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Fixed Assets Module

Fixed Assets Module

The Fixed Assets module tracks long-lived assets from acquisition to disposal. It combines operational control of asset location and classification with the accounting impact of depreciation, sale, revaluation, and write-off.

What users do here

  • Define asset classes, categories, and physical locations.
  • Acquire fixed assets through purchasing or direct asset transactions.
  • Move assets between locations and keep a full movement history.
  • Run depreciation processing and review balances through inquiry and reports.
  • Dispose, sell, or revalue assets when business conditions change.

Typical workflow

  1. Set up the class, category, and location before creating live assets.
  2. Acquire the asset and confirm its cost, useful life, and responsible location.
  3. Process depreciation on schedule and review inquiry screens regularly.
  4. Transfer or revalue the asset when its use changes.
  5. Dispose or sell the asset and let the system post the financial impact.

Start with these pages

Connected modules

  • Purchases handles acquisition, Sales can handle asset sale, and General Ledger receives the accounting entries behind each lifecycle event.
  • Asset locations give operations and finance the same view of where equipment sits and what it is worth.

First-look advice

  • Do not start with depreciation. Start with clean class, category, and location setup so later processing stays consistent.
  • Use inquiry and movement history to confirm what changed before making corrections.