In Unifier, the Asset Manager is where users can enter company assets, set up depreciation schedules for them, and classify them into categories to make managing them more efficient. Ultimately, Unifier can gather these assets onto a sheet to track asset depreciation in monthly, quarterly, or yearly increments.
The Asset Manager uses the three most common depreciation methods—straight line, double decline, or sum of year digits—as well as manual depreciation. Regardless of which method is used, asset depreciation is calculated for the entire life of the asset over whatever period you specify. For example, if an asset is depreciating over two years and you specify a monthly depreciation increment, then the asset’s value will be recalculated each month for two years from the date of acquisition.
Asset values on the asset sheets at both the classification level and on the summary sheet are recalculated automatically, but users can also refresh the values manually at any time. These values are then rolled up to the company account sheet.
Unlike most modules in Unifier, the Asset Manager does not use business processes; rather, it uses attribute forms to create asset classes and detail forms to create the assets themselves. In Unifier, an asset class maps assets to company account codes, tracks asset costs and depreciation, and keeps the company account sheet updated with current asset values. In addition, the manager uses reference processes to extract the asset’s acquisition cost from a company-level BP.
In Unifier, the Asset Management node lists the names of every class. These nodes are where Unifier users create and modify new assets, set up their depreciation schedules, and refresh assets to recalculate their values and update the asset class sheet and the company account sheet.
The Asset Sheets node displays the asset sheets for each class, as well as a summary asset sheet that shows the total value of each class from the class asset sheets. Unifier automatically creates an asset sheet for every asset class that is created. On these sheets, Unifier users can add new assets and specify what should appear on the sheet for the asset; map assets to company account codes and roll up an asset’s current depreciated value to the company account sheet. On the summary asset sheet, they can refresh the asset values and export them in csv format.