FA Fixed Asset System
Fixed asset management — daily-precision depreciation, 3 methods, cost center split and auto GL posting
FORMULA FA calculates depreciation to the nearest day for maximum accuracy, links directly to the GL module and posts depreciation journal entries automatically.
Depreciation Methods
3 Standard Methods Supported
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Straight-Line
Equal depreciation each year over useful life
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Declining Balance
Higher depreciation early, reducing each year
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User-Defined
Custom depreciation rate
- Daily-precision depreciation calculation — true accuracy
- Round monthly totals to match annual figures automatically
- Recode asset IDs instantly regardless of data volume
- Maintenance history tracking per asset
- Record maintenance costs for inclusion in depreciation base
- Depreciate by department/cost center
- Choose to calculate depreciation at entry or batch-calculate later
- Recode asset IDs anytime
- Search by asset code or name with Look-up
GL Integration
- Automatic link between Fixed Asset and GL modules
- Journal entry posted at time of calculation
- Split by department/cost center using the asset
- Supports asset revaluation
- Monthly & annual depreciation options
- Report of deductible wear & depreciation per Royal Decree
