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Manage fixed assets from acquisition through disposal, automate depreciation, and connect asset accounting with your financial operations.
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English
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AcumatiCares
Product
Fixed Asset Management Software
Automate Fixed Asset Accounting and Depreciation
Acumatica Fixed Asset Management helps finance teams manage capital assets, calculate depreciation, and maintain financial, tax, and reporting books within a connected cloud ERP system. Create assets individually, import existing records, or convert eligible Accounts Payable purchases without re-entering data.
Manage asset additions, transfers, splits, adjustments, and disposal alongside depreciation activity. Keep asset records and accounting details together to support financial reporting and visibility throughout each asset’s lifecycle.
Benefits of Fixed Asset Management Software
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Automate Depreciation with Flexible Methods
Reduce manual calculations with predefined or custom depreciation schedules. Configure methods, averaging conventions, useful lives, and recovery periods to support different asset classes and accounting requirements.
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Connect Purchases with Fixed Asset Accounting
Convert eligible purchases into fixed asset records without duplicate data entry. Keep asset acquisition connected with Accounts Payable and financial management to simplify the transition from purchase to asset accounting.
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Manage Tax and Accounting Depreciation Books
Maintain separate depreciation books for financial, tax, and reporting purposes. Use different methods and calendars to accommodate reporting requirements without changing General Ledger postings for books configured not to post.
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Manage Fixed Assets Under Construction
Accumulate costs for assets that are not yet ready for use, such as a new assembly line or a service vehicle being retrofitted. Transfer accumulated costs to the completed fixed asset account when the asset is placed in service.
Key Fixed Asset Management Software Features
Fixed Asset Lifecycle Management
Manage asset activity from acquisition and capitalization through additions, transfers, splits, adjustments, depreciation, and disposal. Maintain asset transaction history so finance teams can review changes and understand their accounting impact.
Multiple Depreciation Books
Maintain separate depreciation books for financial, tax, and reporting purposes. Assign different depreciation methods and fiscal calendars to each book, and maintain alternative reporting scenarios independently of General Ledger postings where configured.
Multiple Asset Types
Manage fixed asset records for owned, leased, rented, and granted property, including assets leased or rented to others. Keep depreciation settings and accounting details organized for different property types within one system.
Multiple Averaging Options
Configure averaging conventions to determine how depreciation is calculated during partial periods. Choose from options such as full period, mid-period, next period, modified half period, full quarter, full year, and full day to support your accounting policies.
Bulk Fixed Asset Processing
Reduce repetitive work by processing multiple fixed assets together. Calculate depreciation, release fixed asset transactions, convert eligible purchases into asset records, and generate fixed asset calendars through bulk processing tools.
Fixed Asset Classes
Group similar assets into classes with commonly used depreciation settings. Simplify asset creation, reduce repetitive setup, and apply consistent schedules to assets with similar accounting requirements.
Fixed Asset Reporting and Reconciliation
Manage asset acquisitions, disposals, asset balances, asset net values, future projections, and depreciation transactions through built-in reports. Drill down to view transaction details.
Fixed Assets Under Construction
Accumulate costs in a dedicated construction-in-progress asset account while an asset is being built or prepared for use. Assets remain outside depreciation schedules until they are completed and placed in service. Transfer accumulated costs to the fixed asset account to begin depreciation. Examples include production assembly lines, multicomponent HVAC systems, and service vehicle retrofits.
Special Depreciation
Support special depreciation treatment, including U.S. Section 179 deductions for the year an eligible asset is placed in service. Process depreciation reversals associated with early asset disposal and maintain the related accounting records.
Synchronized Fixed Assets and GL Periods
Keep Fixed Assets and General Ledger financial periods aligned. When users modify General Ledger periods in the Master Financial Calendar, Acumatica automatically synchronizes the corresponding Fixed Assets periods to maintain consistent processing calendars.
Fixed Assets Management Software – FAQ
What is Fixed Asset Management Software?
Fixed Asset Management helps businesses manage fixed assets throughout their lifecycle, from acquisition and depreciation through transfers, adjustments, and disposal. It keeps asset accounting connected with purchasing, General Ledger, and financial reporting in Acumatica Cloud ERP.
How does Fixed Asset Management Software work?
Businesses can create assets manually, import them, or convert eligible purchases directly into fixed assets. Acumatica applies configured asset classes, depreciation methods, useful lives, and depreciation books to calculate and post depreciation while maintaining asset history and accounting details.
Can financial and tax depreciation be managed separately?
Yes. Separate depreciation books allow businesses to apply different methods and calendars for financial accounting, tax, and other reporting requirements. Acumatica supports books that update the General Ledger alongside non-posting books for alternative depreciation and reporting scenarios.
Who is Acumatica Fixed Asset Management Software designed for?
Acumatica Fixed Asset Management is designed for growing businesses that need to manage capital assets, automate depreciation, and maintain separate financial and tax depreciation books. It helps finance and accounting teams manage assets such as machinery, equipment, vehicles, and buildings while keeping asset records connected with their broader financial operations.
How does Acumatica automate fixed asset depreciation?
Acumatica calculates depreciation using configured depreciation methods, useful lives, recovery periods, and averaging conventions. Finance teams can choose predefined schedules or create custom methods, apply common settings through asset classes, and process depreciation for multiple assets in batches.
What depreciation options does Acumatica support?
Acumatica supports multiple predefined and custom depreciation methods, multiple depreciation books, and configurable averaging conventions. Businesses can maintain different depreciation scenarios for financial, tax, and reporting purposes while keeping asset records centrally managed.
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