Fixed Asset Management

Introduction to Fixed Assets in Boon

Fixed asset module enables us to maintain information regarding fixed assets, its life and depreciation models, monitoring and reporting. In addition, the system provides the details of depreciation, purchasing and insurance information and deductions applied in return of early payments. It enables us to make re-valuations, charging additional expenses and investments, accounting of monthly or daily basis depreciation, full or partial sales, preparing scrapping, comprehensive reports, inventory checking and debiting.

Fixed assets are an integral part of every enterprise, with number of assets ranging to thousands. These fixed assets, with their repetitive end-of-month operations, require perfect integration between the general accounting, cost accounting, and purchasing units. This module ease out the workload of these enterprises greatly by making it easy to manage fixed assets.

Reporting

The Fixed Asset Management module provides easy to access reports to meet official and administrative needs. There are wide range of reports that caters to different requirements. Reports can be generated in PDF or Excel files, with rich query parameters, various status settings, and detailed analysis.

Some examples of reports that can be taken with many different options:

• List of Fixed Assets with status.
• Fixed asset register (Detailed report which include addition, deletion and depreciation on each and every assets).
• Fixed assets addition register.
• Fixed assets depreciation register.
• Fixed assets revaluation register.
• Fixed assets deletion register.

Integration

The Fixed Asset Management module is tightly integrated with Financial Accounting, Cost-Centre Accounting, Purchase Management, and Sales Management modules.