Fixed assets

The Fixed Assets module of TI ERP is used for recording and monitoring a company’s fixed assets.
All transactions (capitalization, value adjustments, depreciation calculation, disposal, etc.) are automatically posted to the General Ledger (Financial Accounting module) by generating journal entries through posting schemes.

The module fully meets the needs of small, medium, and large enterprises across various industries, with specific requirements configurable through parameterization in agreement with the client.

In addition to a variety of reports and summaries, advanced queries can also be performed to enable more efficient data searches.

User rights can also be defined—at the level of functionality or specific actions (via buttons)—to ensure proper control and security.

KEY FUNCTIONALITIES INCLUDE:

• Master data – the foundation of the module’s operations. Data can also be imported from Excel/CSV. This includes company information, cost centers, chart of accounts, depreciation groups/rates, and asset inventory records.

• Transactions – changes for each individual asset: opening balance, capitalization, value adjustments, monthly/annual depreciation, one-time write-off (asset remains in use), disposal (sale, retirement, etc.).

• Reports – asset status by date, PANO and PA forms, transaction-level reports, asset cards, Excel exports. Reports can be customized and built independently across multiple combined levels (cost center, account, depreciation group, inventory number).

• Inventory (stocktaking) – can be performed unlimited times. After entering stocktaking data and comparing the listed state with the book records, any surplus or shortage must be processed with the appropriate transaction according to company decisions.

• Employee assignments – functionality for recording and monitoring the allocation and return of assets assigned to employees.