Our Solutions
Fixed Assets
Fixed Assets Management System
Keep Track of the Entire Fixed Assets Lifecycle
FlexSystem's Fixed Asset Management System integrates a wide range of asset management functions, including asset acquisition, renovation, revaluation, amortization, transfer, disposal, sale, automatic depreciation. It can also handle all asset transaction records and provide detailed asset reports, with electronic files attachment function for tracking, making it easy for users to manage each fixed asset item and save tedious manual work.
Product Features
Flexible Depreciation
Our flexible depreciation methods can easily adapt to different types of business natures and users can easily generate depreciation figures, year-end financials, and gain/loss figures for the revaluation or disposal of fixed assets, minimizing the time and efforts associated with asset maintenance. Depreciation calculation methods include depreciation expense allocation, straight line, reducing balance, and more.
Simplified Data Input and Excel Import
Users can use either online interface or Excel import to input assets data with ease. The system also incorporates a copy function to minimize input of similar items.Alternatively, the system can be integrated with the procurement process to automatically post assets, with automatic generation of asset numbers, and classify the assets based on their respective amounts.
Asset Transfer Handling
Handle any transfer of fixed assets based on actual needs, such as transferring to other departments, locations or custodians. Each asset can be partially or fully transferred, and the system will handle partial transfers based on quantity or cost, and automatically adjust the asset cost after the transfer. Reports are provided to present the situation before and after the asset transfer.
Complete Report and Audit
Provides a complete set of standard reports that enable users to select and reorganize asset data flexibly. Various reports can be generated and exported in various formats (such as PDF, Excel, TXT etc.) based on company needs, including: Sort assets (from purchase to disposal, based on different criteria, such as asset numbers, locations, departments, categories, custodians, and more), asset reports (can be filtered based on different asset statuses) and detailed asset movement records (such as acquisition, disposal, sale, renovation, maintenance, revaluation, depreciation, and more).
Disposal
When assets are sold or disposed, users can partially or fully dispose of the assets. For partial disposal, the system will calculate based on quantity or cost. When an asset is fully disposed, the system will automatically create a disposal record and calculate the changes in values.
Customizable Asset Numbers
Allows customizable asset number generation logic and other accounting entry posting conditions for various asset transactions. Under a customizable multi-dimensional analysis framework, depreciation amounts can be allocated based on parameters such as departments and employees, for generating corresponding reports.
Product Features
Simplified Data Input and Excel Import
Users can use either online interface or Excel import to input assets data with ease. The system also incorporates a copy function to minimize input of similar items.Alternatively, the system can be integrated with the procurement process to automatically post assets, with automatic generation of asset numbers, and classify the assets based on their respective amounts.
Asset Transfer Handling
Handle any transfer of fixed assets based on actual needs, such as transferring to other departments, locations or custodians. Each asset can be partially or fully transferred, and the system will handle partial transfers based on quantity or cost, and automatically adjust the asset cost after the transfer. Reports are provided to present the situation before and after the asset transfer.
Complete Report and Audit
Provides a complete set of standard reports that enable users to select and reorganize asset data flexibly. Various reports can be generated and exported in various formats (such as PDF, Excel, TXT etc.) based on company needs, including: Sort assets (from purchase to disposal, based on different criteria, such as asset numbers, locations, departments, categories, custodians, and more), asset reports (can be filtered based on different asset statuses) and detailed asset movement records (such as acquisition, disposal, sale, renovation, maintenance, revaluation, depreciation, and more).
Complete Report and Audit
Provides a complete set of standard reports that enable users to select and reorganize asset data flexibly. Various reports can be generated and exported in various formats (such as PDF, Excel, TXT etc.) based on company needs, including: Sort assets (from purchase to disposal, based on different criteria, such as asset numbers, locations, departments, categories, custodians, and more), asset reports (can be filtered based on different asset statuses) and detailed asset movement records (such as acquisition, disposal, sale, renovation, maintenance, revaluation, depreciation, and more).
Complete Report and Audit
Provides a complete set of standard reports that enable users to select and reorganize asset data flexibly. Various reports can be generated and exported in various formats (such as PDF, Excel, TXT etc.) based on company needs, including: Sort assets (from purchase to disposal, based on different criteria, such as asset numbers, locations, departments, categories, custodians, and more), asset reports (can be filtered based on different asset statuses) and detailed asset movement records (such as acquisition, disposal, sale, renovation, maintenance, revaluation, depreciation, and more).
Disposal
When assets are sold or disposed, users can partially or fully dispose the assets. For partial disposal, the system will calculate based on quantity or cost. When an asset is fully disposed, the system will automatically create a disposal record and calculate the changes in values.
Inter-company Allocation
Centralize inter-company expenses allocation from its subsidiaries for better control over the accounts payable process and cash flow, simplifying cumbersome manual integration process.
Simplified Data Input and Excel Import
Users can use either online interface or Excel import to input assets data with ease. The system also incorporates a copy function to minimize input of similar items.Alternatively, the system can be integrated with the procurement process to automatically post assets, with automatic generation of asset numbers, and classify the assets based on their respective amounts.
Flexible Depreciation
Our flexible depreciation methods can easily adapt to different types of business natures and users can easily generate depreciation figures, year-end financials, and gain/loss figures for the revaluation or disposal of fixed assets, minimizing the time and efforts associated with asset maintenance. Depreciation calculation methods include depreciation expense allocation, straight line, reducing balance, and more.
Disposal
When assets are sold or disposed, users can partially or fully dispose of the assets. For partial disposal, the system will calculate based on quantity or cost. When an asset is fully disposed, the system will automatically create a disposal record and calculate the changes in values.
Inter-company Allocation
Centralize inter-company expenses allocation from its subsidiaries for better control over the accounts payable process and cash flow, simplifying cumbersome manual integration process.
Customizable Asset Numbers
Allows customizable asset number generation logic and other accounting entry posting conditions for various asset transactions. Under a customizable multi-dimensional analysis framework, depreciation amounts can be allocated based on parameters such as departments and employees, for generating corresponding reports.