“According to the reporting requirements of the Close Corporation and Companies Act, every business must keep accounting records which are necessary to fairly present the state of the affairs of the business. This includes recording the acquisition and the cost of fixed assets, the depreciation, date of revaluation, the revelation at the time of the disposal of the fixed asset and the consideration received.”

As you use assets, they depreciate or become obsolete. You can legally expense depreciation in your accounts for tax purposes, and Pastel’s Fixed Assets module automates this process for you. Provide the initial information and the system will take over and manage your assets for you.

Purchase a new Pastel Xpress or Accounting package today and take advantage of a free one year trial period* of Pastel’s Fixed Assets software. It’s our way of helping you exercise good business practice.

For more information on how to activate your fixed assets contact wendy@trew.co.za or call us on 011 475 1561.

* Terms and Conditions apply.

Offer limited to customers purchasing new Pastel Xpress or Partner packages between 26 May and 30 June 2010.