Chi-Star Technology
®
Copyright © 2018 Chi-Star Technology ®
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AssetCross® benefits include:

Transfer single or multiple assets between
corporate depreciation books, regardless of:
  • Currencies
  • Chart of account structures/values
  • Asset category value
Transfer Capitalized or CIP assets
Transfer assets financially at [GAAP Compliant]:
  • Cost or
  • Cost, YTD, and Accumulated Depreciation or
  • NBV or
  • Amortized NBV
Transfer assets life at:
  • Default Life based on new depreciation book
  • Original Life or
  • Remaining Life
Transfer full or partial (cost or units) assets
Translate transferred amounts to the receiving depreciation book's currency
Maintains audit trail between the asset being  transferred and the new asset created
Built-in approval process (Optional) [SOX Compliant]
Reduce risk of miscalculation of new values
Reduce the risk of incorrect data entry
Reduce the risk of data integrity