Asset Creation and Categorization: Assets include and categorize assets based on type, location, or department for better organization and tracking.
Automated Depreciation: Provides and automates asset depreciation life cycle reporting to prevent business risks by aligning tax, double-declining balances.
Asset Lifecycle Management
Procurement Integration: Seamlessly integrates procurement through purchase records for asset tracking.
Asset Transfer: Create efficient asset transfers between locations or departments while maintaining a detailed transfer history.
Asset Disposal: Manage asset retirement or sale conditions or transfer of automatically-signaling financial records.
Maintenance and Warranty Tracking
Maintenance Scheduling: Plan and schedule regular asset maintenance activities to optimize asset utilization and control repairs.
Warranty Management: Link items and details to warranty costs and manage claims efficiently.
Financial Integration
Automated Journal Entries: Generate automatic entries for the financial ledger for asset purchase and reporting financial standings.
Accurate Reporting: Provides asset-specific financial reports on balance sheet, depreciation statements, and asset usage.
Compliance and Auditing
Audit Trail: Maintain a comprehensive history of asset movements, maintenance, and transactions for easy compliance and auditing.
Document Attachments: Attach and store relevant documents (invoices, warranty cards, etc.) for accurate asset record keeping.
Multi-Currency and Multi-Company Support
Global Operations: Manage assets across multiple companies and handle transactions in various currencies for international business.
