Depreciation

Depreciation feature simplifies asset management by automatically calculating and tracking the depreciation of your assets, ensuring accurate financial reporting and optimized asset utilization.
Depreciation

Automated Depreciation Calculation

By automating depreciation, AssetIT calculates the current values of an asset, reducing the risk of discrepancies.

  • Time-Saving Automation: Automatically calculates the current value based on predefined schedules, saving time and reducing manual errors.
  • Customizable Rules: With the straight-line depreciation formula, assign depreciation rules to each asset model. This ensures that all assets are depreciated according to their specific characteristics.
  • Real-Time Updates: Instantly update current asset values, despite modifying or creating new assets in an asset model.

Enhanced Financial Reporting

Generates precise current value reports that enhance the accuracy of your financial statements.

  • Compliance Ready: Ensures compliance with accounting standards and regulatory requirements.
  • Audit Trail: Maintains a clear audit trail with historical data and changes, facilitating easier audits.
  • Transparency: Keeps a comprehensive record of all changes and updates to asset depreciation, ensuring full transparency.
Enhanced Financial Reporting with Depreciation
Depreciation - Optimized Asset Management

Optimized ITAM Lifecycle

Tracks the entire lifecycle of assets from acquisition to disposal, ensuring optimal utilization.

  • Improved Decision Making: Offers insights into asset value over time, aiding in strategic planning and budgeting.
  • Lifecycle Tracking: Monitors asset lifecycle from acquisition to disposal, ensuring optimal usage and timely replacements.
  • Cost Efficiency: Helps in identifying underperforming assets, enabling cost reduction and efficient resource allocation.

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Devsamurai is an Atlassian Platinum Marketplace Partner in Japan. We extend Atlassian products and implement applications to empower all teams worldwide. All our products are built and supported in our office in Japan.

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