Taking the Hassle out of Fixed Asset Management
Managing your fixed assets is one of the most crucial parts of running and maintaining a successful small business — especially when the auditors are due. A simple mistake in the calculation of fixed assets could put your entire balance sheet into question.
Thankfully the days of manual fixed asset management — which often led to human errors and laborious ‘red tape’ governance — is behind us withSAP Business One including automated functionality to ensure your balance sheets are always accurate and updated.
In SAP Business One Version 9.0, managing your fixed assets has never been easier. Key tasks are now embedded into the core functionality of the solution allowing you to:
- Easily track and check asset values across their lifecycle
- Simplify asset depreciation calculations — either daily or monthly
- Stay compliant with built-in tax accounting and international reporting to standard
Providing you with a comprehensive end-to-end process in one solution, there’s also individual specific enhancements which meet cross-localisation accounting standards and the opportunity to leverage existing processes, such as procurement and blanket agreements.
So, if you’re tired of spending weeks calculating and managing your fixed assets or frustrated at switching between spreadsheets or different programs to get to grips with your inventory contact IIS today. Discover how SAP Business One can improve company-wide efficiency and productivity in your business.