Fixed Assets Software

Xpedeon’s Fixed Assets module is a comprehensive system that equips you to procure, record, track, depreciate, and dispose off your company’s assets with minimal effort.

The system provides immense flexibility for depreciation computation - allowing users to create multiple depreciation books based on their tax and accounting needs, select the required depreciation method, calculate current depreciation or a forecast for user defined periods – all at the click of a button. Users can access data such as gross block, accumulated depreciation, net book value, and year-to-date depreciation for each or a group of assets.

Seamless integration of the Fixed Assets module - with other systems of Xpedeon's construction ERP software - provides various benefits. These include:

  • Online availaibility of accurate details of plant deployment, utilization, and maintenance from the plant module facilitates collaborative functioning.
  • Revenue accrued through plant hire charges levied on projects along with linking of all costs to individual assets across modules, enables you to view the Profit and Loss Statement and Balance Sheet for each asset.
  • Automatic posting of accounting transactions for capitalisation, expensing, sale, retiring, cost correction, and depreciation ensures that the Asset Ledger is accurate and correct at all times.
Asset Card
Depreciation Calculation