Depreciate your stress level
Accurately tracking and reporting the lifecycles of your business’s fixed assets from acquisition through depreciation can be a daunting, stressful task. The complexity of applicable tax rules and accounting regulations means the smallest mistake can have significant ramifications.
Fixed asset accounting in abas ERP leverages complete business integration to provide comprehensive asset acquisition and depreciation histories. Easily maintain a qualitative and quantitative overview of your available assets and take the hassle out compliance.
Accurately track and report the status and value of your organization's fixed assets with fully integrated fixed asset accounting.
Automatically calculate depreciation and tax deductions for all your business's tangible assets, such as office furniture, production equipment, and vehicles.
Maintain accurate documentation.
Easily store and instantly access relevant asset documentation, including purchase orders, invoices, warranties, or images.
Easily assess asset values.
Take advantage of diverse tax and imputed depreciation models with preview features that make it easy to determine the right depreciation type and conduct monthly and annual closing evaluations.