Features of the fixed asset system?
Maintaining a complete record of fixed asset data such as asset code, name, description, original value, supplier code, purchase date, present value, location and cost center.
The possibility of dividing fixed assets into different types and groups.
Record all asset depreciation data such as depreciation method, depreciation percentage, shelf life, start date of depreciation calculation, aggregate depreciation and others.
The system handles all asset movements from purchase, depreciation, total exclusion, partial exclusion, rehabilitation, capital increase, capital reduction, sale, .... etc.
The system calculates the depreciation for fixed assets by straight line method, declining installment method, or operating hours.
The system calculates the depreciation monthly or annually, and creates the accounting entries for depreciation in the general accounts system automatically.
Some fixed asset system reports
Fixed asset data report.
Asset description report.
Asset depreciation report.
Report of net assets and accumulated depreciation during the period.
Assets balance report during the period.
Report of assets purchased during a certain period.
Report of assets sold or disposed of during a certain period.
Depreciation restrictions report.
Assets position report according to the purchase date and the different types of depreciation.