With our Fixed Asset Register, create a list of all Fixed Assets owned by your business, maintain both financial and non-financial information pertaining to each asset, automate the depreciation calculation process, and save hours spent on manual calculations. Our FAR module works in sync with the Accounting module, so to use FAR, the user must use the RealBooks Accounting module too.
The assets’ standing positioncan be easily reconciled with the FAR module.
Create Prior Period Assets with opening value, residual value, and the remaining life.
Assets can be categorized under Ledger groups to maintain a proper Chart of Accounts.
Categorize Asset into predefined blocks as per IT Act for accuracy in calculation
Arrange the assets based on Location & sub-location, making it easy to know the exact branch/site where the assets are placed.
Tag Assets to Employees and ensure custodian-wise accountability.
Capture Individual Asset wise Insurance Details like insurance number, insured value, warranty details, and insurance expiry date.
Set Depreciation Rules as per IT Act &Co.s Act, to maintain Accuracy in Calculations, saving manual computation time.
Book purchases from the FAR module and log all the details related to the asset.
The FAR module is integrated with the Finance Module which will help in the automation of transaction posting.
Reconcile your physical assets with the FAR module easily.