Fixed assets register management model

The fixed assets register management model processes additions and deductions, calculates depreciation for each, and calculates the annual depreciation installment for all fixed assets according to the followed depreciation policy. It also contains a compilation file that works automatically with the aim of reviewing the final balances of fixed asset accounts with the balances that appear in the trial balance.

This product is suitable for each of the following categories:

All companies and institutions that have fixed assets are difficult to control through the accounting system only.

Product features:

1- Maintaining all data on fixed assets in one file, whether they are still in service, disposed of, or sold.
2- Automatically calculate the fixed assets depreciation installment during the period.
3- Automatically calculate the net book value and accumulated depreciation at the end of the period.
4-Calculating capital gains or losses resulting from the sale of fixed assets.
5-A collection file for fixed asset balances that operates automatically.
6- Obtaining the daily entries required to be made during the period automatically.
7- Ease of monitoring fixed assets through a comprehensive analytical file.

Product contents:

1-The most important requirements of the property, machinery and equipment standard IAS 16.
2-Fixed assets register management model.
3-Aggregation file of fixed asset account balances.
4-Daily entries for period depreciation.

Sources:

This model was created and designed by a team composed of specialists in accounting, accounting systems, and information systems.