Take full control of your company's valuable resources with Account Asset Management module. This essential tool provides a robust framework for tracking the entire lifecycle of your fixed assets, from acquisition to disposal. It simplifies complex accounting processes by automating depreciation calculations and generating precise journal entries. Designed for seamless integration with accounting ecosystem, this module ensures that your financial records are always accurate, compliant, and up-to-date, empowering you to make informed decisions about your asset portfolio.
Complete Asset Lifecycle Management: Track assets from purchase and commissioning through to sale or disposal.
Automated Depreciation: Set up depreciation schedules using various methods (Straight Line, Declining, etc.) and let the system automatically post journal entries.
Asset Categorization: Organize assets into custom types and categories for better management and reporting.
Asset Revaluation: Easily modify asset values to reflect increases or decreases, with all changes logged for a clear audit trail.
Seamless Vendor Bill Integration: Automatically create asset records directly from vendor bills, streamlining the acquisition process.
Comprehensive Reporting: Generate detailed reports, including asset analysis, depreciation boards, and financial statements, in various formats.
Asset Disposal and Sale: Manage the sale or disposal of assets, with the system automatically calculating and posting any resulting profit or loss.
Improved Financial Accuracy: Ensure precise and compliant financial reporting with automated depreciation and journal entries.
Enhanced Asset Visibility: Maintain a centralized and up-to-date registry of all company assets for better tracking and control.
Streamlined Operations: Reduce manual effort and save time by automating key asset management tasks.
Informed Decision-Making: Leverage powerful analytics and reporting to gain insights into your asset portfolio and make strategic decisions.
Centralized Control: Manage all aspects of your company's assets within a single, integrated system.
Full Audit Trail: Keep a detailed history of all asset-related transactions and modifications for complete traceability.
Account Asset Management for Community Edition
Account Asset Manage and Asset Depreciations
This app allows users to manage accounting assets and depreciation . Your user can configure asset types/categories. Depreciation will be computed as per settings and journal entries for depreciation will be created using the wizard shown in the below screenshots.
Main Features:
- Allow you to set asset type on product form which will allow you to auto-create an asset from the vendor bill.
- The system will create an asset automatically if the vendor bill will be set with the Asset type/category so the validation of the vendor bill system will create an asset automatically.
- Allow you to compute depreciation of assets for periods as configured.
- There is a wizard which will create a depreciation entry for assets when you will run that wizard by selecting the date.
- Account asset types menu for setting up types of assets.
- The system adds assets list view and form view as per screenshots.
- View assets analytic report with depreciation date & vendor as per the below screenshot.
- View Bar Chart, Line Chart, and Pie Chart for assets analytic report.
- For more details please watch the video and check the below screenshots.
- This app is only compatible with the community edition.
Menus Available
- Invoicing
- Configuration
- Asset Types
- Accounting
- Management
- Assets
- Reporting
- Management
- Assets
Edition Compatibility:
Only Community
Asset Types Configuration
Asset Types List View
Asset Type Form View
Product Form View (Standard) - Asset Type
Assets Category - Vendor Bill Line [Standard]
Assets Menu
Assets List View
Assets Form View with Depreciation Board
Assets with Depreciation Information
Generate Assets Entries Wizard Menu
Open Generate Assets Entries Wizard
Created Assets Moves Entry List View
Open Created Asset Moves Form View
Linked the Generated Assets Account Move on Assets Depreciation Lines
Assets Report Menu
Assets Analysis Report (BI Report)
Assets Analysis Report - Depreciation Date
Assets Analysis Report by Vendor
Bar Chart - Assets Analysis Report
Line Chart - Assets Analysis Report
Pie Chart - Assets Analysis Report
Fiscal Years Menu Configuration
Fiscal Years List View
Fiscal Year Form View
