This feature provides a facility for managing and allocating balancing charges from retired assets to assets recently placed in service. This functionality includes the following:

Create Balancing Charges from Retired Assets

Allocate Balancing Charges to new assets

Allow enable/disable of Balancing charges functionality for Tax books

Integrate Balancing charges into the depreciation cycle

Provide display of Balancing charges information for the following:

- Mass Additions process

- Retirements process

- Financial Inquiry

- Book Controls

Allow for importation of Balancing Charge information from external sources

Provide the following reporting suitable for Australian Tax law:

- Allocated Balancing Charge Report

- Calculated Balancing Charge Report

- Balancing Charge Audit Report

Capital Gains Tax

This feature provides a facility for tracking Capital Gains Tax information about individual assets. This functionality includes the following:

Ability to define Deemed dates and value for an asset

Maintain and track incidental costs

The incidental cost is used in the calculation of capital gains tax liabilities. This usually occurs at asset disposal. The incidental cost is indexed.

Provide a method for linking assets disposed together to form a CGT Calculation across multiple assets

Provide display of CGT information in the Financial Inquiry

Provide the following reporting suitable for Australian Tax law:

- Capital Gains Tax Reports that operate on Non Depreciable assets as well as Depreciable assets

- Australian Tax Depreciation Schedule 32 Report

- Taxation Requirements report for Depreciation Assets

- Australian Tax Retirements Report for all assets

Materials Management

Australian Materials Management provides the following functionality:

Provide a reporting system to be used for manual stock tacking and replenishment counts

When importing Internal Requisitions, ensure that the Internal Requisitions are created using Unit of Issue and Purchase Requisitions are created using Unit of Measure

When importing Internal Requisitions, ensure that the correct Code Combinations are used