Fixed Assets Module

1. Asset Recording: This module enables the company to register all of its fixed assets, including buildings, machinery, cars, and other items, and to record information about each asset, including the amount paid, when it was purchased, and the depreciation schedule that was followed.
2. Depreciation Management: Using several depreciation techniques, such as double-declining balance or straight-line depreciation, the module allows the computation and monitoring of annual depreciation for each of the fixed assets.
3. Financial Reports: The module offers comprehensive financial reports on fixed assets that include recorded depreciation, current value, net value, and any other modifications made to them.
4. Maintenance and Asset Repairs: To preserve the value of fixed assets and guarantee their efficacy and safety, the module has the ability to document routine maintenance and repairs made to them.
5. Valuations: The module provides functions to update the valuations of fixed assets in the records by periodically evaluating them, either on the basis of accounting value or current market value.

Businesses may effectively track and manage their assets, adhere to accounting rules, and make smart financial decisions based on reliable information about fixed assets by utilizing the Fixed Assets module.