The FIXED ASSETS Program Module is an application for recording fixed assets. It is necessary in daily operations of all companies regardless of their size and type of activity, and becomes more useful upon the introduction of IAS and IFRS.

The basic module function includes the import of main data on fixed assets: description, inventory number, date of purchase, place of inventory, place of cost, accountable employee, organizational unit, method and rate of depreciation.

Additional data for a fixed asset includes : warranty period, vendor  ,  manufacturer ,  date   of   purchase ,  date  of   first utilization, ...

Individual postings result in changes in the value of fixed assets, which can be tracked through the fixed asset account.

The Program enables the calculation of depreciation for the profit and loss account and for tax balance purposes.

The FIXED ASSETS Program Module enables calculation of depreciation for individual asset, group of assets or all assets.

The calculation of depreciation can be produced for one month, several months and for the entire year.

The program may record the following postings : purchase, investments, estimates, depreciation, sale and expenditure ...

Only one data import enables an automatic fill-in of both ledgers – for the balance and tax.

Reports that can be generated through the program are as follows : Fixed asset account, asset specification, breakdown of depreciation values, fixed asset inventory list, fixed asset expenditure, sale of fixed assets ...