Fixed Asset Management Software Amman - Fixed Asset Tracking - Top Asset Management Software in Amman, Abu Dhabi, Sharjah, Jordan, Bahrain, Qatar, Oman, Saudi Arabia, Kuwait

GTS One FAM is a Top Fixed Asset Management Software in Amman, Abu Dhabi, Sharjah, Jordan to provide end-to-end asset life cycle including Fixed Asset Tracking, procurement, maintenance, deprecation, disposal or retirement.

Fixed assets management is an accounting process in the ERP Software that seeks to track fixed assets for the purposes of financial accounting and preventive maintenance. The main features of this module include :

• General functions like purchase of assets, depreciation monthly, location transfers, disposal, writeoff etc
• Any number of locations and categories and different depreciation methods for different categories.
• Automatic posting of depreciation and insurance details attached with asset.
• Reference document can be attached with asset master.

Asset categories

Define depreciation categories based on the following methods:

• Straight line life
• Reducing balance life
• Define general ledger categories, assigning account codes for the different transactions.

Assets

• Record information for each asset, including transfer date, capital costs, depreciation method, written down value, general ledger category, insurance value and serial number.
• Assign analysis codes for each asset.

Maintain the Asset Register

• Add new or partially depreciated assets to your Asset Register.
• Associate attachments (add-on assets) with each asset, to ensure that they all depreciate by the same method and to the same end date.
• Keep a detailed history of activities affecting the value of each asset, including addition, depreciation, adjustments and disposal.

Calculate Depreciation

• Calculate and record depreciation, based on the rules defined for each asset.
• Store depreciation figures for the current depreciation period, the year-to-date and the cumulative life of the asset.
• Experiment by using different depreciation rates, without affecting the actual values stored for each asset.
• Forecast depreciation.

Standard Reports Available Include:

• Asset Register Details
• Additions Audit Trail
• Adjustments Audit Trail
• Disposals Audit Trail
• Depreciation Details
• Depreciation History
• Depreciation Forecast
• General Ledger Distribution Analysis
• Fully Depreciated Assets Details
• Insurance Valuation Report