Asset Register
- Comprehensive asset profiles - Full asset identity with specifications and documentation
- Asset categorization - Hierarchical asset classes and sub-categories
- Location tracking - Asset placement across sites, buildings, floors, rooms
- Custodian assignment - Responsibility tracking with transfer history
- Asset tagging - Barcode/QR/RFID tag management for physical identification
- Image and document attachments - Photos, warranties, manuals, certificates
Asset Acquisition
- Purchase-to-asset conversion - Create assets from purchase transactions
- Capitalization rules - Configurable thresholds and policies
- Asset bundling - Group related items into single asset units
- Construction-in-progress (CIP) - Track assets under construction before capitalization
- Acquisition cost allocation - Allocate costs across multiple assets
Depreciation Management
- Multiple depreciation methods - Straight-line, declining balance, sum-of-years, units of production
- Book vs tax depreciation - Maintain separate depreciation schedules
- Depreciation forecasting - Project future depreciation expenses
- Automatic depreciation runs - Scheduled monthly/periodic depreciation posting
- Depreciation adjustment - Handle impairments and revaluations
- Useful life management - Track and revise asset useful lives
Asset Maintenance
- Preventive maintenance scheduling - Calendar-based and meter-based maintenance plans
- Work order generation - Automatic creation of maintenance work orders
- Maintenance history tracking - Complete service record for each asset
- Spare parts management - Link maintenance activities to inventory items
- Vendor/contractor management - Track external maintenance providers
- Maintenance cost tracking - Capture labor, parts, and service costs per asset
Asset Lifecycle
- Asset transfers - Move assets between locations, departments, cost centers
- Asset disposal - Retirement, sale, scrapping with gain/loss calculation
- Asset revaluation - Periodic fair value adjustments
- Warranty tracking - Monitor warranty periods and claims
- Insurance management - Policy tracking and renewal reminders
- End-of-life planning - Replacement forecasting and budgeting
Asset Reporting & Analytics
- Asset register reports - Complete asset listings with filters
- Depreciation schedules - Detailed depreciation projections
- Maintenance analytics - Cost trends, MTBF, MTTR analysis
- Asset utilization reports - Track asset productivity and ROI
- Audit trail - Complete history of asset changes and transactions
