Sharetec’s Fixed Assets
program is not only smart and customizable but a perfect way to avoid a potential meltdown over dreaded account errors. The Fixed Assets program auto-depreciates your assets and correctly updates the general ledger entries based on the parameters that you establish. Your Credit Union simply provides the depreciation start date, acquisition amount, asset life, frequency, and salvage value and Sharetec takes it from there. 

Sharetec’s Fixed Assets program will work diligently to assist your Credit Union in avoiding errors. The system enables you to create your own fixed assets types, as well as connect the proper general ledger accounts to them. Therefore, when your assets are auto-depreciated, you avoid any possible frustrations caused by errors as the system easily utilizes the correct general ledger accounts and eliminates mistakes.