fixed asset management system

A tool for recording,Tagging, keeping & Tracking of Assets

Define:

  • Assets Classes
  • Departments
  • Cost Centers
  • Custodians
  • Suppliers
  • Locations
  •  

Acquisitions

  • Create new Assets, their detailed information, image, set of Depreciation method and allied financial information to calculate depreciation and net Book Value

Transactions

  • Asset Disposal. Revolution, write-off and transference from one cost center to the other, Auto financial vouching to book transaction into journal and ultimately post to the General Ledger,

Item Depreciation Calculator

  • This is a runtime Query to view each items periodic Deprecation calculation over years. This option allows to change Query permanents to see different patterns , which does not allow to post results into the journal.

Asset Register

  • Each times financial card to see data wise transaction like acquisition, Addition, transfers, revolution and write-offs.

Journal

  • Double entry financial transaction history posted into cost centers, COA and trial.

Service Log

  • Services and maintenance record is created through this option.

Depreciation Schedule

  • Periodic depreciation schedules are viewed on the basis of cost centers, departments, Asset type etc… And deprecation vouchers are generated

Cost Group Reporting

  • Cost group and financial ledgers grouping criteria that may or may not be coincident with asset department. These cost groups has direct relation with the chart of Account Codes. Repotting can be drawn from this Query to see what has to be changed into company COA.

Chart of Account

  • Chart of Account has been provided with the system to see actual double entry effect into company GL that may or may not run on this software. This is a kind of the accounting for companies who do not run rest of the accounting on this software created same code into the CDA of this Asset management Module as they keep in their Accounting System and compare them periodically to keep both aligned.

Trial Balance

  • Trial balance is the by-product of embedded GL, a great utility of Quickly compare results of Accounting System and Asset Management Module, if run Parallel
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