Fixed Assets and Depreciation
Effective Source Tracking
Fixed Asset Cards:
Economic life and depreciation calculation methods are added to each fixed asset card. Purchase, accumulated depreciation and expense codes can be defined for accounting transactions. Different purchases of the same product can be tracked on a single card. This process includes automatic depreciation calculations according to the purchase date and works in integration with accounting processes.
Depreciation Transactions:
Depreciation calculations are made in monthly or quarterly periods according to the preferences of the business. Approved calculations are locked and checked before being transferred to accounting.
Accounting Integration:
Calculated depreciation amounts are accounted for according to the specified parameters. Locked and integrated calculations cannot be changed to ensure data security and accuracy.
These features increase operational efficiency in fixed asset and depreciation management while allowing accounting processes to run smoothly.


