Key features & benefits
- Manage the complete lifecycle of an asset via one intuitive interface
- Streamline management of assets through efficient depreciation and revaluation calculation engines.
- Simplify reporting with real-time access to accurate, asset data
- Speed up the asset procurement process with automated approval workflows and enforced policies
- Enable more efficient accounting at all asset lifecycle stages
Manage assets at every stage of their lifecycle, simply
Simplify the auditing processMake auditing easier with detailed, transaction-based audit trails. Get instant access to a complete history of every asset across its lifecycle, from acquisition to disposal. Categorise assets according to group, class, location and business.
Use the right depreciation policies for your assetsMaintain accurate asset values by setting flexible depreciation policies to suit every asset type. Set policies according to useful life estimates or use prime costs, straight line, diminishing value, units of usage or other customised methods to calculate depreciation. Manage taxation and accounting depreciation information independently, if required.
Get a better view with multiple asset valuesGain rich insights into your organisation’s asset portfolio with real-time access into multiple asset values including original cost, current value, insurance value and replacement cost. Enable effective capital budgeting and determine your insurance risk by comparing written-down asset values with replacement costs.
Take the stress out of tax time with detailed revaluationsMinimise the impact of asset revaluation–related income tax expenses on your future profit reports. Calculate the value of your assets with net, gross or replacement cost revaluations, and maintain details of increments and decrements. Use detailed calculations to enable tax effect accounting and meet international financial reporting standards (IFRS).
Make stocktaking more efficientManage your assets better with regular stocktakes and physical asset verifications using simple stocktake worksheets. Detailed history and exception reports help you physically manage your assets and record unclassified low-value items as fixed assets.
Tailor the system to your needsOur asset numbers have no predetermined format, giving you the flexibility to define asset classes and numbering formats that suit your organisation’s plant.
Benefit from a single registerUse one integrated register to record acquisitions, commissions, transfers, retirements, reinstatements, write-downs, revaluations, depreciations, useful life reviews, stocktakes, inspections, disposals and write-offs. When undertaking depreciation updates, Fixed Assets incorporates every transaction that directly affects the calculation and allocation of period depreciation charges.
Save time by streamlining asset acquisitionsReview new purchases and add them to your asset register in an instant with full Enterprise Asset Management and Supply Chain Management integration. When you purchase new assets, all purchase information will enter the asset register automatically, according to your defined workflows.
Create comprehensive reports, simplyStay on top of your reporting requirements by compiling detailed, holistic reports into your assets in an instant. Use a wide range of selection and sorting criteria to modify the report’s content and structure to suit your needs.
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