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The datas are recorded accurately as they are tied with the physical asset inventory, which is updated annually; providing accuracy at all time.
Firms having multiple assets located in different tax zones can insure business profitability by paying as little as possible for investments in lands, buildings, plant machinery and other fixed assets.
Increasing the performance of idle equipment and increasing their performance can save expenditures used to purchase new equipment
Fixed assets management allows to maintain accuracy in the calculation of profits and losses. Therefore, selling fixed assets or purchasing assets can be determined easily reflecting the process of depreciation and the available assets.
The application records all asset status, availability, release and reassigning status which ensures a clear record to manage company resource.
Combined with other modules this management system ensures accuracy while reducing redundant data entry.
The application shows assets with their allocation status which ensures easy management of reassignments of assets.
The system manages asset depreciation with IAS-16 depreciation methods which makes recalculating, adding additional depreciation, back depreciation easy.
Asset depreciation dictates the amount of an asset at the current moment after depreciation. It shows the updated total cost of an asset making the company aware of the condition of the asset at current times.
This report lists assets or products of a company with its serial number, product type, status, category and so on. The details of each product ensures inventory levels and cut costs of purchasing new products/assets.
The asset history shows the detailed description of the assets past records- opening value, closing value, duration, depreciation value and so on.
User can add new Item (category), new product and add new purchased assets. Asset List and Ledger will be updated for each transaction of asset addition.
PrismERP provides their users the feature of classify their Asset. Tangible (Land, Building, Machines, Plants, Furniture, Computer, Vehicles Etc) and Intangible (Patent, Software Etc)
PrismERP enables group reports of assets by Product cost, Class, Provider, Branch and Department etc.
Assets can be assigned to employees as a custodian.
Asset Tracking (Bar-Code , Serials, Register) is flexible solution that offers complete visibility in to the location, Condition and quantity of your assets.
Warranty Information can be effectively assigned for purchased assets.
PrismERP estimates Asset depreciation expense for the periods for which you project depreciation based on the financial information for your existing assets at the start of that period. The projection includes additions, transfers, and reclassification transactions you perform in the current period.
Disposal Method for Asset which can be generated for two purposes. Sales purpose disposal and wastage disposal
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Go through all the solution's overall features & reports of Asset Management
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