Orchida ERP - Fixed Assets Program

Fixed assets program helps you to inventory and inventory fixed assets in the institution and classification and also computes the depreciation and issuance of restrictions Of the General Accounts System Automatically, fixed assets are a tangible long-term piece of property owned and used by the company in its income-generating operations, and fixed assets are not expected to be depreciated or converted into cash within a year, Fixed assets Property and equipment and equipment, also referred to as capital assets or fixed assets.

Components of fixed asset program

Definition of fixed assets

• Determination of the depreciation method (constant - decreasing)
• Determining the percentage of depreciation
• Determine the reserve ratio of high prices
• Specify the scrap value

Fixed assets in general accounts
• Fixed asset account
• Calculate depreciation expense
• Compensated depreciation account
• Reserve account of rising prices
• Profit and loss account is capital

Add a static asset

• You can purchase a fixed cash asset, or a supplier account
• If you add an asset that already exists, the add-on movement will be an upward movement of the asset
• The amount at which depreciation is calculated and depreciation rates can be controlled in the periods following the addition movement
• Restrictions associated with the movement are automatically issued

Sell Hard Original

• The asset can be sold in whole or in part
• A cash asset can be sold, or from a client account
• If a part of the asset is sold, the asset that is excluded from the asset is determined
• Capital gains / losses are recognized in the movement of the sale

Depreciation of fixed assets

• The period of operation can be determined (100% means full depreciation work)
• A group of assets can be depreciated at once
• Depreciation can be done monthly / every two months / every 3 months ... during the specified period.
• If the asset's carrying amount reaches the carrying amount, the reserve premium (if any)

End of fiscal year

When the end of the financial year is completed, all movements on the asset are transferred archival (without computational restrictions) for review, and the movements of the new movements are normally followed

Fixed movements report

The report shows all the movements that have been made on each asset, value of the asset and the accumulated depreciation and reserve after each movement

Characteristics of fixed asset program

• Support all movements that affect assets: Add - Sell - Ramp - Exclusion
• Determining the depreciation method of assets (constant - decreasing)
• Asset depreciation every month / two / three months
• A group of assets can be depreciated at once
• The amount at which depreciation is calculated and depreciation rates can be controlled in the periods following the movement of the sale, disposal and disposal

Commercial activities benefiting from the fixed software program

This system is essential, and it needs all companies and commercial and industrial establishments. Which have a large number of assets, whether buildings, equipment or cars

Devices and accessories you may need with the fixed assets program

printer

Articles related to this article

Documentary session - The documentary course is the first stage of the accounting cycle. It represents the vessels in which the document has been edited since its liberation, past all service centers ... More
Bank Settlement Memorandum - The goal is to reach the correct bank balance (which will be shown in the budget) which is often different from my cash balance ... More
Accounting software features - Accounting software is not only a tool, but a complete command of accounting operations and the software has become very flexible in the application of ... More
Information about the batches and the date of validity - Applications of Batches, Validity and Validity Date Orchida ERP Accounts Program More
Accounting Software - For small businesses and entrepreneurs. It can be accessed from anywhere to manage finances from bills, expenses, receipts, inventory and transactions ... More
Accounting programs and their importance in companies - Accounting programs, generally aimed at providing financial information and the most important information (determining the outcome of the activity of the economic unit during a period of time ... More