Using Fixed Assets

With the foundational configuration now in place, you're ready to begin managing your organization's assets efficiently and accurately. You can easily maintain separate tax and accounting books and automatically record different depreciation methods for asset categories. Configure accounting and tax depreciation schedules using pre-defined methods – such as straight line and reducing balance for accounting, or MACRS for tax depreciation – or create your own. This software gives you the systems and controls you need to manage company assets centrally with greater safeguards. You will always be able to track and access asset information, including condition, insurance status, and maintenance logs – even after a disaster – thanks to world-class security, cloud backups, and disaster recovery.

This guide will walk you through the core functionalities available to you, including easily managing the complete asset lifecycle within a single integrated system, eliminating manual effort and speeding up the monthly close with comprehensive automation, increasing controls and reducing risk by tracking assets in a cloud ERP system, and improving decision-making with dimensional visibility into your business.