The system allows recording a complete record of fixed assets data such as asset code, description name, original value, purchase date, present value, location and cost center.
The system also allows recording all asset depreciation data such as depreciation method, depreciation percentage, life span and start date of depreciation
The system handles all asset transactions from purchase, depreciation, total exclusion, and partial exclusion
The system calculates the depreciation of fixed assets using the straight line or the decreasing installment methods.
The system calculates depreciations monthly or annually, and creates accounting entries for depreciation in the general accounts system when creating the final entry
