Gearix effectively manages fixed, leased and expensed enterprise assets and fully supports capital works in progress. It enables you to define capital budgets and exercise control over them. The system supports extensive classification of assets and enables you to perform all types of transactions from asset addition to retirement.
It has a powerful asset history feature to view all associated transactions in asset life cycle. Flat rate, life based and units of production depreciation methods are supported with simulation capabilities to determine the most suited depreciation method and life cycle for your assets. You can revalue assets, maintain price indexes and take full advantage of available Investment Tax Credits. At your option separate corporate and tax depreciation books are maintained to satisfy corporate accounting and legal requirements for taxation purposes. The system also supports physical count of your assets.