Fixed Assets

The Fixed Assets manages information of assets depreciation and disposal. It applies the straight line method for depreciation calculation. It can also generate related vouchers to the General Ledger module.
Key Features:

• Multiple asset types

• User-defined useful life for each asset

• User-defined residual value for each asset

• Allow disposal of assets

• Allow to adjust asset cost

• Apply straight line method for depreciation calculation

• Assets register by department, by location, and by asset type

• Periodic assets depreciation and disposal report by department, by location, and by asset type

• Automatic generation of vouchers for depreciation and disposal