| | Description | The module is needed to be an integrated part of the ledger/procurement to manage , control and depreciate all the major equipment, buildings , and facilities.
The application should accommodate an unlimited number of assets. The application should adhere to either standard or hospital defined methods of depreciation ;
Furthermore the application should monitor and control assets in four statuses: initial, active , retired , and proposed.
Active and/or proposed assets may be incorporated into the budget, with budget projections automatically forwarded to the general ledger application. |
| 1 | | Initialize assets for purchasing via a link from the materials management and accounts payable applications | | 2 | | Maintain organization-defined categories of assets to enhance reporting and inquiry capabilities | | 3 | | Update costs of assets to reflect capital improvement | | 4 | | Track non-depreciating assets ( expensed items and land ) ; Track an unlimited number of comments to document changes made to an asset during its lifetime | | 5 | | Support user-defined fields in asset master file |
| 6 | | Support user-definable asset coding scheme by function, services, structure, cost center , or operational group | | 7 | | Maintain separate asset data for tax and managerial purposes | | 8 | | Maintain historical asset data | | 9 | | Provide ability to track leased assets | | 10 | | Provide ability to track leasehold improvements to leased assets | | 11 | | Maintain cost of improvements to existing asset as component of asset value | | 12 | | Provide ability to maintain a single asset for a multi-faceted project | | 13 | | Provide ability to backdate assets additions for the purpose of catching up on depreciation | | 14 | | Support ‘global’ ( or mass ) changes, adds or copies to assets meeting user-specified criteria | | 15 | | Ability to reflect any re-valuations of assets | | 16 | | Provide ability to group related assets into single composite asset | | 17 | | Maintain information about individual asset within a composite asset | | 18 | | Provide ability to distribute depreciation to multiple accounts | | 19 | | Provide ability to change asset’s basis and depreciation method | | 20 | | Provide ability to amortize or expense adjustments | | 21 | | Provide ability to capitalize or expense an asset | | 22 | | Provide ability to use multiple depreciation schedules | | 23 | | Provide ability to calculate and record the difference between book and tax depreciation | | 24 | | Add and track Capitalized assets | | 26 | | Automatically assign new assets a unique tag number | | 27 | | Maintain parent/child relationships between assets | | 28 | | Assign asset components to a parent asset , and cater for special numbering | | 29 | | Capitalize an asset as New asset , Asset in capital stores |
| 31 | | Asset number , type , category , and description | | 32 | | Asset tag number and controls | | 35 | | Acquisition data and start depreciation dates | | 36 | | Cost and depreciation method | | 37 | | Vendor identification , Manufacturer , serial number and model number | | 38 | | Lessor and lease number for leased assets | | 43 | | Original and current cost | | 44 | | Original purchase order number, original vendor | | 45 | | Acquisition date, cost and AP reference | | 46 | | Tax basis cost at acquisition | | 47 | | Depreciation expense account | | 48 | | Depreciation balance, depreciation methods – book and tax | | 50 | | Depreciation balance at date of transfer – book and tax | | 51 | | Disposal date and value | | 52 | | Tax basis: disposal value | | 53 | | Gain/loss: book and tax | | 54 | | Purge or restore archived data | | 55 | | Spare parts and manuals |
| 56 | | Asset categories : major , minor | | 57 | | Major categories to include : a) Buildings b) Plant and equipment c) Motor vehicles d) Office equipment e) Hospital equipment | | 58 | | Define asset sub-categories | | 59 | | Define asset types as : a) Tangible – fixed b) Tangible – moveable c) Intangible |
| 60 | | Online access to fixed asset transaction records | | 62 | | Leased property detail | | 64 | | Maintenance cost information by item | | 65 | | Historical / constant / current amount reporting | | 66 | | Capital lease obligations/payments reporting | | 67 | | Operating lease payments reporting | | 69 | | Insurance appraisal values carried | | 70 | | Construction-in-progress reporting | | 71 | | Amortize or expense adjustments to cost, depreciation method, salvage value | | 72 | | Update or change depreciation information for a group of assets | | 73 | | Transfer assets options: fully or partially, current period or retroactively, reinstatements, with proceeds , with trade-in |
| >>> Depreciation data | | Depreciation data to include : | | 76 | | Life in years and months | | 77 | | Adjusted depreciation rate |
| 78 | | Provide ability to calculate life-to-date depreciation for asset | | 79 | | User define depreciation calendars | | 80 | | Depreciation options : year-to-date , period-by-period | | 81 | | Rule-based user-definable depreciation | | 82 | | User defined prorating and retirement conventions | | 83 | | Standard and user-controlled depreciation methods | | 84 | | Automatic calculation of depreciation changes at period end | | 85 | | Capability to add new depreciation methods | | 86 | | First year conventions: half year, actual months, months after, modified half year, full year | | 87 | | Provide ability to calculate life-to-date depreciation for asset | | 88 | | Provide the flexibility to change the depreciation method, rate, and departmental breakdown during the life of an asset | | 89 | | Ability to track multiple depreciation values for an asset | | 90 | | Sample posting allowing users to view General Ledger posting and its effect on depreciation before the posting actually takes place | | 91 | | Depreciation expenses charged to department or departments based on a specified percentage | | 92 | | Ability to create user-defined depreciation tables ( such as ACRS ) | | 93 | | Proration based upon the month or half year convention ( in the fiscal year ) | | 94 | | The capability to determine, upon implementation, depreciation from a user-specified month | | 95 | | Prospective depreciation reporting for any future month or year | | 96 | | Retirement of assets, including retire type ( discarded, theft ) and date |
