Fixed Assets Management

 
 
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 selling it or excluding it from records.
 

The Most Important Functions :

 

  • Defining the asset by its financial and non-financial data.

  • Inputting assets transfer transactions either between branches, cost centers, sites or employees.

  • Carrying out transactions of asset increase, decrease or exclusion either in quantities or values.

  • Recording transactions of assets depreciation calculation and adjustments carried out in quantities 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 possibility of evaluation.

  • The possibility of converting warehouse items to assets; or fixed assets to warehouse items. 

 

The Most Important Features :

 

  • Loading every period with what its allocations when carrying out transactions of depreciation, addition, or exclusion.

  • Linking assets with sites, cost centers, activities, and projects.

  • Following up asset’s movements, locations, stocktaking, depreciations, and recognizing its variable states.

  • Depreciating asset to the close day or month; and allowing stopped and expired asset depreciation.

  • Displaying productivity efficiency data of asset and expenses disbursed on.

  • Providing future data about assets and their remaining ages.

  • Issuing multiple reports such as : assets data, movements, depreciations, ….etc.

 
Fixed Assets Management System links OnyxPro Systems by influence on accounts and cost centers. It achieves the flexibility of assets movement between different accounting entities, sites, or even persons.