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| query | xxx | type | pageWavelet Management Suite has yet to provide its user a full blown Fixed Asset Module, however, the following steps are recommended as work around for users to make use of the system to manage their fixed assets.
Acquiring Fixed Asset
First of all, we will set up the fixed asset like how we set up the inventory item master. The fixed asset could be serialized (unique number is assigned to each item with the different serial number).
The normal Goods Received Note could be used to enter the stock into the system, where suppliers are recorded, date of purchase is recorded etc.
If we have multiple VIRTUAL locations, we could transfer the fixed asset from one location to another location (or department / floor etc).
Disposal of Fixed Assets
Disposal of fixed asset is pretty much the same as performing stock adjustment or invoicing the fixed asset out
Yearly Depreciation
User can generate various kind of fixed asset reports, making use of the stock take functions, or stock balance reports, stock purchase reports etc in the system, the same way they manage the inventory.
The ageing period of the following stock balance report could be useful for yearly depreciation calculations. The ageing period can be configured to be year by year, etc.
