Feature/Task | MYOB Accountants Office Fixed Assets | GRAGA AssetManager Pro (formerly MYOB AssetManager Pro) |
|---|---|---|
Calculations | ||
Diminishing Value % | Yes | Yes |
Diminishing Value Effective Life | Yes | Yes |
Prime Cost % | Yes | Yes |
Prime Cost Effective Life | Yes | Yes |
Commissioner's rates? | No | No - but can set rates manually |
2nd Element of Cost | N/A | Yes - has transaction |
Adjustment | No | Yes |
Private Use (% changes too) | Yes - manually change | Yes - transaction to change |
Scrap values | Yes - Straight Line method | No |
Revaluation | No | Yes - takes effect from period after transaction (day. month). Journals created need work. Also, doesn't readily identify that asset should be part of a 'revalued' group |
Changes in effective life | Yes - manually change | Yes - transaction to change |
Asset groups | Yes | Yes - can't change |
Reports | Yes - basic compliance only | Yes - comprehensive |
Balancing charge | N/A | Yes - issues if unapplied balancing charge remains after 'next year' |
Capital Gains | No | Yes - no reports, no option to choose CGT calc basis |
Non-standard year length | No | No |
Impairment | No | No |
Transfer between groups | Yes - edit sort number | No |
Multiples in one assets e.g. set chairs | No | No |
GST calculations (& Luxury Car Tax) - acquisitions & disposals | No | Yes - journals need improvement |
Software Development Pool | No | Yes |
Units of Usage | No | No |
Replacement Cost | No | No |
Add asset | Tabbed approach. Can preview journals | Tabbed approach |
Disposal – Voluntary | Distinction not relevant for NZ | Yes |
Disposal – Involuntary | Distinction not relevant for NZ | Yes |
Write-off | Yes - edit depreciation method in asset | Yes - transaction - cannot change account for journals |
Features | ||
Track custodian | No | Yes - no history |
Track location | Yes - no history | Yes - no history |
Track cost centre | No - but could use account number | Yes - no history |
Cost centre journals? | Journals posted will track | No - but have reports by Cost Centre |
Vendor | No | Yes - no history if changed (although should not need to change) |
Custom lists | No | Yes - no reports |
Service provider | No | Yes |
Insurance details | Insurer name only | Yes, Insurance Policy, Insured Assets, Insured Value Comparisons, Market Value |
S/N | Yes | Yes |
Warranty due | No | Yes |
Service logs/Notes | Yes - but just one bulk note field | Yes - separate log for each note |
Barcodes | No | Yes - need flexibility of label setup |
Asset Count/Asset Reconciliation | No | Yes (Including AssetManager Pro Mobile for iPhone/iPad based asset scanning) |
Graphs | No | Yes |
Inquiry function | No | Yes |
To Do List (Warranty, Service and Insurance Renewal Due) | No | Yes |
Integration with other products | Integrates with AO GL | Export depreciation journals for all the leading SME Accounting systems (MYOB, Xero, Reckon Acccounts, MYOB EXO and many more) |
History | Limited - can't print | Yes - report details each transaction |
Import/Export | No | Can import/export |