...
Assets
...
Generally
Assets can owned by your company or another company and can be tracked at your locations or other locations such as customers or suppliers Assets have the following features. . Certifications can be tracked with expiry dates. They have a Calendar that tracks activity in the system. They may have maintenance schedules, Odometer tracking and issues reported, tracked and resolved. Multiple documents and photographs can be attached.
Some Asset Features related to finance
- Asset Type - makes it easier to track and analyse different types of asset example delivery truck, sales rep vehicle.
- Use of the Asset - for example as a vehicle in Daily Sales Runs to in delivery runs, bus runs etc. to provide overall history of use
- A link to Journals for depreciation created using Journals Templates TrainingAny journal can be linked to an asset - for example purchase, additions, service, fuel, depreciation, disposal.
- Location of the Asset at customer for tracking and use in Loyalty Auditfor assets provided to or rented to customers.
- Owner of the Asset (useful when tracking assets owned by others such as promotional stands or fridges)
Fixed Assets Module
Fixed Assets are any Asset that is owned by your company.
The Fixed Asset Register and deprecition tracks fixed assets.
After configuring the Asset Groups and the associated Asset and Depreciation Accounts. Each asset owned by the company can be depreciated using either Prime Cost or Diminishing Value (unless in the low value pool).
The Depreciation Journal is written as a single journal each month manually from the dashboard - it can be rolled back if you need to adjust the created journal (for example if you sold and asset and it should not have been depreciated).