Fixed Assets

Acumatica Fixed Asset Management simplifies the tracking, depreciation, and reporting of fixed assets, helping businesses optimize asset utilization and ensure compliance with tax regulations.

What you'll learn

Multiple Depreciation Methods: Supports various schedules including straight-line, declining balance, sum-of-years digits, and accelerated cost recovery, ensuring compliance with tax and accounting standards.
Automated Asset Tracking: Add assets directly from AP purchases, automate depreciation schedules, and track assets under construction until they are placed in service.
Flexible Tax Compliance: Offers multiple books for tax, reporting, and compliance purposes, with support for U.S. IRS Section 179 deductions and bonus depreciation.
Comprehensive Reporting and Analysis: Provides detailed reports on asset acquisitions, disposals, balances, and future depreciation projections, with drill-down capabilities.
Streamlined Asset Management: Manages asset classes, transfers, and revaluations, supporting owned, leased, and rented properties across multiple entities.

"The Fixed Asset application helps us manage our costing, and we also know exactly where these assets are in each organization or branch. So, this is quite helpful for us." - Harini Perera, Head of IT and Business Analysis, Design Studio

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