The Fixed Assets system from Computer MAGIC is designed specifically for the Club environment. It is a simple to use product that allows the Purchase and Sale of Assets to be processed as part of the normal transactions of the club. All necessary journal entries for Depreciation are generated and processed automatically into the General Ledger.

The Fixed Assets system integrates with the Computer MAGIC Cash Management and General Ledger system allowing the once only handling of Supplier invoices that contain Asset Purchases.

The system can be run by non-Accounting staff internally. There is now no need to have external professionals maintain an Asset Register and generate all the necessary journal entries for Asset Depreciation, Purchase, Sale and Scrapping of Assets. This will save the club in professional fees.

Some of the features of the FIXED ASSETS system include:

File and System Details

Data Input