Solwit

Fixed Assets Module

A fixed assets and inventory management module that ensures full control over company assets.
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System Capabilities

Fixed Assets Register

A catalog with detailed information on each asset, including acquisition value, location, responsible person, depreciation method, and useful life.

Asset Acquisition and Assignment

Record assets when they are put into use by registering acquisition value, accounting accounts, responsible person, and initial depreciation settings. Assign assets for use by transferring them to employees or departments, with the ability to track location and responsibility.

Transfers and Write-Offs

Easily transfer assets between departments or write them off using built-in transfer and write-off features.

Automated Depreciation Calculation

Calculate depreciation using your preferred method, such as straight-line, accelerated, or units-of-production method. All entries are automatically reflected in the accounting system.

Inventory Audit

Supports asset inventory audits by allowing assets to be labeled and tracked using barcode scanners, enabling fast and accurate comparison of physical assets with system data.

Maintenance and Upgrade Tracking

The system records all costs related to fixed assets, such as repairs or improvements. If significant upgrades are made, the system automatically extends the asset’s useful life and updates its value.

Automated Accounting Entries

All fixed asset transactions are automatically posted to the appropriate accounts, reducing manual work and minimizing errors. Data can also be exported to external systems, such as Wall.

Reports and Analytics

The module provides detailed reports, including depreciation analysis across multiple dimensions (by accounts, employees, categories, etc.), fixed asset transactions (purchases and sales), and inventory reports. Clear, comprehensive reports on asset status, location, responsible persons, and investments ensure full control and transparency.

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Roberts Customer Relations Manager