Fixed Assets Module
Financial Fixed Asset Register tracks fixed assets. Assets can owned by your company or another company and can be tracked at your locations or other locations such as customers or suppliers
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 low value pool).
The Depreciation Journal is written as a single journal each month manually - 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).
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 delivery runs, bus runs etc. to provide overall history of use
- A link to Journals created
- Any journal can be linked to an asset - for example purchase, additions, service, fuel, depreciation, disposal.
- Location of the Asset at customer for tracking for assets provided to or rented to customers.
- Owner of the Asset (useful when tracking assets owned by others such as promotional stands or fridges)