SapphireOne

Assets Inquiry

The Assets inquiry option provides a central data entry point for all assets allowing the user to incorporate full control over the asset database.

Assets Inquiry has been designed to contain a number of pages to assist the user by managing the asset through supporting the wide range of user queries. These queries can include Password history information for hardware and software, Location information, Warranty information, Asset depreciation information, or to identify what colour, model, or make the asset is. More specifically, these pages include the following details and depreciation information. The Passwords management system allows passwords for hardware, software, and software services to be managed, including having full history of any changes.

SapphireOne Assets inquiry module mac

The design concept of Assets has been based on the following two principles

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Asset Depreciation

This is the calculation of multiple depreciation schedules in relation to the company assets. Only one depreciation schedule may be transferred to the General Ledger. This covers the ATO Standard, plus the Company required value, i.e.: your Company may wish to retain a record of the WDV Tax value, plus the potential WDV sale value. It is suggested that only the transactions relating to the ATO Standard are transferred to SapphireOne, while the Company transactions are kept within Assets, to give a true reflection of the assets worth.

Asset Control

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The purchase, sale and control of your company’s assets are achieved with ease. This includes the ability to record locations and the staff responsible for the asset. Also, the asset details regarding Warranty, repairs and loans can be tracked, allowing full recording of the assets life in the company.

accounts receivables key features
Key Features of  Assets Inquiry

Asset Inquiry Features

  • Details, and More Details Pages

    Information pertaining to the Asset itself can be found in the details page. The Details, and More Details pages allow for the entry of the asset name with description up to 32000 characters, the class that the asset belongs to, where the asset is located, who is responsible for the asset and their contact details. There is also a description text field (to allow the entry of information describing the asset) as well as fields providing warranty information, insurance details, notes and general ledger accounts.

  • Class Inquiry

    Class Inquiry allows the grouping of Assets into common areas. This is not limited to one class and actually allows for a super- and sub-class. For example, the super-class of an asset can be a class called office equipment, and the sub-class can be the department, such as, administration. The class inquiry page also allows for the entry of any notes or actions pertaining to the asset.

  • Location Inquiry

    Location inquiry enables the tracking of an asset, including where it is located geographically. Similar to class inquiry, locations inquiry provides asset class information, but also includes address, contact name and telephone information.

  • Notes and Photos

    A unique function of the SapphireOne Assets mode is to allow for the recording of a varied source of information about the asset, as well as enabling users to keep a visual record of the asset. The photo record of your asset allows for easy identification of that asset, which is especially useful when authenticating a business’s asset registry.

  • General Ledger enquiry

    A unique function of the SapphireOne Assets mode is to allow for the recording of a varied source of information about the asset, as well as enabling users to keep a visual record of the asset. The photo record of your asset allows for easy identification of that asset, which is especially useful when authenticating a business’s asset registry.

  • Method Enquiry

    Depreciation methods can be created for insurance, tax or valuation purposes. The primary and secondary are displayed on the valuation page. Only the primary method is transferred to SapphireOne Financials, and would therefore be the tax depreciation method.

  • Depreciation Page

    The depreciation page provides asset depreciation information for both tax purposes as well as company purposes. Both have the suggested depreciation rates including the common Straight Line method, as well as diminishing value and cost price methods. The tax information is the only information is transferred to SapphireOne Financials general ledger.

  • Password Inquiry

    Passwords are a valuable asset to any company, as your company’s ICT or systems administrator will tell you. Full password details can be tracked, including who owns the password; hardware, software, or software service that the password is for; full user name; short user name; activation date, deactivation date, if currently active, and which system users have created and updated each record. Each password record has a unique number, so they can never be confused, and this allows a full history of each password for a user name or hardware to be kept.

  • Department Inquiry

    Department inquiry allows you to group assets within a Location. It is a centre for a variety of department and asset information. Details such as names, notes and general ledger accounts can be entered here. In addition to these pages department inquiry contains a valuation page displaying the total valuation of Assets for the department based on tax or company calculations.

