Asset Management is a module within the DraERP software that provides features for businesses to manage, track, and analyze information about their assets. This module helps users monitor the location of assets, assign responsible individuals for management, and track the usage status of assets (such as damage, maintenance, loss, etc.). Consequently, it enables effective cost management of assets and minimizes errors in unnecessary asset purchases, facilitating informed and efficient business decisions.
- Assets are any valuable items owned by a company. They can be tangible or intangible, located within the company premises, or carried by employees.
- The asset profile is the core of the Asset Management module in DraERP. All transactions related to assets, such as purchases, depreciation, maintenance, movement, disposal, and sales, are recorded in the asset profile.
- Automated depreciation scheduling is a feature that generates depreciation plans automatically based on depreciation methods and related inputs, such as the date the asset is ready for use, within the asset profile.
- Users have the flexibility to create multiple depreciation schedules for different financial ledgers.
- Depreciation methods may include straight-line or reducing balance methods, and it can be applied based on quantity or product volume. This automation helps in streamlining the process, ensuring accurate and efficient management of depreciation for various assets in an organization.
- Fixed Asset Depreciation Ledger
- This report displays information on the purchase amount, accumulated depreciation, and total accumulated depreciation for all assets within the selected date range. This feature also provides details on the current value and current depreciation status of the assets.
- Depreciation Expense and Balance Report
- This report shows the purchase, sale, and disposal costs of all assets based on asset categories. The report also provides details on depreciation based on the selected time period and the net value of each asset category.
- Asset Depreciation and Balance Report This report presents information about the cost, depreciation, and net value of all assets within the chosen date range. It includes details on the accumulated depreciation and current value of each asset.
- Please note that specific terminology may vary depending on the accounting or financial software being used. If you have a particular context or system in mind, providing more details would allow for a more accurate translation.