HARDCAT Asset Management Worldwide

Expanded Revaluation capability in Hardcat

Thursday, 01 July 2010 00:00

Hardcat is welcoming in the new Financial Year in Australia with new functionality that will benefit our customers worldwide. Our Asset Revaluation functionality has been substantially expanded to better support organisations in compliance with accounting standard IAS 16 and the local interpretations of it (such as AASB 116 in Australia). Hardcat now offers a greatly upgraded interface for asset depreciation, allowing users to record both Gross (Proportional Restatement) and Net (Elimination method) revaluations.

The new release sees a host of new reports, including reporting on backdated Additions and Disposals that will make it much easier for organisations to manage these types of transactions.