Maximizing Empress's Fixed Asset Register Feature

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Introduction

Welcome to the Empress Fixed Asset Register Feature guide. As a business user, keeping track of your company’s assets is crucial for effective financial and operational management. The Fixed Asset Register Feature in Empress is designed for just that. It gives you a clear, organized, and easily accessible overview of your company’s fixed assets.

This feature offers you the ability to view, edit, sort, and track information about each of your company’s fixed assets. This includes their value, depreciation details, and status. The user-friendly interface makes it easy to manage these assets, even without technical or accounting expertise.

Primary Functions and Benefits

Using the Fixed Asset Register Feature, you can:

  1. View your company’s fixed assets: This feature provides a comprehensive list of all of your company’s fixed assets. You can view details such as asset name, purchase date, purchase cost, accumulated depreciation, and net book value.

  2. Edit asset information: If there are changes to any asset, you can easily update the information in the register. This ensures that your asset data is always up-to-date.

  3. Sort assets: You can sort your assets based on various parameters like asset category, location, or status. This helps in easy retrieval of asset information.

  4. Track asset depreciation: The feature automatically calculates and tracks the depreciation of each asset. This helps in maintaining accurate financial records.

User Roles and Permissions

Two types of user roles are permitted to access the Fixed Asset Register Feature:

  1. Accounts User: This user role can view and edit all the details in the fixed asset register.

  2. Quality Manager: This user role can view the details in the fixed asset register but cannot make edits.

How to Use the Fixed Asset Register Feature

Here’s a step-by-step guide on how to use the Fixed Asset Register Feature:

  1. Accessing the Feature: Navigate to Empress Assets. Select the ‘Reports’ tab and click on ‘Fixed Asset Register’.

  2. Viewing Assets: You’ll see a list of all the fixed assets of your company displayed in a table format.

  3. Editing Asset Information: Click on an asset name to view its details. If you’re an Accounts User, you can edit the information by clicking on the ‘Edit’ button.

  4. Sorting Assets: Use the ‘Sort’ dropdown to sort your assets based on your chosen parameter.

  5. Tracking Depreciation: The depreciation details of each asset are displayed in the table. The system automatically updates these values over time.

Conclusion

The Fixed Asset Register Feature in Empress is a powerful tool that simplifies asset management for business users. It offers a clear view of the company’s assets, allows easy updates, and helps track asset depreciation. This significantly enhances business processes, especially those related to finance and operations.

For additional help or resources, visit the Empress Support page or contact our customer service team. Happy asset managing!