The Fixed Assets Management (FA) module provides complete visibility into your assets and depreciation calculations. You can add fixed assets directly from AP purchases, import them from a file, or add them individually. Select from a huge number of pre-defined depreciation schedules or create custom schedules for accurate accounting and reporting. Utilize special books to track tax and reporting scenarios separately from your general ledger accounts.
By using the Fixed Assets module, you can create and manage fixed assets through their useful life, from acquisition to disposal.
The Fixed Assets module provides the functionality to meet United States tax reporting needs and helps you to take advantage of tax benefits related to the depreciation of fixed assets.
The Fixed Assets module is integrated with the General Ledger and Accounts Payable modules.