Complete Fixed Asset Lifecycle Management
Track, depreciate, maintain, and dispose of fixed assets with full IAS 16/36/38 and IFRS 16 compliance.
Fixed Assets Management
Complete lifecycle management for property, plant, and equipment. From acquisition through depreciation to disposal — fully compliant with IAS 16, IAS 36, IAS 38, and IFRS 16.Asset Lifecycle
Acquisition|Register assets from purchase orders, manual entry, or opening balances. Auto-create from procurement workflow. Depreciation|Straight-line, declining balance, units of production. Monthly auto-calculation with fiscal year closing. Transfers|Move assets between locations, departments, or cost centers with full audit trail. Disposal|Sell, scrap, or write-off assets with automatic gain/loss calculation and GL posting.
Categories & Classification
Asset Categories|Group assets by type: Vehicles, Furniture, Machinery, IT Equipment, Buildings, Land. Asset Classes|Sub-classification within categories with specific depreciation rules and GL accounts. Depreciation Methods|Configure straight-line, declining balance, or units of production per class. GL Account Mapping|Automatic posting to Asset Cost, Accumulated Depreciation, Depreciation Expense, Gain/Loss accounts.
Maintenance & Tracking
Scheduled Maintenance|Preventive maintenance schedules with automatic work order generation and alerts. Insurance Register|Track insurance policies, coverage amounts, expiry dates, and renewal alerts. Warranty Tracking|Monitor warranty periods, claim eligibility, and service history per asset. Meter-Based Triggers|Odometer, hours, or usage-based maintenance scheduling for vehicles and machinery.
Physical Count & Tagging
Barcode Labels|Generate and print barcode labels with configurable numbering formats for asset identification. QR Code Support|QR codes with embedded asset details for quick mobile scanning and lookup. RFID Integration|RFID tag support for automated asset tracking and bulk scanning. Physical Count|Conduct periodic physical inventory with variance reconciliation and automatic adjustment posting.
Capital Work in Progress (CWIP)
Track capital project costs before capitalization. Accumulate expenses from multiple purchase invoices, allocate overhead costs, and capitalize to a fixed asset when construction or installation is complete and the asset is ready for use.Purchase Integration
Seamlessly create fixed assets from purchase workflow. Mark purchase lines as "Fixed Asset" nature, and assets are automatically created when the invoice is posted — with full traceability back to the original PO, GRN, and invoice.Asset Reports
Asset Register|Complete listing of all assets with current book value, location, and status. Depreciation Schedule|Monthly and annual depreciation projections by asset, class, or category. Asset Movement|Track all transfers, disposals, and value changes over time. Insurance & Warranty|Expiring policies and warranties requiring attention.