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Finance4U Extended Asset Accounting Reviews & Product Details

Finance4U Extended Asset Accounting Overview

What is Finance4U Extended Asset Accounting?

The Finance4U® Property and Lease Accounting Solution directly leverages the Universal Journal and enhances SAP’s Fixed Asset Accounting and Asset Retirement Obligation Module to simplify and streamline utility property accounting processes. The solution has achieved SAP Certification for integration with SAP S/4HANA and is available on the SAP App Center.

Finance4U Extended Asset Accounting Details
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Product Description

Utegration is a full-service consulting and solution provider specializing in analytics and SAP technology for the utilities and energy sector.


Seller Details
Year Founded
2008
HQ Location
Houston, Texas
LinkedIn® Page
www.linkedin.com
405 employees on LinkedIn®

Jamie R.
JR
Overview Provided by:
Marketing Specialist at Utegration LLC
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Finance4U Extended Asset Accounting Media

Finance4U Extended Asset Accounting Demo - Finance4U asset order
Finance4U Asset Order orchestrate the cost settlement from SAP Cost Object to retirement units represented by CWIP and RWIP assets. It automates the asset creation, settlement rule creation, and generates accounting postings along the asset installation or removal work.
Finance4U Extended Asset Accounting Demo - Remove, retire and reserve
Upon retirement, Finance4U automatically generates retirement postings compliant to public utility accounting standard, with cost of removal, retirement of both original cost and depreciation accrual, and gross salvage into the reserve account.
Finance4U Extended Asset Accounting Demo - Plant Account Balance
Plant Account Balance Report is presented on retirement unit or FERC Plant Account (300 series) level, along the life-cycle defined by FERC Account 101 (Plant In Service, PIS), 106 (Construction Completed Not Classified, CCNC), 107 (Construction Work In Progress, CWIP), and 108 (Reserve).
Finance4U Extended Asset Accounting Demo - Depreciation study support
Advanced Plant Account, or Asset Group level Life Analysis and Net Salvage Analysis, to support actuarial depreciation study methods, including Original Group Method, and Retirement Rate Method.
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