Asset accounting for your Sage Live

Sage Live is the next generation cloud accounting solution for small and medium businesses. It is built on the Force.com platform and is supported by Salesforce AppExchange. Since it is cloud based, users gain access to key accounting and operations information instantly and accurately regardless of their location or device. However, Sage Live accounting users struggled to manage the accounting assets of their organizations, with up-to-date status and availability. Greytrix with its expertise in Sage solutions and Force.com platform brings to your business environment first of its kind – Greytrix Fixed Assets for Sage Live accounting solution.

 

Greytrix Fixed Assets module for Sage Live is a comprehensive solution that centralizes business operations, maintains your assets seamlessly and integrates with your accounting software. Thereby facilitating asset accounting transactions such as asset acquisition, depreciation, depreciation reversal and asset disposal and generating standard reports.

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sage live fixed assets

Add-on to simplify your asset accounting in Sage Live

Greytrix Fixed Assets for Sage Live offers asset accounting - the component used to manage and supervise Fixed Assets. Asset accounting serves as a subsidiary ledger to the Sage Live General Ledger, providing detailed information on transactions involving Fixed Assets. The Fixed Assets for Sage Live provides the basic functionality for processing asset accounting transaction, including acquisition, depreciation, and disposal.

 

The transactions of Greytrix Fixed Assets for Sage Live for your business include:

  • Asset Acquisition
  • Asset Depreciation
  • Depreciation Reversal
  • Asset Disposal
Easy Setup & Acquisition of Assets

Greytrix Fixed Assets for Sage Live eliminates the complicated and error-prone asset accounting process. The add-on for Sage Live offers easy setup and management of assets throughout the entire lifecycle from their purchase or the initial asset acquisition to their retirement or disposal.

 

Accurate Depreciation Calculations

Asset depreciation calculation is vital for any business entity, government office or non-profit organization.  Greytrix Fixed Assets for Sage Live gives you the flexibility to manage the entire organizational assets. Year-end financials, allocation of costs, calculating depreciation, eliminating redundant data entry and storage of key asset records such as Purchase Orders, warranty information, and insurance records. Greytrix Fixed Assets for Sage Live automatically calculates post depreciation entries to the Sage Live General Ledger. The add-on offers comprehensive depreciation calculation methods to suit business needs, with depreciation expenses are calculated on monthly basis. 

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Easy Configuration of Journal Posting Rules

Greytrix Fixed Assets for Sage Live offers new journals such as Purchase Fixed Assets, Depreciation Expense and Asset Disposal journal to post asset accounting transactions. The posting rules can be easily configured at user-specified account.

 

Comprehensive Multi - Dimensional General Ledger Integration

Greytrix Fixed Assets is fully integrated with the Sage Live General Ledger module. It has the ability to analyze and interpret data, allowing users to take quick and informed business decisions. New dimensions concerning assets are introduced which are tagged during asset transaction posting.  Offers Sage Live users flexibility in selecting desired accounts and insights. These dimensions accurately show balances which users can assess anytime. The add-on offers new dimensions such as Fixed Assets, Accumulated Depreciation which simplifies posting to the General Ledger that are performed using the Sage Live API.

Automated Depreciation and Depreciation Reversal

A company’s valuation changes over the life of an asset. Companies may opt for different depreciation methods to choose the amount of depreciation deductions. Greytrix Fixed Assets for Sage Live provides automation in calculation of depreciation and taxation as per assets’ life and type. This add-on also provides quick depreciation reversal for incorrect entries.

 

Compatibility with Salesforce Lightning

Greytrix Fixed Assets for Sage Live is built on the Salesforce platform thus making it compatible with the Salesforce Lightning. This add-on brings to your organizations the benefits of out-of-the box components, event driven architecture and a framework that optimizes performance, faster development and cross browser compatibility.

Reporting Functionalities of Fixed Assets Add-on

Sage Live users can easily track asset depreciation and assess asset book value. Greytrix Fixed Assets for Sage Live is an easy to use add-on that allows you to instantly create standard reports that you can save and reuse as and when required. The reporting functionalities extend from Standard Sage Live Financial Reports like Income Statement, Trail Balance to Balance Sheets and accurately shows account balances after posting of asset accounting transactions.

 

To know more about Greytrix Fixed Assets for Sage Live and to extend its capabilities in your accounting solution, write to us at sage@greytrix.com.

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