Fixed asset module is an integrated module in iX ERP to manage fixed assets and integrate it with the core accounting system. Every single fixed asset needs to have its own unique code and registration in the fixed asset register. Fixed assets can only be purchased singularly; so if you have purchased three computers of…
Your country law and policy may have pre-defined fixed asset classes, so you have to enter these classes in iX ERP Fixed Assets Classes or you may create your own classes.iX ERP allows you to create classes tree, so Parent class: is the upper class for the entered class, Add an alphanumeric parent class (Maximum…
Additional to the classes’ categorisation, iX ERP gives you deeper levels by adding assets categories. Category Name: Name of your assets categoryItem Tax Type: Select tax typeUnits of Measure: Select UOMExclude from purchases: Check if this item is excluded from purchasesGL Accounts:You can create these accounts in the Chart of Accounts if it does not…
iX ERP help you to define your assets locations, to be able to see where is your assets and move assets between registered locations. Location Code: Add an alphanumeric Location Code (Maximum 5 characters)Location details and information: The list of fields is your location information like its name, address, phone number, fax, email, and dimensions…
iX ERP provides full coverage for fixed assets operations, below is the list which iX ERP covers.
Using iX ERP fixed assets registration, you have to fill the below fields:Fixed Asset information: Assets Code/Tag, Name, Description, Category, Tax and unit of measurement.Depreciation: You have to select a predefined asset class and depreciation method that will be used to depreciate this asset, also a depreciation start-date.Depreciation Method: iX ERP supports all known depreciation…