Fixed Assets Management – Onyx ERP
The Fixed Assets system ties the Onyx ERP systems together by posting to accounts and cost centres, and gives assets the flexibility to move between accounting units, locations or even people.
Key functions
- Define each asset with all its financial and non-financial data.
- Record asset transfers between branches, cost centres, locations or employees.
- Record additions to, reductions of, or disposals of an asset, whether the disposal is by quantity or by value.
- Record depreciation calculations and the adjustments made to them, by quantity or by value.
- Revalue assets at market value when their book value is exhausted or when they are renewed.
- Record physical asset counts, compare them with book balances, and revalue where needed.
- Convert stock items into assets, or fixed assets into stock items.
Key benefits
- Charge each period with its own share when depreciation, additions or disposals are processed.
- Link assets to locations, cost centres, activities and projects.
- Track each asset's movements, whereabouts, counts, depreciation and changes of status.
- Depreciate assets to the nearest day or month, and handle depreciation of suspended and fully depreciated assets.
- View an asset's productive efficiency and the expenses spent on it.
- Provide forward-looking data on assets and their remaining useful lives.
- A wide range of reports: asset data, movements, depreciation and more.
