Fixed Asset Management System
Fixed Asset Management System
FAM (Fixed Asset Management System) is a powerful platform designed to keep records of a company’s tangible assets and to systematize technical service processes. This system enables complete inventory management of fixed assets, tracking of depreciation calculations, and management of maintenance history.
Centralized management of fixed assets strengthens financial control and optimizes the utilization of physical assets.
Key Functions:
- Fixed asset accounting and registration
- Tracking assets by location, status, and owner
- Automation of depreciation calculations
- Management of maintenance and repair processes
- Procedures for asset transfer and disposal
- Reporting and inventory management
Main Modules:
Fixed Asset Registration and Inventory
- Recording asset details in the system by type, value, location, and other parameters
- Asset numbering with barcode or QR code identification
Depreciation and Impairment
- Application of various depreciation methods (straight-line, declining balance, etc.)
- Automatic preparation of monthly/annual depreciation schedules
Asset Transfers and Movements
- Transfer of fixed assets between departments with historical tracking
- Assignment of assets to users and structural units
Technical Service and Maintenance
- Planning and execution of scheduled and emergency maintenance works
- Recording repair costs and service history
Disposal and Decommissioning Procedures
- Procedures for removing decommissioned or unusable assets
- Supporting documentation for disposal with financial and technical justifications
User and Responsibility Assignment
- Assigning assets to users and responsible persons
- Access control based on user roles and permissions
Reports and Analysis
- Reports on total asset value, depreciation levels, and locations
- Presentation of statistics on inventory, disposal, and technical service