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AVT Fixed Asset Management

Status: Unverified

AVT Fixed Assets for NetSuite is a comprehensive integration that seamlessly manages fixed assets within NetSuite. Streamline your asset lifecycle processes, gain real-time insights, and simplify compliance, all within the familiar NetSuite environment. Maximise efficiency and accuracy in tracking and reporting fixed assets with AVT Fixed Assets for NetSuite.

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Description

Asset Register

The AVT Fixed Assets Management SuiteApp seamlessly integrates asset creation, tracking, depreciation forecasting, and processing, including book-based depreciation schedules, CIP, and asset disposals. It offers the flexibility to put depreciation schedules on hold and generate cumulative postings upon reactivation.

The automation features include QR and label printing for easy asset labelling and tracking. Online forms and landing pages ensure secure access and efficient updates for inputting assets-related data.

Key Benefits

Impacts to the business:

  1. Integrated Asset Tracking and Reporting.
  2. Integrated Depreciation for Accounting and Tax Books.
  3. Meet audit and compliance.
  4. Improve productivity and efficiency of the Finance and Operations teams.

Manage All Assets In One Place – Get Rid of Spreadsheets

With AVT Asset Register you can easily manage all your assets in one place. You will save time and will be able to track assets more accurately within NetSuite. This solution will allow your business to be more efficient and productive when managing your assets.

FEATURES

Register

  1. Fixed Asset record, easily extendable to suit your reporting needs.
  2. Automate the creation of Assets from Vendor Bills.
  3. Automate the creation of Assets from Journals and/or CSV import.
  4. Automate the creation of Assets from Item Receipts.
  5. Generate Barcode labels from Asset Record.
  6. Automate Printing of Labels (using our printing integration).
  7. Automate QR code for online access and forms for record keeping data.

Depreciation

  1. Automate the linkage of Assets depreciation methods from Asset category.
  2. Bulk Generation of Asset Depreciation schedules based on depreciation methods ( Straight Line, Reducing Balance, Double Declining Balance) and convention (Mid Month, Half Year).
  3. Bulk Posting of the Depreciations to the Ledger.
  4. Setting up Accounting Book Based Depreciation for Management, GDS, AMT and Tax Books ( This required Multi-Book/Adjustment-Book to be enabled) to allow for Alternate Tax Depreciation Methods and integrated GL reporting.
  5. Feature to putting Depreciation Schedules Generation and Posting on hold for specific assets.
  6. Managing Construction in Progress (CIP) and putting assets into service on specific dates.

Asset Disposal

  1. Automate the creation of Asset Disposals.
  2. Managing Disposals – Full, Partial and Impairments.
  3. Bulk Posting of Asset Disposals to the Ledger.
  4. Auto Generation of Disposal Invoice from the Disposal Record.

Reporting

  1. Fixed Asset record, easily extendable to suit your reporting needs.
  2. Reporting capital spend by project number.
  3. Reporting on depreciation and integration of depreciation posting with the GL.
  4. Roll Forward Reporting (Cost Roll-forward, Asset Reserve Roll-forward).

Asset Lists & records

Asset Record extendible and configurable as per your business needs.

Easy to use asset listing.