  • Contact Inquiry

    Contact inquiry allows the recording of contacts and the linking of Assets to those particular contacts. Although the recording of contacts is staff normally, contacts can also be service agents, sales agents or repairers. The user is also able to link the asset to any particularly contact. A unique function to the SapphireOne Assets mode allows for the recording of varied sources of information about the contact, enabling users to also keep a visual record of that contact. The photo record of your contact can benefit the security of your organisation through ensuring access only to authorised agents.

  • Custom

    Custom provides the ability to customise any information required by your company. Providing a variety of field types, the information you can record here is not limited by the type of fields available as the user can change the field labels by using the change names function. Information such as additional contact names, departments, phone numbers, dates of service checks or repairs can all be stored. Correspondence with a particular contact name can also be placed in this area.

Assets Module > Inquiry Section 

The Inquiry menu of assets module allows the maintenance of records stored in the database.

  • Asset Inquiry

    The main area of control for assets.

  • Asset Class Inquiry

    For the classification of assets.

  • Location Inquiry

    For the tracking of where the asset is actually located.

  • Password Inquiry

    This is for the storing of Passwords, Serial Numbers Keys etc. for any asset.

  • Location Class Inquiry

    For the grouping of various sections or departments within a location.

  • Contact Inquiry

    For the tracking of who is responsible for the asset.

  • General Ledger Inquiry

    For the accounts to be used when updating the Accounting system.

  • Vendor Inquiry

    To allow the recording of Vendor information relating to the purchase and payment of an asset.

  • Method Inquiry

    Allows multiple methods of depreciation to be set up.

Asset inquiry mac
Asset Inquiry
Each asset can be linked to a particular classification, location. By default, only Assets that are set as active will be displayed. This is the list in the Bondi Blue Demo that is displayed when the Include Inactive selection is made from the Tools Menu.

Asset Inquiry - Details Section

Details section contains many sub menu , those are Details, More Details, Custom, Depreciation, Valuation, Method, Transactions, History Transactions, History by Period, Computer Equipment details, Keywords and Notes. 
Asset inquiry details mac

Details Page

This Details Page provides the base details of the asset.

Asset Area:

The Asset’s ID, Name, Company that it belongs to maybe recorded here. These items are required before the user is allowed to save the Asset with the green tick.

The user then has the option of linking the Asset to a Department, a Class and a Project if needed. If a project is entered and depreciation is run it will then be

linked to the Depreciation Expense Account.

Details area:

Additional details may be entered in this area. The purchase price and the date the Asset was purchased.

Serial Numbers and warranty expiry dates may also be recorded. If an Asset Disposal transaction is created the system will enter in the date that the disposal was created in the Disposal Date data entry field.

Asset inquiry more details mac

More Details Page

The More Details Page provides the ability to record Insurance details, Bar Code data, Estimated Usage and General Ledger Default Accounts.

The precedence for G/L accounts for an Asset is as follows, Asset Inquiry, Asset Class TO then finally Company Inquiry Asset Control Accounts. The system will check each one in the order above until it finds a valid G/L account to auction any transactions to, for the Asset.

Asset inquiry depreciation page mac

Depreciation Page

Miscellaneous area:

This provides the ability to record the Cost Price Limit as applicable to Luxury Motor Vehicles as is the requirement in Australia and any Business Use that is applicable for the Asset from zero to 100%.

Since this limit is varied from time to time provision has been made for the user to enter this limit.

The screenshot here is for an asset that is a Motor Vehicle.

Once the ‘motor vehicle’ checkbox is selected the ‘Cost Price Limit’ will be displayed as seen in the screen shot here, enabling the entry of the current Cost Price Limit.

In Australia as of the 2010/2011 financial year, the limit is $57,466 inclusive of GST and Luxury Car Tax. This limit will alter as the year’s progress so for more information visit the ATO website for up to date details

The Primary/Tax and Secondary/Company depreciation schedule information is also displayed on this Page.

