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Fleet
Asset Management
This
module is used in conjunction with any of the front-end modules and is linked to the Nominal
Ledger. The objectives are to:
1
Manage a Vehicle Fleet Asset Register,
2
Reconcile Finance Re-Payments,
3 Automatically generate nominal journals,
4
Record vehicle maintenance costs,
5
Calculate Vehicle Profit and Loss both current 'to date' and for whole life.
When
supplied with our integrated nominal ledger, this provides an automated
input for Acquisition, Depreciation, HP and Lease repayments and RFL
pre-payments. The
system supports vehicle acquisition as Outright (Cash or Credit), HP
(Fixed and Variable Interest) or Lease finance (Operating or Finance).
The
acquisition modules also enable credit purchase additions. This allows
items purchased on credit after the vehicle acquisition to be added to
the vehicle asset register and posted to the purchase log to follow the
normal purchasing controls. Vehicle
depreciation can be calculated as either 'Straight line' or 'Reducing
Balance'. Vehicle
disposal details also held to allow a 'Whole life' cost analysis. RFL
pre-payment posting and reporting. In addition to the standing vehicle costs (RFL, Finance etc), variable costs of maintenance expenditure may be detailed as appropriate eg. Tyres, Internal/External Maintenance, Tail lifts, Refrigerators, Truck Loaders etc. This is in addition to VMRS (Vehicle Maintenance Reporting Standards) detailed analysis available through Fleet Maintenance. |
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