FOUNDATION Fixed Assets
Manage depreciation and tracking of long-term assets.
Overview
The Fixed Assets module is a tool for managing the lifecycle of a company's long-term assets, such as vehicles, buildings, and large machinery. It automates depreciation calculations using various methods for both book and tax purposes, ensuring compliance and accurate financial reporting. It is often used in conjunction with the Equipment module.
✨ Key Features
- Fixed asset register
- Automated depreciation calculations (Straight-line, MACRS, etc.)
- Separate book and tax depreciation schedules
- Asset addition and disposal tracking
- Reporting on asset values and depreciation
🎯 Key Differentiators
- Integration with the FOUNDATION General Ledger
- Simplified interface compared to complex, standalone asset managers
- Designed for the types of assets common in construction
Unique Value: Automates complex and error-prone depreciation calculations, ensuring accurate financial statements and tax compliance.
🎯 Use Cases (3)
✅ Best For
- Asset-intensive businesses like heavy/civil contractors
- Any company that needs to track fixed assets for financial reporting and tax compliance
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Companies with very few or no fixed assets
🏆 Alternatives
Eliminates the need for separate, disconnected spreadsheets or standalone software for fixed asset management, creating a more streamlined and auditable accounting process.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
🔒 Compliance & Security
💰 Pricing
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