Tax Area:

  •   This area contains the Opening Written Down Value and the Depreciation for this year, and last year is displayed as calculated by the system.
  •   Other items such as Expected Life, Residual Value and the Type of depreciation are user entered.
  •   If the Asset purchased has an initial value of less than $1000 you may select the checkbox and the Asset will be placed in the low cost pool.
  • ‘Include in Low Value Pool when the written Down Value is less then $1000’ -  If the Asset has an initial value of over $1000.00 and the depreciation is set at Diminishing Value you may select this option to move it into the Low Value Pool automatically when it’s written down value drops below $1000.00.
  • The Asset may also be placed in the Software development pool   . This is a special pool for software developed by that company. These Assets are depreciated over 4 years at 0, 40, 40 and 20% straight line.Company Area:Apart from the official ATO tax rates for an Asset, the company may also elect to depreciate the Asset at different figures to the tax office and the user may enter these figures into this area. If they are entered the system has the ability to record, track and report on these figures for the Asset as well as the Official rates for the tax office.

Asset inquiry valuation page mac

Valuation Page

This page displays the Primary and Secondary Depreciation Schedule information.

Asset inquiry method page mac

Method Page

This displays a summary of the depreciation schedule available for this asset.

Asset inquiry history transactions mac

History Transactions Page

Displays all current transactions relating to the asset.

Note that in Bondi Blue all depreciation is merged into the single General Ledger journal.

When this Page is selected that system will display in the list all transactions that have been auctioned against this asset

Asset Class Inquiry

The Asset Class Inquiry provides the option to group Assets, such as Furniture and Fittings, Plant & Equipment etc. See the screens here. 

Default General Ledger (GL) area 

The General Ledger Account details in the Asset will be automatically filed in from the details here when you green tick. However, if you then go in and alter the General Ledger details in the Asset itself the alterations in the actual Asset will take precedence.

asset class inquiry mac

More in Assets Mode

asset class Location inquiry mac

Location Inquiry

This allows the tracking of where an asset is stored.

A Location Inquiry also allows the grouping of similar types of assets within a Location while providing Contact details.

This is the MFCS class in Bondi Blue and note that the entering of a Company ID is provided for. For Company, specific logins, the Company ID that the user is currently logged in to will be inserted by default by the system for any user who creates a location.

You should be aware that no Company ID will mean that ALL users across all Companies will be able to see the location thus created.

In the Location area the Location ID and name are entered/displayed as well as the Class, Company and Department details.

The Details area holds additional information relating to the location.

The lower part of the window displays all of the Assets that have this location as a location declared.

assets password inquiry mac

Passwords Inquiry

The Password Inquiry function allows the storing of passwords within the SapphireOne system.

Since Passwords in essence are a very sensitive issue access to them is restricted at several levels.

This Password function is also accessible from the Inquiry Palette menu and is identical with the Password Inquiry here in Assets Mode.

This function will enable you to store Passwords for any asset or program.
An Asset may be Physical, (Computer external drives USB drives etc.), software or virtually anything

Selecting Passwords from the Inquiry Palette will display a list of any Passwords already stored in the system.

 

assets contact inquiry mac

Contact Inquiry

This allows the recording of contacts and allows the linking of assets to a particular contact/s.

The Contacts Inquiry list seen below may be accessed from a number of areas within SapphireOne.

 

asset general ledger inquiry mac

General Ledger Inquiry

All Assets must be linked to General Ledger accounts and these accounts must be set up before attempting to set up Assets.

SapphireOne will then display a full list of General Ledger accounts already in the system as seen in the picture here. 

From there you may view or modify existing General Ledger accounts or select the new plus button to create new General Ledger accounts that will be required for Assets.

One such General Ledger account is displayed here to the right from Bondi Blue demo company. 

asset vendor inquiry mac

Vendor Inquiry

This allows the entering of all necessary details for a Vendor when purchasing an asset.

The same Vendor Inquiry may be made by going to:
Accounts \ Payables \ Vendor Inquiry