Debit & credit management made easy: manage fixed assets to improve your ROI
From initial purchase to final disposition, manage every aspect of your fixed assets financial and tax reporting requirements with IQMS’ fixed assets module.
Flexible and powerful depreciation functionality enables manufacturers to perform calculations quickly and easily. Generate detailed business and tax reports at the click of a button. With seamless integration with other EnterpriseIQ ERP software modules, you can efficiently and effectively manage and monitor your fixed assets purchase and depreciation history, access related documents, view journal postings, tax information, maintenance records and much more.
- Lifecycle management tracks your fixed assets from initial purchase all the way through to final sale / disposal
- Manage asset retirement effectively with detailed asset profile, which provides a complete depreciation history
- Support a host of standard depreciation methods including straight line, declining balance, variable declining balance, ARCS and MACRS as well as custom customer-driven models
- Effectively manage fixed asset information reporting and other non-financial reporting with multiple depreciation books
- Maintaining a physical inventory of fixed assets is made easy through integration with IQMS’ warehouse management software wireless scanning process
- Manage asset maintenance records with seamless access to IQMS’ preventative maintenance module
- Assets can be grouped into general asset accounts (GAA) so you can depreciate all the properties in each account as a single item of property
- Automatic integration with other EnterpriseIQ financial management modules enables calculated depreciation entries to be posted directly to the general ledger
- Range of in-built templates and intuitive import capability for existing assets makes the setup process quick and easy
- Simplify the process of financial and tax reporting by automatically generating business and tax reports and forms