Fixed Asset Overview
The Fixed Asset module enables you to periodically generate all assets transactions that automatically update your bookkeeping.
Besides depreciating assets you can also revaluate assets when the book value is not correct due to economic or business reasons, merge and split assets, and of course sell or dispose of assets.
| Assets | Description |
|---|---|
| Asset Class | This area defines how an asset will be depreciated, once the asset transactions is posted the asset register and financial ledger are updated immediately. |
| Asset Group | For each asset you can define a regime and the depreciation start date. |
| Asset Reporting | Generate your asset reports by link various criterias, for example: Asset class, Asset type, Depreciation period, to form the basis of your asset reports. |