BitzButler CRM: seamless asset register & accounting integration

Overview

We have moved forward one step. Our software now tracks asset values and depreciation easily. As a result, the user does not required to in tracking their asset in spreadsheet which is cumbersome and error prone in the formula. With Asset Register module, you don't need to setup the formula like what you used to do in the spreadsheet. On top of that, any changes to the asset record will have an audit trail and it is very important when something bad happened. From the security perspective, the administrator may grant the permission to the person in charge and block other staff from accessing it. This is useful when your account department has many staffs.

Asset register

We have added an Asset module (or “Asset Register”) to help the business track asset values, depreciation and disposal. Now the user will be able to view the depreciation schedule at any time. Posting the yearly depreciation to Profit & Loss account is a finger click.

Here's the screenshot of asset register:

And the screenshot of an asset detail:

By default, the system will create the common asset group. As a result, the user does not require any in-depth knowledge of account creation or the depreciation rate.

The depreciation value (to be posted to the Profit & Loss account) can be accessed easily. They just need to select a year to display the data on the screen.

Click on any asset group, it will drill down to the asset level.

At the top right corner, click on the three vertical dot icons and a popup will appear. Click on the “Post depreciation” option to post the depreciation to the Profit & Loss account by using a journal entry.

The user may key in the asset disposal as well. For example, if an asset has retired or is not functioning any more, these assets will have to be “disposed”.

The asset disposal entry screen is quite straightforward to use as well.

Summary

BitzButler helps you organize assets and calculate yearly depreciation efficiently. This is a time saver. It also eases the asset depreciation calculation and journal posting.

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