Procurement And Finance Creating An Integrated And Intelligent Business Finance System

Overview Fixed Asset Management System is a software solution designed to track, manage, and maintain an organization's physical assets throughout their lifecycle - from acquisition to disposal.   Key Features 1. Asset Tracking Unique identification numbers for each asset Barcode/QR code/RFID tagging capabilities Detailed asset descriptions and specifications Location tracking (current and historical) 2. Lifecycle Management Acquisition recording (purchase date, cost, vendor) Depreciation calculations (straight-line, declining balance, etc.) Maintenance history and scheduling Disposal/retirement processing 3. Financial Management Asset valuation and revaluation Depreciation schedules Tax and accounting compliance Capital vs. expense classification 4. Maintenance Management Preventive maintenance scheduling Work order generation Repair history tracking Downtime monitoring 5. Reporting and Analytics Asset registers and inventories Depreciation reports Maintenance cost analysis Audit trails and compliance reports