SAP Business One: Managing Fixed Assets
In this video, Clients First Business Solutions spotlights how to use Fixed Asset Management in SAP Business One.
Every business has fixed assets in one form or another. More than just investment capital and your workplace, these take on various forms in different industries. As a result, managing them and measuring their expected deprecation over time is critical. To maintain these elements, an ERP system like SAP Business One can resolve any outstanding issues.
To keep up with these demands, SAP’s B1’s Fixed Asset option can remove repetition from your tasks. Instead of continuous manual entry, you can import your data into one system automatically without issue.
Based on how they perform, you can assign and track different aspects to specific assets and define them within your organization. You can similarly calculate their depreciation, all automated in this feature, according to whatever attributes exist. If you’re calculating depreciation based on particular accounting methods, Book, Tax, Cost, etc., this is factored in. From there, your solution selects the relevant accounts for specific requirements.
Along with simplifying your Fixed Asset Management, automating specific functions allows you to better maintain respective assets over their lifecycles. From that, you’ll have stronger forecasting that can meticulously predict depreciation year-to-year with fewer errors and more accurate results.
Part of an ongoing series of video sessions spotlighting different ERP solutions and their features by technicians with years of experience, Clients First Business Solutions is dedicated to giving customers and users the fullest possible overview of what's available in today's ERP marketplace.
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