Every company owns fixed assets. In accounting, these are durable assets used to carry out its business. They must be tracked specifically for several reasons, in particular because they depreciate every year. Fixed asset management software makes it possible to manage a company's entire fixed asset base: from acquisition to disposal, including depreciation. This page looks at this type of software and answers the questions: what is fixed asset management software ? What are its features ? Why do you need one ?

 

Types of fixed assets:

The Fixed assets are specific assets owned by a company and used to produce goods, provide services or simply to rent out. In accounting, these assets are recorded in class 2 “Fixed assets” accounts and broken down by type into:

• The intangible assets : software, trademark registration, goodwill, start-up costs, leasehold rights;
• The tangible assets : land, buildings, industrial equipment, transport equipment, IT equipment, furniture, fixtures;
• And financial assets : shares, stock, loans granted to other companies, loans granted to employees…

By definition, a fixed asset management software is software that lets you manage the entire lifecycle of a company's assets. Each asset is isolated (a dedicated record is created for it) and tracked independently of the others.

Features:

In ourfixed asset management software we offer the following features :

• Asset entry and configuration of their various characteristics (valuation, depreciation period, depreciation method, investment grant, net book value…);
• Depreciation calculation, management of accelerated tax depreciation, creation and modification of the depreciation schedule (straight-line or declining balance);
• Automatic readjustment of depreciation tables in the event of a schedule revision, impairment of fixed assets or revaluation;
• Indication of the accounting entry to record the depreciation expense at each financial year-end;
• Calculation of forecast depreciation based on specific dates;
• Generation of a fixed asset register summarizing all assets owned by the company;
• Asset disposal and calculation of capital gains or losses.

We also offer the advanced featuresbelow:

• Automatic transfer of depreciation and asset disposal entries to the accounting software,
• Automatic generation of the company vehicle tax (TVS) return,
• Management of leases, finance leases and loans.