FIXED ASSETS ZETA ERP

FLOW PANEL

TRANSACTIONS

WHAT CAN BE DONE Purchase of Asset Depreciation monthly Location Transfers Disposal Write off

MAJOR FEATURES Any number of Locations Any number of categories Different depreciation methods for different categories. One item in different locations and cost centers. Automatic posting of depreciations Insurance details attached with asset Picture attached with asset Suppler attached with asset.

MAJOR FEATURES Integrated with finance module Reference document can be attached with asset master Asset reports with option for new creation.

FIXED ASSET CREATION Asset details like purchase date, supplier name, cost price, insurance details, depreciation details etc.. Can be saved. GL integration for finance posting can be saved against each asset. Asset number, location and cost centre are easily identifiable from asset master.

DEPRECIATION Depreciation can be calculated either straight line method or reducing balance method. Posted depreciation details against each asset can view from the enquiry screen Ledger accounts updated automatically against deprecation posting

Asset Transfer Asset transfer used record the transfer of asset from one location to another No journal entry is posted against transfer Asset transfer reports are available

Asset Disposal/ Write off Asset disposal or write off used to dispose the unused asset Journal entry posted in finance module against asset disposal and write off Sales revenue /scrap value received against the disposal of an asset. Write off an asset means remove it from the books of account by passing a journal entry.

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