Fixed Asset Management
Keep track of your fixed assets with comprehensive ERP software management
Stay on track with MYOB Advanced fixed asset management
Include fixed assets into your reporting directly from your accounts payable purchases, imported from an existing file, or individually. Once recorded, use this information to create accurate financial reports, maximise your tax benefits, and meet compliance requirements with ease.
Multiple Depreciation Methods
Select from a variety of predefined depreciation methods or create your own to accommodate all your business requirements. Each depreciation method includes useful life and recovery periods, as well as different averaging conventions.
Purchase Order Integration
Simplify the conversion process between purchases and fixed assets with automatic display of eligible purchases that eliminate data re-entry.
Tax Benefit Support
Accurately comply with complex tax rules with the assistance of multiple depreciation books, special depreciation bonuses, calendars, and tax benefit recapture capabilities.
Important features of fixed asset management
Maintain multiple books for depreciation and reporting purposes that
remain separate from the General
Ledger. You can also assign and report tax and fiscal years
independently of your actual financial ledger.
Need to process your depreciation schedules, release transactions,
convert purchases to assets, or generate fixed asset calendars? We can
help. Make multiple changes to your fixed assets at once with a single
Choose an averaging method that works for you, with choices ranging
from modified half-period through to full year and more.
Use built-in reports to drill-down to view the transaction details of
each of your assets. Need to manage your asset balances? Future
projections? Or depreciation transactions? We’ve got you