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Fixed Assets
Navision's Fixed Asset module is a robust
asset management system that allows users to physically
and financially track the status of their fixed assets.
Within the system, users can define an unlimited number
of assets. In turn each asset is assigned to one or
more depreciation books. Depreciation books are used
for depreciation tracking and reporting purposes.
The same asset can be recorded in assigned to different
books. For example, a company might maintain one depreciation
book for internal purposes that tracks assets using
a straight-line depreciation method and another book
for tax reporting purposes that utilizes accelerated
depreciation.
Users can access fixed assets in other
modules in Navision, including Purchasing, Sales,
and General Ledger. This eliminates duplicate entry
by enabling users to buy, sell, and depreciate assets
in one step. No double booking is required.
The depreciation process is fully automated. With
one command, you can run depreciation for all assets
and have the entries automatically post to the General
Ledger.
Summary of benefits
- Flexible definition and grouping of Assets
- Unlimited number of depreciation books - maintain
separate books for internal and tax reporting
purposes
- Run depreciation by period or annually
- Real-time reporting on current value, total
accumulation, and book value on all fixed assets
- Straight-line, Declining-balance, Accelerated,
or Custom (e.g. units produced) depreciation methods
- Allocation of depreciation across different
business entities
- Maintenance tracking
- Monitor insurance coverage and annual insurance
premiums across fixed assets
- Reclassification
- Combine or separate fixed assets
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