A complete asset register
Keep one register of all your assets that records each asset’s value, location and movements over its life.
- Complete asset register
- Asset value and location
- Asset movement history
Fixed Asset Management Software and App, from Purchase to Disposal
Follow every asset from purchase to disposal with the fixed assets module in iCore ERP. It manages the whole asset life cycle and records each asset’s value, location and custodian, along with depreciation, maintenance, transfers and disposal.
Asset categories and groups
Organise assets into categories and groups that make them easier to follow, find and report on.
- Asset categories
- Asset groups
Location, branch and department
Link every asset to its location, branch and department, so you always know where your assets are.
- Location
- Branch
- Department
Custody and asset owners
Assign who is responsible for each asset and record the custody linked to it, so responsibility for assets stays clear and documented.
- Custody records
- Person responsible for the asset
- Custody reports
Asset depreciation and entries
iCore calculates periodic depreciation and creates the depreciation entries automatically, keeping asset values in the accounts current without manual entries.
- Periodic depreciation
- Automatic depreciation entries
Transfers between locations
Record the move of an asset from one location to another so the register matches reality.
- Transfer assets between locations
- Documented transfers
Asset revaluation
Revalue assets when needed so their value is reflected in the register and the accounts.
- Asset revaluation
Maintenance scheduling
Schedule maintenance work for assets and record it in the asset’s file.
- Schedule maintenance
- Maintenance history
Selling or writing off an asset
Close an asset’s life cycle by selling it or writing it off, with the disposal recorded in the asset register.
- Sell an asset
- Write off an asset
- Documented disposal
Fleet vehicles as fixed assets
A fleet vehicle can be linked to a fixed-asset record with purchase value, useful life, salvage value, depreciation method and accounts, plus a depreciation schedule, book value and accumulated depreciation.
- Purchase value and useful life
- Salvage value and depreciation method
- Depreciation schedule and book value
- Accumulated depreciation
Reports and reconciliation with the accounts
Run asset, custody and depreciation reports, and reconcile the asset register with the accounts to keep the figures consistent.
- Asset reports
- Custody reports
- Depreciation reports
- Register-to-ledger reconciliation
Fixed assets: frequently asked questions
Does iCore calculate asset depreciation automatically?
Yes. iCore calculates periodic depreciation and creates the depreciation entries automatically.
Can I track asset custody?
Yes. iCore manages custody and the people responsible for assets, with custody reports alongside asset and depreciation reports.
Can an asset be sold or written off in the system?
Yes. iCore supports selling or writing off an asset, as well as transfers between locations, revaluation and maintenance scheduling.
Can fleet vehicles be linked to fixed assets?
Yes. A vehicle can be linked to a fixed-asset record with purchase value, useful life, salvage value, depreciation method and accounts, plus a depreciation schedule, book value and accumulated depreciation.
Does iCore reconcile the asset register with the accounts?
Yes. iCore lets you reconcile the asset register with the accounts.
See iCore on your own workflow
Tell us about your company and we will walk you through iCore with your own data and processes.