ASWAQ6 : Fixed Assets

ASWAQ6 includes a fully integrated Fixed Assets Management System
It saves users significant time and effort in preparing depreciation reports and statements, while offering decision-makers key insights through detailed financial reports on the company’s fixed asset status.

Comprehensive File for Every Fixed Asset
Each asset is recorded using clear, detailed windows that define its specifications and financial information, including acquisition cost and estimated useful life.
Multiple images can be attached to each asset, easily browsed and viewed as needed.

Fixed Assets Record in ASWAQ6

Detailed information can also be recorded, such as the asset’s market value and the personnel responsible for its maintenance.
Users can effortlessly check the current status of any asset, including accumulated depreciation, net book value, and other essential data — all from a single view.

Full Integration with the General Ledger
The Fixed Assets module is fully integrated with ASWAQ6’s general ledger.
Each fixed asset can be linked to an account group in the chart of accounts, and further categorized by branch, asset type, or other classification methods.
Fixed asset accounts are treated like any regular account, allowing movement and adjustment through journal entries that accurately reflect financial changes.

Direct Procedures for Asset Disposal and Revaluation
ASWAQ6 allows for the disposal or sale of fixed assets and automatically calculates any resulting capital gain or loss.
Revaluation procedures are also available if the asset’s useful life changes, enabling automatic recalculation of depreciation and related values.

Automatic Monthly Depreciation Entries
ASWAQ6 issues depreciation entries automatically on a scheduled basis, saving considerable effort and ensuring continuous accuracy.
Thanks to its monthly depreciation mechanism, the system ensures that your financial statements remain precise and up-to-date throughout the fiscal year.