Knowledge Center

Overview of your investments.

Automatic monthly depreciations.

Prognosis over your depreciation costs.

Possibilities to create reports used in audits.

Activate fixed assets - An investment is a tangible fixed asset that exceeds a value given by the authorities. If the purchase price exceeds this value, the tangible fixed asset must be activated in a register. This is usually done when the invoice is received.

Make depreciations - Depreciation of the asset is a periodic activity usually done every month. If the fixed asset register is updated, the depreciation can be done with a few keystrokes.

Depreciation rules - The tangible fixed assets' financial lifetimes vary. A large machine in a manufacturing company might have 10 years financial lifetime, or more. An expensive computer might have 3 years financial lifetime. Land and buildings have very long financial lifetimes, sometimes eternal value. All of these scenarios must have separate depreciation rules.

Write-down of fixed assets - If tangible fixed assets get obsolete, damaged etc. the value decreases. You perform write-down of the fixed assets to update the general ledger with correct values.

Register assets - Fixed assets are registered based on supplier invoices. The system provides an efficient way of importing information from the supplier invoices into the fixed assets register.

Register assets manually - It is possible to manually register the fixed assets directly into the register. Possible reasons for doing this:

Adjustments on existing assets - It is possible to adjust a fixed asset's postings in the general ledger. A reason for adjusting can be that the depreciation is not set up correctly.