| 97 | | Standard and user-controlled depreciation methods | | 98 | | Depreciation method options : straight line , declining balance , sum of year’s digits, units of production, flat rate | | 99 | | Depreciation method list : by asset , type, department | | 100 | | Automatic calculation of depreciation changes at period end | | 101 | | Capability to add new depreciation methods | | 102 | | Switch from accelerated to straight line at user option |
| 103 | | Multi-company / multi division | | 104 | | Asset books in any currency | | 105 | | User-defined depreciation books | | 106 | | Unlimited books on Assets | | 107 | | Unlimited asset tracking in multiple books | | 108 | | Multiple books defined for each GL entity | | 109 | | Different currency or calendar per book | | 110 | | Limitation to just one entity book for GL posting | | 111 | | Expended items entered for property control purposes | | 112 | | Automatic GL update at period end | | 113 | | Automatic update of fixed assets system from AP entry | | 114 | | Automatic validation of manual FA entry from AP records | | 115 | | Automatic update of FA records based on transfers/disposals journal entries | | 116 | | Exception report : FA/AP reconciliation |
| >>> Revaluation and Interest Calculation | | | | 117 | | Revaluation by individual asset or grouped assets | | 118 | | Calculation of deferred depreciation for past years | | 119 | | Computation of interest on the average capital investment for specific period | | 120 | | Interest transaction generated in the general ledger |
| 121 | | Provide ability to transfer assets between companies , entities, locations, custodians, etc.. | | 122 | | Provide ability to transfer partial assets | | 123 | | Support retroactively transfer of assets including charge of associated depreciation to appropriate departments or accounts | | 124 | | Transfer asset : location | | 125 | | Transfer asset :cost center | | 126 | | Transfer into capital stores | | 127 | | Change asset category ( and all rules and depreciation to be recalculated ) | | 128 | | Change asset cost , residual value or asset life | | 131 | | Provide ability to mass transfer |
| 132 | | Provide ability to retire assets fully or partially | | 133 | | Provide ability to retire assets by units or by cost | | 134 | | Provide ability to retire assets currently or retroactively | | 135 | | Provide ability to calculate asset value gain or loss on retirement | | 136 | | Support reinstatement of retired assets |
| 137 | | Support on-line inquiry of asset’s purchasing, financial, depreciation and tax information | | 138 | | Support online access to assets by : asset serial number or id , type , location | | 139 | | Support online access to assets by: general ledger account | | 140 | | Track assets by number, description, type, tag number, location, PO, invoice, lease | | 141 | | Provide ability to display all transactions related to an asset |
| 142 | | Print detailed asset master file report | | 143 | | Print master file change audit trail report | | 144 | | Print asset additions and deletions | | 145 | | Print assets transfer report of assets physically moved among departments or entities | | 146 | | Print asset dispositions report | | 147 | | Print detailed asset retirement report | | 148 | | Print plant and equipment register with services contract, warranty information and notification dates | | 149 | | Print asset recap showing cost, salvage value, accumulated depreciation, current depreciation and book value | | 150 | | Print depreciation expense detail reports | | 151 | | Print depreciation expense summary reports | | 152 | | Print depreciation projection reports | | 153 | | Print property tax reports | | 154 | | Store and report replacement costs for insurance purposes | | 155 | | Ability to report on depreciation book for different periods | | 156 | | Transaction reports: period additions, transfers, disposals, depreciation – asset/type/department | | 157 | | Transaction reports : gains/losses – asset/type/department | | 158 | | Maintain independent tax data per asset | | 159 | | Adjust tax depreciation reserve for prior fiscal years | | 160 | | Default depreciation rules by date placed in service | | 161 | | Depreciation cost and expense ceilings | | 162 | | Calculation of book and tax gain/loss on disposal | | 163 | | Calculation of tax adjustments on disposal | | 164 | | Deferred depreciation option | | 165 | | Adjusted current earnings reporting | | 166 | | Gains and losses calculation for disposition of property |
| 167 | | Interface depreciation journal entries to the general ledger system | | 168 | | Create and post accounting entries for asset transactions |
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In this section you'll find a list of companies and organizations working in the healthcare IT sector in Egypt.