Asset management is a processof maintaining, upgrading, and disposing of assets cost-effectively. Asset Management allows you to manage your investments on your company’s asset by calculating the depreciation on yearly basis. This Module can be Linked with General ledger to Post Depreciation entries for the disposing the assets.
Asset management Module majorly maintains an asset register with the complete information about asset related transactions thus helps in keeping the track record for fixed assets, handling fixed asset depreciation for fiscal reporting and revaluation of asset. This Module also plays an crucial role in calculating the business target, budget release as well as provide extensive analytic tools for budget monitoring Asset Management key functionalities are.