What is a Fixed Asset?
A fixed asset is a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income. These assets are not expected to be consumed or converted into cash within a year. Examples include buildings, machinery, vehicles, and equipment.
Visual Dolphin Fixed Assets offers a comprehensive solution for managing fixed assets, ensuring efficiency, accuracy, and scalability. Proper management of assets ensures accurate financial reporting, compliance with regulations, and optimal asset utilization.
Visual Dolphin Fixed Assets is a powerful and user-friendly solution for managing the full lifecycle of fixed assets. From acquisition to disposal, it ensures accuracy, compliance, and operational efficiency. Key features include automated depreciation, flexible asset assignments, and robust disposal tracking. The system supports customizable dashboards for real-time insights into asset performance, depreciation, and financial impact. With intuitive navigation and integration with Visual Dolphin products, it enhances productivity and control. Built-in security safeguards data integrity while standardized processes improve audit readiness. Its scalable architecture supports growing businesses. Whether used standalone or within the Visual Dolphin products, it optimizes asset utilization. Streamline asset management with clarity, confidence, and control.
- User-Friendly Interface: Simple navigation for all users.
- Strategic Asset Management: Provides standardized procedures and financial mapping.
- Asset Classification: Define and categorize assets for accurate accounting.
- Automated Depreciation: Assign assets, track depreciation, and automate calculations.
- Depreciation Adjustments: Modify asset details anytime with automatic recalculations.
- Disposal & Sales Management: Efficiently handle asset sales, scrapping, or donations.
- Custom Reports: Generate reports that meet accounting standards.
- Financial Tracking: Record acquisition, depreciation, and disposal with real-time updates.
- Data Security: Advanced protection with user access controls.
- Seamless ERP Integration: Works independently or with Visual Dolphin ERP for enhanced efficiency.
- Personalized View: Customize dashboards to track key asset metrics and KPIs.
- Asset Overview: Displays asset count, value, categories, locations, and status.
- Depreciation Tracking: Monitors depreciation expenses, net book value, and lifecycle.
- Disposal & Sales: Tracks asset sales, proceeds, disposal methods, and approvals.
- Utilization Analysis: Measures asset performance, usage rates, and ROI.
- Financial Impact: Assesses total cost, budget alignment, and financial outcomes
Step-by-Step Process
- Initial Setup: Quickly input and categorize your existing assets into the system.
- Ongoing Management: Easily add new assets and calculate depreciation.
- Reporting & Analysis: Generate detailed reports with just a few clicks, providing insights into asset performance and value.
- Disposal & Sales: Manage the entire lifecycle of assets, including disposal and sales, ensuring accurate financial reporting.