Many firms still have to manually manage their fixed assets!! The headache of managing fixed assets in an old complicated accounting software, or in microsoft excel can be quite time consuming and prone to errors.
Does your company have several thousand assets on the system, many of which were obsolete or no longer in service?
No one had updated the details for several months?
Do you have to manually download, copy and paste fixed assets transactions into excel and then try to manually manipulate the data and re-categorise assets, re-calculate depreciation, add manual adjustments for your disposals and new acquisitions etc.
Do you use a bespoke accounting software that had been written many years earlier by in-house staff who were no longer with the company...and the Fixed assets are in a mess.
The opportunity cost can be quite high to the business and very stressful for the finance controller!
We can advice and provide you with a one of our compact (automated) fixed asset management systems using Microsoft Access.
Depending on your requirements, we can help you design and implement a robust fixed asset management system in microsoft access which will:
Mainintain all your fixed assets in one compact and easy to use database
Automate the monthly depreciation (giving you the options to depreciate either on a Straight line basis or Reducing balance)
Make it easy to record and classify your assets
Make it easy to deal with disposals at any time of the year
Make it easy to add new additions (and depreciation calculated on a daily basis or monthly)
