Fixed Assets Management System

The Fixed Assets Management System is an all-encompassing tool designed to manage and safeguard a company's asset-related data with utmost precision. This robust system excels in archiving detailed information about each asset, including purchase dates, values, and conditions, ensuring that all records are up-to-date and easily accessible. It also tracks the movement of assets across various locations and personnel, providing a clear overview of asset allocation and usage, which is crucial for optimizing resource distribution and preventing asset mismanagement.

One of the key features of this system is its ability to generate accurate and detailed depreciation schedules and reports for each fiscal period. This functionality is essential for financial planning and reporting, as it allows companies to understand the current value of their assets and plan for future investments. The system's reports are comprehensive, including historical data and projections, which are invaluable for auditors, financial analysts, and management teams.

The system's configurability is another significant advantage. System administrators can tailor the system to meet the specific needs of their organization, setting parameters for depreciation methods, asset categorization, and reporting formats. This flexibility ensures that the system can adapt to various business models and compliance requirements.

Furthermore, the Fixed Assets Management System enhances operational efficiency by automating many of the time-consuming tasks associated with asset management. From initial acquisition to eventual disposal, the system streamlines every aspect of the asset lifecycle, reducing the likelihood of errors and freeing up valuable time for staff to focus on more strategic activities.

In addition, the system includes robust security features to protect sensitive asset data from unauthorized access or breaches. Regular backups and disaster recovery options ensure that data is not only secure but also recoverable in any unforeseen circumstances.

Overall, the Fixed Assets Management System is an indispensable tool for any organization looking to manage its assets effectively. It not only ensures accuracy and compliance in financial reporting but also contributes to better asset utilization and strategic planning, ultimately leading to improved financial health and operational efficiency of the company.

System Features:

• Comprehensive documentation of all the ِAssets data: the original notebook number, barcode number, location and the employee who is in custody of origin, date of receipt, a way to get him, insurance, etc … ….

• Documentation of the Asset of the data type of buildings, land, equipment.

• The possibility of the Asset distribution between sites and staff.

• The possibility of opening the Asset more than one currency.

• The possibility of linking with the system money, and human resources system.

• Control of import data exchange, and the accounts of assets, of the Amwal.

• Control of import data of staff who are in their custody assets, from the human resources system.

• Open the possibility of four types of periods for each financial year (annual, semi-annual, quarterly, monthly), with the work of depreciation of the placebo or experimental control is adopted in the end of the period.

• Automatic depreciation for each period opens.

• Control link with the base of each period of ِAmwal open.

• The possible exception of certain days of the depreciation, is open during each period.

• The possibility of a freeze or stop the continued depreciation of certain during a certain period, and calculating the value of depreciation or other non-calculated.

• Documentation of processes that increase or decrease the value of the Asset, with a discount or a mechanism to increase the value of the Asset.

• Possibility of issuing an accounting under the Asset cost of purchase, when the original registration for the first time in the system.

• The possibility of excluding depreciation continued with the work to his Book value.

• Possibility of making the accounting entry for the depreciation of the asset that has been in the adoption of depreciation.

• Possibility of making the accounting entry when recording the increase or deduction from the Asset value or total exclusion of the asset.

• The possibility of control the way each asset depreciation, there are four types of roads in the system (straight-line method, a method of units produced, the way the rate of double the straight-line method of total numbers of years of use) .

• The possibility to undo the last depreciation has been open only during the period.

• Documenting every movement of assets between employees and locations.

• The possibility of printing out the receipt to the employee that have been moved him Asset.

• The possibility of opening more than one file to the inventory, at any time of the year.

• The ability to extract reports of all the data recorded in the system.