RYTE Fixed Asset Tracking

A business owns certain assets, which are fixed in nature like land, building, plant, machinery and furniture. They are not meant for resale but are to be used in the business. They are purchased at a certain price and over the years due to wear and tear their value to the business decreases. This module helps maintain the value of each of the assets. It calculates the depreciation and makes reports available.

Features

• Fixed Asset Ledger
• Budget allocation of purchases against categories
• Asset Disposal Methods
• Depreciation with Straight Line Method
• Insurance value based on Premium
• Asset Transfer
• Asset Register to include Opening Balance, Transactions including Monthly
• Depreciation, Disposal and Insurance Calculation
• Asset valuation