New software from Autologica helps auto dealers manage fixed assets

Autologica today announced the release of its Fixed Assets software package, an add-on module for its well-established Autologica Dealer Management System product used by auto dealers around the world.

Autologica Fixed Assets is fully integrated with the company’s DMS solution, specifically with the Accounting module, and addresses fixed asset purchases and sales, depreciations, accelerated depreciations, the process to roll back depreciations, and other similar issues.

Auto dealers can record fixed asset depreciations based on the length of life of these assets; the software also helps dealers create a depreciation plan, restore capital invested in fixed assets, generate reports and create financial statement appendices.

Other significant features include:

• Increased control over fixed assets
• Value fixed assets at their residual value
• Save time in the generation of monthly and accelerated depreciations
• Manage depreciations by store and by brand
• Eliminate fixed assets, including mass write-offs, when there are related assets (due to obsolescence, sales, loss)
• Relate fixed assets to vehicles used internally
• Add fixed assets by batch
• Categorize fixed assets or differentiate them by areas or sub-areas
• Carry out inflation adjustments for each fixed asset
• Reports exportable to Excel, PDF, Word, etc.

“We’re committed to continually improving our dealer management system by listening to our customers, and the Fixed Assets module was something many dealers have requested,” said Al McClymont, CEO of Autologica.

The Fixed Assets is an optional add-on to the Autologica DMS, and like all of the company’s software products is available in English, Spanish.