Management and processing of fixed assets

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Management and processing of fixed assets

Fixed Asset Management System is a system used to record, track and manage fixed assets in institutions and companies. Fixed assets include property that is used in business operations for a long period of time and is not for sale. The fixed asset management system aims to ensure maximum utilization of fixed assets, improve their management, and reduce maintenance and replacement costs. This system enhances efficiency and transparency in managing assets and helps to make appropriate strategic decisions for the company.

The function of a fixed asset management system is to facilitate the effective tracking, organization and management of fixed assets. This system offers many advantages, including:

1. Asset registration: The fixed asset management system enables the registration and documentation of all fixed assets owned by the company, such as buildings, equipment, vehicles, and devices. Asset details such as serial number, value, date of purchase, location and maintenance status are recorded.

2. Track Movement and Changes: A fixed asset management system can track asset movement and related changes, such as transfers between departments or branches, or updates and repairs. This makes it possible to update asset records and see the current location and status of each asset.

3. Asset maintenance management: The fixed asset management system can track the maintenance and repair activities needed for fixed assets. This allows the costs associated with maintenance to be identified and to schedule regular maintenance to keep assets in good condition and reduce the costs of emergency repairs.

4. Asset Valuation and Depreciation: The fixed asset management system can estimate the value of assets and track their depreciation over a period of time. Reports can be generated on asset value, accounting value, residual value, amortized depreciation and expected expiry dates.

5. Reports and Analysis: The fixed asset management system can generate detailed reports about fixed assets and their performance, such as net asset value reports, change reports, and depreciation reports. These reports can be used to make strategic management decisions such as replacing old assets or upgrading technology assets.

6. Integration with Hesabati: The asset management system is linked to Hesabati from all accounts and financial movements.