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Home / FullScreen ERP / Fixed assets

Fixed assets

A complete register of your business assets, from purchase to disposal. The system calculates depreciation periodically and generates its entries in the general accounts automatically, so each asset's book value stays up to date.

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In brief

The fixed assets module is a complete register of the business's assets from purchase to disposal. The system calculates depreciation periodically and generates its entries in the general accounts automatically, keeping each asset's book value up to date.

Fixed asset card screen in FullScreen ERP
Fixed asset card: Purchase and sale value, depreciation rate and accounts, and the asset's useful life.
Fixed asset depreciation screen in FullScreen ERP
Fixed asset depreciation: Calculate the period's depreciation and generate its journal entry.
Accounting screen in FullScreen ERP
Accounting: Chart of accounts and cost centers, journal entries, opening balances, and receipt and payment vouchers.

Workflow

Asset purchaseRegistrationPeriodic depreciationTransfer or maintenanceDisposal or sale

Features

Asset registerA card for each asset: category, location, custodian, purchase date, and cost
Depreciation methodsStraight-line and declining balance, by asset category
Automatic entriesThe periodic depreciation entry is posted to the general accounts with no manual entry
Transfers between branchesTrack each asset's location and who is responsible for it
Disposal and saleCalculates the capital gain or loss on sale or write-off
Additions and improvementsAdd later costs to an asset and recalculate its depreciation

Reports

  • Asset register
  • Depreciation schedule
  • Accumulated depreciation
  • Book value
  • Assets by category
  • Assets by branch
  • Asset movements
  • Disposed assets
  • Gains and losses on disposal
  • Fully depreciated assets

How it connects to the rest of the system

The periodic depreciation entry is posted to the general accounts without manual entry, so each asset's book value stays up to date, and the asset's location and the party responsible for it are tracked across branches.

General accountsReports and AI

Free tools related to this module

Depreciation scheduleFinance, cash or lease?

Questions about Fixed assets

What depreciation methods are available?
Straight-line and declining balance, depending on the asset class.
What happens when an asset is sold or scrapped?
The system calculates the capital gain or loss.
Can I add a later cost to an asset?
Yes, additions and improvements are added and its depreciation is recalculated.

Let's start with your needs

Tell us about your business, and we'll arrange a demo or consultation within one business day.

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