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Fixed Asset Management

Depreciation Management

Automate complex depreciation calculations with support for multiple methods. Track asset lifecycle value, generate accurate financial reports, and maintain compliance with accounting standards.

Key Benefits

Automated Calculations

Support for straight-line, declining balance, sum-of-years, and custom depreciation methods.

Accurate Reporting

Generate depreciation schedules, journal entries, and financial reports automatically.

Lifecycle Tracking

Monitor asset value over time with detailed depreciation history and projections.

Time Savings

Eliminate manual calculations and reduce month-end closing time by up to 75%.

How It Works

1

Configure Depreciation Rules

Set up depreciation methods, useful life, salvage value, and calculation conventions for each asset class.

2

Assign to Assets

Apply depreciation rules to individual assets or bulk assign to categories. System calculates automatically.

3

Run Monthly Calculations

Schedule automatic depreciation runs or trigger manually. System updates asset values and generates journal entries.

4

Generate Reports

Export depreciation schedules, asset registers, and financial reports for accounting and compliance.

1

Configure Depreciation Rules

Set up depreciation methods, useful life, salvage value, and calculation conventions for each asset class.

2

Assign to Assets

Apply depreciation rules to individual assets or bulk assign to categories. System calculates automatically.

3

Run Monthly Calculations

Schedule automatic depreciation runs or trigger manually. System updates asset values and generates journal entries.

4

Generate Reports

Export depreciation schedules, asset registers, and financial reports for accounting and compliance.

Features Included

Multiple depreciation methods (straight-line, declining balance, SYD, custom)
Automatic monthly depreciation runs
Depreciation schedule generation
Journal entry creation
Partial year depreciation
Mid-period acquisitions and disposals
Book vs. tax depreciation
Salvage value tracking
Useful life management
Historical depreciation records
Audit trail for all calculations
Excel and PDF export

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