asset Requirement Advanced Fixed Asset Requirement – With Financing and Maintenance

9 Fixed Assets: Enterprise™ B1 FIXED ASSETS Scenarios Basic Fixed Asset Requirement Advanced Fixed Asset Requirement – With Financing and Maintenance Advanced Fixed Asset Requirement – With Rental-Lease and Financing

10 Fixed Assets: Enterprise™ B1 FIXED ASSETS Best Practices Assets are managed as “capital” Value of Assets is optimized Greater executive oversight and control Significantly reduced operating expenditures

11 Fixed Assets: Enterprise™ B1 FIXED ASSETS Recap Solution Options FAMe Standard FAMe Advanced – with Maintenance and Financing FAMe Advanced – with Rental-Lease and Financing

12 B1 FIXED ASSETS Fixed Asset Solution Options for SAP Business One Additions Depreciation Cost Increases Transfers Retirements Unlimited Books Non-Standard Calendars Intra-Year Spread Option Metering Bulk Purchases from AP Component Mgt. Aggregated Asset Mgt. Asset Splitting Luxury Auto Accounting Advanced Reporting Acquisitions Management - Complex / CIP / PIP Financial Sub-Ledger - Reconciliation to GL 15 Averaging Methods Advanced Depreciation Cost Adjustments - up/down Book Changes Mid-year Transfers Retirement Options Asset Tracking (where/who) Localized US Tax Compliance Mid-year Import/Conversion Multi-year Open Periods Equipment Rental Asset Financing Equipment Maintenance SAP Fixed Assets FAMe Standard FAMe Advanced Advanced Modules Fixed Assets: Enterprise™

13 B1 FIXED ASSETS Contact Information Greg Robinson VP Business Development grobinson@b1fixedassets.com 904-300-3783 WWW.b1fixedassets.com

14 Fixed Assets: Enterprise™ B1 FIXED ASSETS About FAMe FAMe is Designed for the up to 50% of Business One clients who’s needs are beyond the functionality offered with the standard SAP Fixed Assets solution. FAMe provides all the required key fixed assets functionality and allows for growth as clients needs dictate.

15 Fixed Assets: Enterprise™ B1 FIXED ASSETS Why Is Fixed Assets Critical for Clients Compliance – Sarbanes-Oxley focuses on accountability of corporate officers and IFRS and US GAAP are requiring transparency. Fixed Assets records often represent the biggest line item on companies balance sheets and are undergoing increased scrutiny as a result. Companies realize, now more than ever, that keeping accurate and well documented asset records is not just good business financially it an essential best practice.

16 Fixed Assets: Enterprise™ B1 FIXED ASSETS Why FAMe Most Equipment Rental and Equipment Maintenance solutions are based on Inventory. In SAP Business One, they are sometimes also based on the Customer Equipment Card. With FAMe, the centerpiece is the Fixed Asset. Equipment that is Maintained and/or Leased/Rented to Customers, Equipment is recorded outside of Inventory and tracked as individual pieces of Equipment – that is, as Assets – therefore providing more accurate accounting for and tracking of the Assets.

17 Fixed Assets: Enterprise™ B1 FIXED ASSETS FAMe B1 Integration

18 Fixed Assets: Enterprise™ B1 FIXED ASSETS FAMe B1 Integration

19 Fixed Assets: Enterprise™ B1 FIXED ASSETS FAMe Offering Beyond SAP FA Multiple Methods of Depreciation o Modified Straight line o Declining Balance o Percent of Net Book o Units of Production o Sum-of-the-Years Digits o Non-Depreciable

20 Fixed Assets: Enterprise™ B1 FIXED ASSETS FAMe Offering Beyond SAP FA Averaging Conventions for GAAP, IFRS or Tax Compliance(15 offered by FAMe) - combined with Depreciation this can address virtually any scenario Units of Measure Processing Component/Aggregated Assets Tracking by Physical Location, Custodian, Customer, Manufacturer

21 Fixed Assets: Enterprise™ B1 FIXED ASSETS FAMe Offering Beyond SAP FA Insurance Information Tracking Property Tax and Schedules Asset Mid-Life Changes Asset Transfer Mid-Year Partial Period Depreciation Asset Split to create new Assets

22 Fixed Assets: Enterprise™ B1 FIXED ASSETS FAMe Offering Beyond SAP FA Advanced Reporting for Asset Acquisition Register Asset Transfer Register Asset Retirement Register Asset Book Register Asset Roll Forward Physical Location Registers

23 Fixed Assets: Enterprise™ B1 FIXED ASSETS Optional Functionality FAMe Asset Financing – Suitable when a considerable number of asses are leased or rented form vendors or financial institutions


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