Capital Asset Planning and Management with Budget Maestro
Capital assets are often a significant line items on a company's financials, yet they are haphazardly tracked, often with spreadsheets and frequently by multiple business units within an organization. Whether you’re purchasing new property and equipment, evaluating a merger/acquisition or adding a new location, these decisions impact your capital asset budget and its impact on your balance sheet and cash flow plan.
An integral part of Budget Maestro, budgeting and forecasting software, the Capital Asset planning software feature enables you to forecast your capital asset requirements today and years out. Easily associate these purchases and related expenses to particular departments, projects, etc., so that you can accurately gauge the impact on your Income Statement as well as Balance Sheet and Cash Flows.
Depreciation schedules, i.e. straight line, double declining balance, sum of years, as well as MACRS tables are automatically included in the package. This enables you to automatically and accurately calculate depreciation for any existing and future assets you purchase. Optionally, you can create a custom asset depreciation schedule based on a specific requirement.
Budget Maestro enables you to:
- Streamline the capital asset planning process
- Track the depreciation on existing and forecasted assets
- Establish separate acquisition and in-service dates to accurately calculate depreciation expenses
- Calculate the gain or loss on disposal of an asset
- Analyze the impact of capital expenditures on your cash flow