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Fixed Assets Management System is used for the organization’s fixed assets management from inputting, depreciation, and other transactions such as transfers, and additions until asset expiration by selling or excluding it from records.
The Most Important Functions:
- Defining the asset related financial and non-financial data.
- Inputting assets transfer transactions either between branches, cost centers, sites, or employees.
- Carrying out transactions of asset appreciation, depreciation or exclusion either in quantities or values.
- Recording transactions of assets depreciations calculation and amendments carried out inquantities or values.
- Carrying out transactions of assets evaluation in the market values when assets values are expired or renewed.
- Inputting transactions of assets stocktaking and comparing with on hand balances, with the capability of evaluation.
- The capability of converting warehouse items to assets; or fixed assets to warehouse items.
The Most Important Features:
- Loading every period with its allocations is when carrying out transactions of depreciation, addition, or exclusion.
- Linking assets with sites, cost centers, activities, and projects.
- Following up on asset’s movements, place of existence, stocktaking, depreciations, and recognizing its variable states.
- Depreciating assets to the close day or month; and allowing stopped and expired asset depreciation.
- Displaying productivity efficiency data of assets and expenses disbursed.
- Providing future data about assets and their remaining ages.
- Issuing multiple reports such as asset data, movements, depreciations, etc.
Fixed Assets Management System links ONYX Pro Systems by influence on accounts and cost centers. It achieves flexibility of assets movement between different accounting entities, cost centers or even persons.
