Automated Fixed Asset Register Software [AFARS]

Maintaining your Fixed Asset Register is an exercise in drudgery. It’s a time consuming, complicated and expensive procedure, the hassle of which is in direct proportion to the number of assets on your register.

AFARS is a best of breed, high-level, life cycle fixed assets system suitable for organisations of any size, in any industry group.

AFARS does automatically what accountants and auditors take hours to accomplish:

• Keeps track of opening costs
• Accumulates depreciation
• Calculates the income or loss from assets that have been sold
• Takes into account new assets
• Provides the book value of all fixed assets for accounting purposes
• Provides management with an accurate snapshot of the company’s asset book value at any given time
• Enables you to comply with the various statutory requirements (IFRS, etc) 
• Provides similar information required for tax purposes

• Calculates the smoothed lease or rental amount
• Allows for changes in made in the contract or any adjustments required at year-end