Account for asset purchases, disposals, and automate depreciation
Automated calculation of profit/loss on sale of asset
Track your assets
Centralised records to keep track of your assets no matter how big or small your organisation.
Supports P11D reporting
Track history of asset allocation to employees to facilitate P11D reporting. Track history of asset sales to employees to facilitate P11D reporting. Classify asset to P11D asset type to facilitate P11D reporting.
Automated depreciation
Assets can be depreciated automatically on monthly or annual schedule. Straight-line and reducing balance depreciation supported. Depreciation accounts configurable on a per asset basis
Asset revaluation and disposal
Asset revaluations and disposals automatically generate accounting entries taking into account any depreciation to date.
Asset ledger features also include:
12 major asset categories supported
Asset net book value reports show results of depreciation
Asset addition can be processed before purchase if appropriate
Automatic write-down of small balances when reducing balance gets small
FEATURES