Fixed assets system


  • The ability to define an unlimited number of types of fixed assets and link these types with virtual accounts that are automatically included in the asset card when defining a fixed asset within a specific type.

 

  •      The ability to link the expected life of the asset with the type of fixed asset so that it is automatically included in the card of the asset identified within this type.

 

  •      The presence of a fixed assets tree in which the fixed assets are arranged and indexed according to the nature of the fixed assets and according to the user’s need.

 

  •      The presence of a card for the fixed asset that contains many useful and diverse fields, the most important of which are:
  1.      The name of Arabic origin, the Latin name and its symbol.
  2.      Asset type.
  3.      Depreciation method and expected life.
  4.      The accounting branch in which the asset is located.
  5.      Date of purchase and date of placement into service.
  6.      Virtual asset accounts.
  7.      Comprehensive information about depreciation in terms of: rounded accumulated depreciation, depreciation for the current year, closing the accumulated depreciation for the current year, and accumulated total depreciation.
  8.      Scrap.
  9.      Historical cost and book value.
  10.      Aggregate information about the operations carried out on the asset in previous years.
  11.      Aggregate information about the transactions carried out on the asset in the current year.
  12.      Row
  13.      A page containing detailed information about the operations performed on the asset.

 

  •      The ability to automatically include the default accounts placed in the fixed asset type card when defining a fixed asset within this type, by simply selecting the type in the asset card, with the ability to modify any of the default information listed if necessary.

 

  •      The ability to perform basic operations on the asset such as purchase, acquisition costs, development, maintenance, exclusion, sale, revaluation, and damage.

 

  •      The possibility of including complete information about the fixed asset transaction in terms of its code, date, the asset on which this operation was performed, the corresponding account for this operation, the value, currency, equivalent, the main statement of the operation and the sub-statement.

 

  •      There is a window for processing fixed assets through which we can review the operations that took place on each asset in total and on one line, with the possibility of performing a filtering process on the assets shown in this report under several conditions, including: date of purchase of the asset, asset account, type of asset, method of depreciation, branches. ...etc.

 

  •      The presence of a window for processing fixed asset transactions through which we can review the transactions performed on assets in detail, with the possibility of performing a filtering process on these transactions under several conditions, including: number, time period, asset, type of asset, type of operation, level of confidentiality...etc.

 

  •      There is a window for creating a depreciation note for fixed assets that has high flexibility in terms of determining:
  1.      Assets to be depreciated.
  2.      The time period of depreciation.
  3.      The branch within which the depreciation will take place.
  4.      Depreciation note symbol.
  5.      The currency of the depreciation note and the equivalent of this currency in relation to the base currency.
  6.      Depreciation note statement.

Developed by hadarasoft team