Fixed Assets

Fixed AssetsFixed Assets module is designed for registration and grouping of assets per company and installation places. Ability to create automatic Purchase entries of new assets, and increase the value of an asset. Depreciation of all assets and automatic entries to Marine Accounting module are available. This module provides all the necessary tools to manage your maritime assets’ financial and tax reporting. Sophisticated depreciation features perform calculations quickly and easily. Reporting is available to print labels for each group item, and the Depreciation report for specific period that includes the previous, current and remaining amounts of each item. Vessel depreciation/amortization which depends on the remaining useful life (RUL) and the type of the vessel is inclusive