Sign In / Register
Tailored for Utilities, Native on SAP S/4HANA
Finance4U Property and Lease Accounting
byUtegration, LLC
Solution Types
Applications
Works with
SAP S/4HANA
Benefits and Features
Benefits
Automate the asset capitalization process
Automate the capitalization process through as-planned or as-built information passed in from EAM tool. Generate cost allocation rules to different retirement units automatically. Create accounting postings along the capitalization process for install and removal work.
Increase transparency on asset balances and transactions
Enhance SAP Universal Journal with further categories required by utilities: retirement unit, plant account, vintage, and asset location. Provide plant account balance report, and life analysis for regulated asset, following the life-cycle defined by FERC (Federal Energy Regulatory Commission).
Ensure compliance to regulations and new accounting standard
Retirement posting compliant to public utility accounting principle, with cost of removal, retirement of both original cost and depreciation accrual, and gross salvage into the reserve. Operating lease accounting fulfill new lease accounting standard ASC 842.
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.
Continuing property records
Continuing Property Records provides necessary functions to effectively manage mass asset by retirement unit, plant account, vintage, and asset location. It provides a thorough view on the retirement unit balance and its history, as well as vintage-based life analysis and net salvage analysis.
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.
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).
More Features
Plans and Pricing
hand with checkmark
All Plans include
Finance4U Asset Order
Continuing Property Records
Plant Account Balance Report
Depreciation Study Reports
Finance4U Property and Lease Accounting On-Premise Edition
From
USD
500,000
.00
Per One-Time
Finance4U Property and Lease Accounting On-Premise Edition
Support both Location Asset and Mass asset
Support both Regulated Asset and Unregulated Asset
Operating Lease Contract Management
Lease Payment Schedule and Accounting Posting
Lease Contract Remeasurement and Partial Impairment
Disclosure Report
Technical Information
The information contained in this section is provided by the publisher.
Solution Types
  • Applications
Works with
  • SAP S/4HANA
Publisher
Utegration, LLC
Utegration is one of the largest full-service SAP consulting and solutions companies in North America focused on the utilities and energy industry. By providing the expertise and innovative products, Utegration is turning utilities into intelligent bus...
Publisher Website