Fixed assets and correct periodic depreciation

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.

  • Track fixed asset depreciations
  • Record maintenance costs and the next service date
  • Attach an asset to one or more insurance policies

Easily Monitor Assets and Report Deprications

Fixed Assets Reporting

Standard reports and analytics are built in, move beyond traditional reporting constraints and design various types of reports

Assign Depreciation Methods

Allocate the cost of fixed assets, such as machinery and equipment, over their depreciable life and analyze current operating results

Post Acquisitions

Record fixed asset acquisition cost in the relevant G/L account, bank account, or vendor by posting an acquisition transaction

Manage Budgets for Fixed Assets

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.

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