A Fixed Asset is a long-term tangible property that a firm owns and uses it in its income production and is not expected to be consumed or converted into cash any sooner than at least one year's time.
Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.
Although tracking assets is an important concern of every company, regardless of size, many organizations face a significant challenge to track the location, quantity, condition, , maintenance and depreciation status of their fixed assets.
And therefore without an accurate method of keeping track of these assets it would be very easy for a company to lose control of them.
KASH Fixed Assets module follows up all the fixed assets financial accounting & controls all its types by applying different depreciation methods. The system generates a monthly or an annual depreciation entry to the General Ledger.
It helps you to easily manage your assets, going through the process of asset definition, sales process, impairment and asset depreciation.
There are 3 types of Fixed Assets
There are many options in the fixed assets module which help you to reach the ultimate purpose of managing the total assets net book value.
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