What's included

• Asset Identification:

  Assigning unique identification numbers or codes to each fixed asset for easy differentiation and tracking.

• Description:

  Providing detailed descriptions of each fixed asset, including specifications etc.

• Acquisition Details:

  Recording information about the acquisition of each asset, such as purchase date, cost, vendor details etc.

• Depreciation Records:

  Maintaining calculations and records of depreciation for each asset, specifying the depreciation method employed (e.g., straight-line, declining balance).

• Asset Classification:

  Categorizing assets based on their nature, function, or industry standards, facilitating financial reporting and analysis.

• Disposal Information:

  Maintaining records of assets that have been disposed

• Automated JE

  Automated JE generate