Asset Inventory
The Asset Inventory module in ERPNext provides you with comprehensive records of all the assets within your organization. This includes items such as equipment, machinery, vehicles, and property. It allows you to track transactions related to these assets including purchases, disposals, and maintenance activities. Additionally, it can provide you with information on depreciation rates for each asset type and generate reports detailing the performance of your assets over time. The Asset Inventory module helps ensure that your assets are managed effectively while helping make informed decisions about how best to use them and maintain them
Purchasing and Selling an Asset
Procuring assets is done through the creation of purchase receipts or purchase invoices. The system stores information about the asset in its item master, allowing for easy updates to depreciation methods, schedule, insurance details and more. It's an efficient way to procure assets- all you need is a few clicks to get started! You can also sell assets that you no longer need without having to maintain accounting books.
Asset Depreciation
Automated asset accounting enables users to enter depreciation schedules for various assets, causing the software to automatically calculate and record the amount or dates of depreciation. This makes it easier than ever for businesses to track their financial progress
Asset Value Adjustment
Asset value adjustments in ERPNext allow you to update the worth of an asset based on changes in market conditions, such as inflation, depreciation, or shifts in the asset's worth. This can be done by entering a new Asset Value Adjustment entry into the system, which will then use data entered to calculate the new asset value. This helps organizations keep track of their assets and ensure that they are reflecting current values.