Fixed Assets

Integral ERP allows all fixed assets items to be defined under capital goods category in the Item Master. For each such capital goods received, the system allocates a unique fixed assets number to individual piece, which is landed cost of that lot. The individual capital assets can then be distributed and fixed asset system keep tracks as and when physical inventory of the capital items is done. For computing depreciation, the system uses both WDV and SLM methods, which are definable at the time of defining the asset.

Output is in the form of different depreciation reports, an asset ledger and a different depreciation entry in the balance sheet.