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Effortless Fixed Asset Management with Zoho Books

Managing fixed assets like buildings, machinery, and vehicles can be challenging and time-consuming. Tracking acquisition, depreciation, and disposal often leads to errors. Zoho Books simplifies this with its Fixed Asset Management feature, ensuring accuracy and efficiency.

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Why Fixed Asset Management is Crucial?

Stay Audit-Ready

Keep your financial records organized and up-to-date to ensure a smooth, hassle-free audit process, saving you time, reducing stress, and staying compliant with regulatory requirements.

Simplify Asset Tracking

Manage every stage of an asset’s lifecycle, from purchase to disposal, all in one place.

Optimize Asset Usage

Optimize the utilization of existing assets and make data-driven decisions before committing to new investments. This helps reduce operational costs and is especially crucial for industries like manufacturing, where assets are expensive.

How Zoho Books Simplifies Fixed Asset Management?

Automated depreciation tracking and multiple calculation methods

The Straight-Line Method evenly depreciates the asset's value over its useful life, while the Declining Balance Method accelerates depreciation in the initial years, applying a constant percentage to the asset’s current value each year.

Detailed Asset Records & Asset Models

Record crucial asset details like type, purchase price, life span, and more. Similarly, create your own asset models based on your business requirements.

Customizable Reports

Generate insightful reports on asset movements, depreciation schedules, and disposal summaries.

Asset Disposals

If an asset is no longer required or can yield a profit, you can sell it directly through your Zoho Books organization. Alternatively, if the asset is no longer functional for your business, you can write it off seamlessly.

Depreciation capabilities for Better Insights

Depreciation Flowchart

Visualize asset depreciation trends over time with intuitive charts.

Depreciation History

Access detailed records from activation to the current date.

Depreciation Forecast

Plan asset management with predictive insights on lifespan and disposal values.

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