Fixed asset management and tracking with depreciation, asset allocation and movement tracking
SowaanERP is multi-locational, multi-user, multi-lingual, multi-currency web-based accounting system for the entire Enterprise Resource Planning (ERP) chain for all sized enterprises that is fully functional to manage full operations of any business.
All the transactions related to an Asset like purchasing, sales, depreciation, scrapping, movement or maintenance will be managed against the Asset master.
Sowaan ERP provides features to track the details of individual maintenance/calibration of various assets.
You can track the location of an asset or to whom it is issued or whenever it is moved from one location to another.
In case of fixed asset management, sometimes the value of an asset needs some adjustment, this can be managed within ERPNext
You can follow the default purchase cycle after ensuring the the appropriate asset category exists
You can sell an asset and even make all the necessary documents lile a Sales Invoice for it.
The system automatically creates a schedule for depreciation based on depreciation method and other related inputs in the Asset record.
When an asset is no longer usable, you can scrap an asset with the click of a button in the Asset record.