Asset Management Module in eresource ERP

Features and Functions of eresource ERP Asset Management Module

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Asset Management Module in eresource ERP

eresource ERP’s Asset Management module provides a comprehensive solution for managing fixed assets, including depreciation and posting of asset information in the book of accounts. Here’s how the module handles these aspects:

  • Asset Depreciation: The module supports various depreciation methods, such as Straight-Line Depreciation, Diminishing Balance Method, and Units of Production Method. Users can define the depreciation method for each asset based on their accounting requirements.
  • Posting of Asset Information in the Book of Accounts: When an asset is acquired, the module allows users to record all relevant information, such as acquisition cost, useful life, and salvage value. The module automatically posts the acquisition cost of the asset to the appropriate asset account in the general ledger.
  • Integration with Fixed Asset Register: The module integrates seamlessly with the Fixed Asset Register, ensuring that all asset information is up-to-date and accurate.
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eresource ERP's Asset Repairs and Maintenance module is designed to streamline and automate the management of repairs and maintenance activities for fixed assets. It provides a centralized platform for tracking all maintenance activities, scheduling repairs, and managing associated costs. Here's how the module helps businesses manage their asset repairs and maintenance effectively:

Asset Repairs and Maintenance in eresource ERP

  • Maintenance Scheduling

    The module allows users to schedule maintenance tasks for fixed assets based on predefined criteria such as time intervals, usage thresholds, or condition-based triggers. This helps in ensuring that assets are properly maintained and downtime is minimized.

  • Work Order Management

    Users can create work orders for repair and maintenance tasks, assign them to technicians, and track their progress in real-time. This helps in improving communication and coordination among maintenance teams.

  • Cost Tracking

    The module enables users to track all costs associated with asset repairs and maintenance, including labor costs, parts costs, and external service costs. This helps in analyzing maintenance costs and identifying areas for cost optimization.

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