AccountingSuite supports the assets throughout their entire life cycle – from acquisition through depreciation or amortization to disposal, making it easier than ever to track and maintain accurate records.

Asset Management includes:

• fixed asset,
• intangible assets,
• prepaid expenses,
• low value assets.

The following operations relate to each type of asset, and one document can contain assets of different types – making accounting quicker and easier.

Following workflows with assets are available in AccountingSuite:

Acquisition of a non-current asset

Operation of a non-current asset

Sale of a non-current asset

Please read the following articles of the User Guide for more information:

Assets – AccountingSuite

How to book:

Initial recognition

Depreciation

Transfer

Disposal

Opening balances for the assets – AccountingSuite