Optional Features
Fixed Assets
Minotaur’s Fixed Assets allows you
to set up assets, existing and acquired, decide the depreciation
method that applies, record the
life and salvage value at which
point the system will calculate
and set up the appropriate G/L
entries for the upcoming periods
to record depreciation.
Accountants like that it sets up the
future entries but has a separate
mechanism for posting, so that
adjustments can be made without
the complication of adjusting entries. The Fixed Asset functionality
allows you to manage early disposals and provides reports by asset, user defined asset class and
G/L entries by time period.
Minotaur’s Fixed Assets option
makes it practical to depreciate
assets monthly, instead of just
making once a year adjusting entries.
Canadian Payroll
Minotaur Payroll is a complete
payroll management system for all
provinces except Québec. You
can maintain a comprehensive
employee file with full detail of
each payroll. Minotaur automatically calculates the correct deductions and earnings for each
payroll, and records the information for subsequent ROE and T4 purposes. Updates are issued in
January and July as new tables
are released. Export files for direct
deposit of pay cheques can be
generated for your bank.
The result: Minotaur’s Payroll module enables you to manage payroll in-house.
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