Complete IAS 16 Compliant Fixed Asset
Management System

Transform your asset management with our comprehensive ERP solution. From acquisition to disposal, automate every aspect of your fixed assets.

80%
Time Saved
100%
Compliance
24/7
Automation

Core Features

Everything you need to manage your fixed assets efficiently

Asset Classification

Organize assets into groups, categories, and classes with flexible hierarchical structure

  • Product catalog management
  • Asset group configuration
  • Multi-level categorization

Purchase Management

Complete procurement workflow from requisition to receipt with automated accounting

  • Multi-line purchase orders
  • Automatic journal entries
  • Tax calculations

Auto Depreciation

Daily automated depreciation calculations with 4 methods and component-level support

  • 4 depreciation methods
  • Component-based depreciation
  • Mid-life adjustments

Asset Disposal

Handle all types of disposals with automatic gain/loss calculations

  • Sale, scrap, donation
  • Trade-in support
  • Automated accounting

RFID Tracking

Advanced RFID solution for physical asset tracking and verification

  • RFID tag management
  • Bulk scanning
  • API integration

Accounting Automation

Full double-entry bookkeeping with rule-based journal generation

  • Automated journals
  • Rules engine
  • Expression calculations

Component Accounting

IAS 16 compliant component-based asset accounting for complex assets

  • Component templates
  • Individual depreciation
  • Replacement tracking

Warranty Management

Comprehensive warranty tracking and claims management for all assets

  • Warranty type tracking
  • Expiration monitoring
  • Claims processing

Maintenance Tracking

Schedule and track preventive maintenance and repair activities

  • Maintenance schedules
  • Service history
  • Cost tracking

Comprehensive Modules

Deep dive into our powerful module capabilities

Complete Asset Lifecycle Management

Manage your assets from acquisition to disposal with complete visibility and control.

Asset Registration

Automatically create asset records from purchase orders with all details captured

Asset Groups & Categories

Organize assets hierarchically for better management and reporting

Asset Revaluation

Adjust asset values to market rates with complete audit trail

Employee Assignment

Track asset custody and responsibility with complete history

CWIP & Hold-for-Sale

Track construction work in progress and assets marked for disposal

Multi-Status Tracking

Available, assigned, returned, disposed states with audit trail

Asset Dashboard
Total Assets 2,345
Active 2,100
In Maintenance 145
Disposed 100

Intelligent Depreciation Engine

Automated depreciation calculations with support for multiple methods and real-time adjustments.

Four Methods

Straight-line, reducing balance, sum of years digits, units of production

Component Depreciation

Calculate depreciation per component for complex assets

Daily Processing

Automatic daily depreciation calculations without manual intervention

Mid-life Changes

Change depreciation methods or rates anytime with automatic recalculation

Journal Integration

Automatic posting of depreciation entries to general ledger

Depreciation Trends
Monthly Depreciation

Complete Accounting Automation

Full double-entry bookkeeping with automated journal generation and financial reporting.

Auto Journal Entries

System automatically creates all necessary accounting entries

Rules Engine

Define rules for automatic journal creation based on transactions

Financial Statements

Generate balance sheets and income statements automatically

Multi-currency

Handle assets and transactions in multiple currencies

Account Balances
Fixed Assets $2.5M
Accumulated Depreciation -$800K
Net Book Value $1.7M

Advanced Inventory & Tracking

Complete visibility of asset locations, movements, and assignments across your organization.

Location Tracking

Track assets across multiple warehouses and locations

Employee Assignment

Assign and track assets by employee with complete history

Barcode Integration

Generate and scan barcodes for quick asset identification

Movement History

Complete audit trail of all asset movements and transfers

Location Overview
HQ 450
Warehouse 1,200
Branch A 350
Branch B 345

Component-Based Asset Accounting

IAS 16 compliant component accounting for complex assets with multiple depreciable parts.

Component Templates

Pre-configured templates for common asset types like vehicles and machinery

Individual Depreciation

Each component has its own depreciation method, rate, and useful life

Cost Allocation

Allocate asset cost by percentage or fixed amount across components

Replacement Tracking

Track component replacements with complete history and derecognition

Component Breakdown
Engine 40%
Transmission 25%
Body 20%
Electronics 15%

RFID Asset Tracking System

Advanced RFID integration for physical asset verification and real-time tracking.

RFID Tag Management

Assign and manage RFID tags for all your assets

Bulk Scanning

Scan multiple assets simultaneously for efficient verification

API Integration

RESTful endpoints for RFID scanner connectivity

Discrepancy Reports

Identify missing or misplaced assets with detailed reports

RFID Status
Tagged Assets 98%
Last Scan Today
Discrepancies 3

Comprehensive Reporting Suite

Generate detailed reports for compliance, analysis, and decision-making.

Fixed Asset Register

Complete register with real-time values and depreciation

Depreciation Schedules

Detailed depreciation reports for tax and compliance

Disposal Reports

Track all disposals with gain/loss calculations

Custom Reports

Create custom reports based on your specific needs

Available Reports
Asset Register
Depreciation Schedule
Disposal Summary
Asset Movement

Why Choose Our Solution?

Transform your asset management with tangible benefits

80% Time Savings

Reduce manual data entry and automate repetitive tasks

100% Compliance

Meet all regulatory requirements with automated reporting

Component Tracking

Track individual asset components with separate depreciation schedules

Cost Optimization

Maximize tax benefits and minimize operational costs

Scalable Solution

Grows with your business from hundreds to millions of assets

RFID Integration

Physical asset verification with advanced RFID tracking technology

Ready to Transform Your Asset Management?

Join hundreds of companies already using our solution

Let's Discuss Your Requirements

Our team is ready to help you implement the perfect asset management solution for your organization.

Free consultation
Personalized demo
Implementation support
Training included
info@lixitweb.tech
+880 1851-323700