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Fixed Assets
The WolfePak Fixed Assets program is designed to help organize and manage depreciation entries. Once you enter details about your assets, the system can calculate the depreciation entries based on the information entered. Amounts can be changed to review the effect on the calculations, and optionally, the G/L entries can be imported into WolfePak G/L.The system manages up to seven sets of books for depreciation entries. The first two, called G/L and TAX, are set up by default. This enables you to maintain separate calculations for federal taxes and internal books.
There are also 21 pre-defined classes, such as AUTOMOBILE or REALESTATE, which are used to categorize similar assets. These classes cover most accounting situations, but other classes can be added if needed.
| What our users are saying....... |
| Some of the reports generated for our revenue owners for cash flow purposes etc are simply heavenly. |
| -Larry Linn Sunshine Valley Petroleum Corp |
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| WolfePak has truly blended into our business model and operations. |
| –Rex Gifford King Operating Corporation |
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| I really like the ability to bill by financial group and run lease operating statements by group. |
| –Shari Stroebel Double S Operations Mgmt, Inc. |
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| I love the ease of use and the experienced tech support that doesn't just read from a manual. |
| –Sherri Evans Wabash Production |
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