I am writing a specification for the development of a Fixed Assets Module for an ERP system.

I have included the basics of additions, monthly depreciation including journal to nominal, disposals.  

What other features would you want to see in a Fixed Assets Package?

Hi Team, 

I have just joined a start-up telecoms company that provides wholesale bandwith to internet service providers and wide area connectivity to corporates. I have a financial services background so I am not sure of how things are done in some industries.

I am working to cleanse and improve existing data prior to adoption of a new system.

Records over 7 years old are virtually non existant.

I have a large number of properties in various different occupancy status.

It appears one property which is described as "freehold" is subject to a ground rent. Is this possible as my understanding was that freehold meant that the land and buildings on it were under common ownership?

A member has sent us the following query.  Can anyone help with this, please?  We could not find a specific answer. 

"We are a UK manufacturing company due to close next year, so we will have some fixed assets we are going to try and sell. Am I correct in thinking we would not charge VAT on these assets?"