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All details of fixed assets, depreciation changes, purchase-sale stock transactions, transaction histories and value increases and decreases can be viewed from the Fixed Assets module. Actions are taken according to the results to be drawn from this analysis.

Path: ERP > Finance Accounting > Fixed Asset > Fixed Assets

Fixed assets are objects used as an investment tool in financial markets, whose value is expected to remain constant or increase. Examples may include real estate, jewelry, works of art, antiques, commercial land, and even some derivative instruments. Fixed assets are generally preferred for long-term investments and are less sensitive to short-term value fluctuations. In order to track and manage their value, it is necessary to have expertise in both fixed assets and Workcube.

Management of fixed assets is a challenging task as it takes into account many factors and variables. Managing fixed assets with Workcube can provide the following advantages:

Automation: Operations such as tracking the value of fixed assets, portfolio management and reporting can be carried out automatically. This saves time and resources.
Centralization: In the Workcube Fixed Assets module, the information and performance of all fixed assets are collected and managed in one place. Thus, more conscious decisions can be made in decision making.
Accessibility: With Workcube, management of fixed assets can be done from anywhere and at any time.
Analysis: The performance and value of fixed assets can be analyzed with analytical tools. Thanks to this approach, more accurate decisions are made for future investments.
Reporting: The performance and values of fixed assets can be presented in reports. It allows investors, stakeholders, managers and other interested parties to easily monitor the status of fixed assets.

Let's examine how to use the Fixed Assets page.

Attention: Before using the Fixed Assets page, it must be ensured that the processes and transaction categories associated with the page are defined correctly. It should be checked whether the user who will use the page has all the permissions associated with the page. It is also necessary to make definitions in the Fixed Asset Categories parameter.

Records to the Fixed Assets page come from the fixed asset purchase screen. You can read how Fixed Asset Buying is done in the article titled "Fixed Asset Buying-Selling".

When fixed assets are recorded in the system, they are centrally collected on a single page. It is possible to filter these fixed assets according to some keywords and asset-invoice number.

With a detailed filtering, it is possible to expand the filter scope according to depreciation method, accounting code, fixed asset category, asset type, sorting type, entry-record dates and system number.

After listing, click on the item icon in the line of the fixed asset whose details are desired to be examined.

There are a few fields that need to be examined on the Fixed Asset detail screen. Let's examine these areas one by one.

1. All summary information about the fixed asset is located here. This is the first area that should be looked at and examined.

2. The tab at the top right is used to convert the fixed asset into a physical asset. The details of the fixed asset converted into physical assets can be accessed by clicking the physical asset list button. This physical asset is found from the list and the necessary processes are implemented.

3. Details of the depreciation changes related to fixed assets can be accessed in this area. Important details such as depreciation year, method, rate, previous value, depreciation amounts and subsequent value are included here. For detailed information about Depreciation and Valuation, you can read the article titled "Depreciation and Valuation".

4. Buying and selling transactions can be made for fixed assets. Summary details of these transactions are located in this area.

5. The past transactions of the asset can be accessed from this area. For detailed information, the article titled "Fixed Asset Period Transfer Transactions" should be read.

6. Summary information about the increase and decrease in value of this fixed asset is included here. You can learn how the information in this field can be used by reading the article titled "Maintenance and Repair Expenditures that Cause Increase-Decrease in Value".

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About Workcube Objects

Fixed Assets

It is used to display all the details of fixed assets, depreciation changes, purchase-sale stock transactions, transaction histories and value increases and decreases in the Fixed Assets list.

Type: WBO Version: Catalsyt v5 Licence: Standard Author: Workcube Core