Fixed Asset Management ERP for Mid-size Business

There are two general classifications of assets, short-term assets and fixed assets. Short-term assets are those that remain on the books for less than one year. Short-term assets include things such as cash and office supplies which are commonly used up in a short amount of time. Fixed assets are those assets that remain on the books for more than one year. The IRS defines fixed assets as property or equipment with an estimated life in excess of one year.

Fixed Asset Management ERP provides an easy-to-manage, single version of the truth for the fixed assets. It enables to maintain and control the complete lifecycle across depreciating or non-depreciating assets from creation to depreciation, revaluation and disposal. It supports detailed PMV management link, including maintenance schedules and insurance, while providing tight accounting integration so that the fixed asset information is always presented accurately on the financial statements.

Fixed Assets Management is designed to provide fast, dependable, customizable fixed asset management to maximize the bottom line. Fixed Assets combines acknowledged depreciation expertise and user friendliness with the added power, data security, and functionality that meets the business situation demands.

Run projection depreciation calculations and move fixed assets between business units with ease. Fixed Assets provides you with the additional ability to execute partial and whole transfers and disposals, conduct bulk disposals with automatic gain/loss calculations, and track transfer activity with as little as a single keystroke.

Benefits at a glance

• Life cycle management tracks assets from acquisition through final disposition
• Detailed asset profile provides complete depreciation history to assist with asset retirement management.
• Group assets to depreciate all the assets in each account as a single item.
• Automatic calculation of the depreciation according to the predetermined plan
• Automatic links to financial modules enables calculated depreciation entries to be posted directly to the general ledger.
• Fixed Assets utilizes an intuitive interface that’s easy to implement, learn, and use. Asset Masters ensure that you can create new assets quickly and accurately.
• Reduce associated operational costs
• Eliminate human errors in processing documents related to fixed assets
• Obtain visibility and control over any operations on fixed assets