Fixed Asset System is an administrative tool for the control of asset management and depreciation.

The important contribution that the Fixed Asset System brings to the Financial Module is that assets can be entered using various depreciation methods that are provided with the system. The user defines the formulas the system will use to calculate depreciation. Thus, you control the entry and calculation of depreciation for your company assets.

Fixed Asset System provides automatic asset integration with the General Ledger System and is reported accordingly. The asset record accumulates depreciation by the month, year-to-date, and cumulative.