At a glance
Maintaining a precise overview of the lifecycles of each asset in your company, from the time of procurement over the depreciation period through to divestiture, poses a particular challenge. Due to the complexity of the applicable tax rules and accounting rules, even the smallest error can have significant consequences. Fixed asset accounting is fully integrated within abas ERP, meaning that all asset acquisitions and depreciations are fully traceable. The full documentation of assets ensures compliance with the relevant rules.
abas ERP fixed asset accounting flexibly manages the company’s fixed assets on an inventory basis. All evaluations required for year-end closing, such as the asset history sheet, are included. Aside from taxable depreciation, imputed depreciation can also be performed in abas fixed asset accounting. Using the connection to financial accounting and cost accounting you can post fixed assets directly through financial entries.
The imputed depreciation flows into the cost accounting through statistical entries. Much of the relevant data and figures, which can always be used to create a quantitative and qualitative overview of the fixed assets, can be easily and quickly generated within the system.