Ask the Accounting Community

Best Units of Production/Fixed Assets Software?

  • 1.  Best Units of Production/Fixed Assets Software?

    Posted 01-18-2019 04:47 PM
    Hello everyone,

    We are currently using BNA Fixed Assets Web to manage our assets. This was one of the only fixed asset management software products found that was able to depreciate using Units of Production. Unfortunately, it doesn't have a reporting function for the Units of Production data and we have to manually enter units for each asset each monthly close. I have been looking on the web for any other fixed asset software that supports Units of Production to see if I can find anything better.

    Does anyone have any recommendations on fixed asset software they use or have used before that supports Units of Production Depreciation?

    A little info about our company:
    -Manufacturing
    -We usually manage 1,000+- assets
    -We are currently using a custom-created ERP utilizing Excel a lot.

    I figure, if anyone would know about this type of niche software it would be someone here. Thanks!






    ------------------------------
    Troy Navarro
    Cost Accountant
    North Salt Lake, UT
    United States
    ------------------------------


  • 2.  RE: Best Units of Production/Fixed Assets Software?

    Posted 01-20-2019 03:43 PM
    Why not create an interface to an Access database where reports can be developed? We had to do that when we couldn't get the SAP reports we needed. 

    Robin 





  • 3.  RE: Best Units of Production/Fixed Assets Software?

    Posted 01-21-2019 11:58 AM
    Hi Troy,
    I am the fixed asset accountant for a small utility. We use Powerplant sofware from Powerplan. They  do have a means to unitize capital costs to property units, or retirement units, the term I use. They are based in Atlanta, have been around for decades, and are focused on fixed asset accounting, rollforward and unit cost/book and tax basis accounting for units of property. All of their adhoc and fixed reports are easily exported to csv or text or excel, or PDF. I use their reporting extensively. It is a powerful tool that makes accounting for $billion in assets easy.  https://powerplan.com  --Robin

    ------------------------------
    Robin Cooke, CPA
    Manassas VA
    United States
    ------------------------------