What is Asset Management?

The Lawson Asset Management application manages the depreciation calculations and reporting requirements needed to satisfy general ledger, tax, and all other depreciation books for assets. Asset Management can control all of the assets for up to 9,999 companies. The Asset Management application allows adjustments, transfers, disposals within a company, and the transfer of assets from one company to another.

The Asset Management application has flexible ways to define assets by location, division, and type, and to structure and restructure assets when they are transferred. The application also maintains history records of all asset transfers and disposals and keeps an audit trail of all changes made to assets.

Depending on your business needs, you might also want to set up the Asset Management application.