Fixed Assets

You can use Fixed Assets to manage the fixed assets in your company.

You can perform the following tasks:

  • Enter and track data for the property, plant, and equipment used by your organization.
  • Enter and capitalize assets, depreciate assets in multiple books, transfer assets within or between companies, and dispose of assets at the end of their life cycle.
  • Maintain periods and years of historical asset data through period-end processing.
  • Track data to the original document using powerful inquiries within products and across subsystems.
  • Use the reporting capabilities supplied with LN.

The results of financial depreciation and revaluation are posted to the General Ledger.

  • Using assets

    Fixed assets include property, buildings, and equipment that are expected to reduce your company's costs or increase its income. In Fixed Assets, you record data of the company owned fixed assets. You record asset data to track the assets your company and to record transactions for the assets.

  • Cost Percentage Depreciation Method

    This option can also be used to calculate depreciation amounts.

  • Business Partner Distribution in Journal Vouchers

    User can view for each asset, asset book, location, and business partner the amounts that are applicable for the cost, accumulated depreciation, revaluation cost, and revaluation accumulated depreciation.