Gain an overview of your fixed assets and ensures correct periodic depreciation. This module also enables you to keep track of your maintenance costs, manage insurance policies, post fixed asset transactions, and generate various reports and statistics.
Standard reports and analytics are built in, move beyond traditional reporting constraints and design various types of reports
Allocate the cost of fixed assets, such as machinery and equipment, over their depreciable life and analyze current operating results
Record fixed asset acquisition cost in the relevant G/L account, bank account, or vendor by posting an acquisition transaction
To prepare your budgeted income statement, budgeted balance sheet, and cash budget, you need information about future investments, disposals and depreciation of fixed assets. You can get this information from the Fixed Asset – Projected Value report.
