accounting

Smart and customizable

Sharetec’s Fixed Asset program automatically depreciates your assets and updates the general ledger entries based on parameters defined by your credit union. Simply provide the depreciation start date, the acquisition amount, asset life, frequency and salvage value and Sharetec takes care of the rest. You can also create your own fixed assets types and associate the proper general ledger accounts to them so when the assets are automatically depreciated, the system uses the correct general ledger accounts and mistakes are eliminated.