Module Experience
BUDGET
Plan future capital projects, inflation rates, forecasted overheads/AFUDC, and estimated closings to plant.
Create multiple budget scenarios for executive analysis/reporting.
PROJECTS
Initiate or interface work orders within PowerPlan for capital project maintenance. Interface Work in Progress charges, calculate actual Overheads and AFUDC, create unit estimates / as-builts for in-service or unitization.
ASSETS (CPR)
Continuing Property Records (CPR) maintain a historical record of all asset activity as per FERC regulation. Add, transfer, adjust and retire assets with an approval process and audit trail of all transactions.
DEPRECIATION
Calculate monthly depreciation expense, cost of removal expense, and salvage based on depreciable plant balances. Perform one time or recurring depreciation expense or reserve adjustments.
DEPRECIATION FORECAST
Forecast future depreciation based on existing plant balances and capital budget scenarios. Depreciation can be forecasted at the same level of detail as the existing depreciation module or at a summary level.
With a plethora of reports, perform forecast v. actuals depreciation analysis.
DEPRECIATION STUDY
Prepare for your company's next depreciation study using the detailed asset information contained within the asset subledger and/or load historical data from past decades.
CHARGE INTERFACING
Interface all applicable charges from the ERP system to the subledger and from the subledger to the ERP. Detailed querying can be performed from a repository or charges to uncover imbalances between the General Ledger and the subledger.
CHARGE ALLOCATIONS
Calculate complex overheads or burdening using charge allocations. SQL based rules allow flexibility for establishing the base of the calculation and tiered rules for calculation.
CHARGE DERIVATIONS
SQL based configuration similarly creates flexibility for establishing the base of a derivation, methodology for deriving charges and prioritized rules for such a calculation.
INCOME TAX
Load plant transaction data into the related income tax module for corporate income tax calculations. Take advantage of Bonus Depreciation and Repairs expense regulations for immediate cash flow improvements.
MASTER LIMITED PARTNERSHIP (MLP)
Calculate and follow MLP dropdowns and the impact on partners involved. K1 and related reporting is available within this module.
PROPERTY TAX
Load Property Plant and Equipment (PPE) and Construction Work in Progress (CWIP) balances into related property tax solutions for state specific rules for defining taxable property.
Reporting capabilities allow accountants to print out the pre-formatted reports. Users can track parcels and pay bills as well.
INCOME TAX PROVISION
Calculate and track M-Item balances and permanent tax v. book differences. Pull PP&E activity/balances and GL account activity/balances to report the value of an M-Item and the applicable taxes per tax entity.
TAX REPAIRS
Take full advantage of IRS tax deductions! Construction costs associated with repair work that represents less than a certain percent of the system's whole may be expensed for tax purposes. This accounting concept presents a significant potential for improved cash flow.
MATERIALS RECONCILIATION
Reconcile the quantity of assets installed and substituted out on any project with inventory. Quantity and material dollar amounts can be interfaced directly into the completion report for unitization.
SAP CERTIFIED ADAPTER
An interface adapter certified by SAP to interface master data and transaction data from SAP to the subledger and transaction data from the subledger to SAP.
ALERTS
Use alerts to identify bad data conditions and notify particular users or user groups with rectifying actions.
DYNAMIC VALIDATIONS
User dynamic validations in applicable screens to communicate to users in real time that certain fields are required and must contain a valid value. This preemptive data validation can serve as a hard stop to prevent users from entering invalid data or neglecting data.