What Do We Mean By Fixed Assets?

These are assets that are acquired according to the accounting standard, its objective, the scope of the standard, and the subsequent expenditures on acquisition. This system is also designed to support the preparation of complete financial reports of fixed assets, as well as the management and control aspects of physical items

System Contents

» Assets: They are the general axis of the system in terms of :-

1. Asset groups

In which asset groups are created and linked In the general accounts, specifying the depreciation rate for the assets that include this group



2. Asset

In it, fixed assets (assets) are defined and allocated to the asset group as follows


3. Hulk in stock

Depreciation is carried out according to the standards set up in the asset groups


4. Transfers




5. Exclusion




6. Additions


7. Opening balances

» Asset purchases: Purchases requests are processed as follows :-

1. Purchasing requests



2. Purchase Price offers


3. Purchases invoice

» The Sales

Some reports

1. Purchase requests and Price offers

✔ Purchase requests during the period

✔ Purchase requests based on Price offers

✔ Price offers by suppliers

✔ Compare quotes for purchases

✔ Price offers for executed purchases

2. Purchase orders

✔ Purchase orders during the period

✔ Purchase orders received

✔ Unreceived purchase orders

✔ Purchase orders by suppliers

3. The Purchases

✔ Purchases during the period

✔ Movement of asset purchases by Suppliers

✔ Asset purchases

✔ Purchases by asset groups

4. The Sales

✔ Asset sale requests

✔ Price offers for sale of assets

✔ Complete sales offers

✔ Incomplete price offers

✔ Assets sold

5. The Assets

✔ Hulk in stock

✔ Transfer requests

✔ Statement of complete transfers

✔ Compare transfer requests with Transfers carried out

✔ Excluded assets

✔ Asset additions

✔ Opening balances