Fixed Assets

Full fixed asset lifecycle management from capitalization and depreciation to disposal, transfer, and reconciliation.

Define asset categories with depreciation methods: Straight Line or Declining Balance.

Track fixed assets with asset number, serial number, location, and custodian.

Capitalize assets from draft to active with automatic journal posting.

Run depreciation schedules with period-level entries and method selection.

Handle sales, write-offs, retirements, and losses with gain/loss calculation.

Transfer assets between branches, departments, locations, and custodians.

Track depreciable amount, accumulated depreciation, and net book value.

Reconcile fixed asset register with ledger accounts.

Overview of asset status, depreciation schedules, and upcoming disposals.

Asset register, depreciation schedule, disposal, transfer, and valuation reports.