Introduction
In the world of business, understanding and managing your assets is crucial. Assets are the lifeblood of your operations, and Empress offers a suite of powerful features to help you stay on top of them. From depreciation ledgers to asset registers, Empress makes it easy to track, manage, and report on your assets.
Feature Name: Asset Depreciation Ledger
The Asset Depreciation Ledger is the perfect tool for gaining a detailed understanding of the value and status of your assets. It allows you to view the total purchase amount, depreciated amount, and accumulated total depreciation for all assets within a specific date range. Plus, with this feature, you can easily keep track of your assets’ current value and depreciation status.
Feature Name: Asset Depreciations and Balances
The Asset Depreciations and Balances report is a powerful tool for monitoring the financial activities related to your assets. It shows the cost of purchasing, selling, and scrapping assets, and categorizes these based on the asset category. Plus, you can view detailed depreciation information for the selected period and the net value of each asset category.
Feature Name: Fixed Asset Register
The Fixed Asset Register is a comprehensive feature that allows you to track all your fixed assets, including those currently in your possession and those that have been disposed of. It categorizes records based on depreciation into two categories:
- In Location: This includes all assets currently in your possession.
- Disposed: This includes all assets that have been sold or scrapped.
Feature Name: Asset Activity
First introduced in version 15, the Asset Activity report is a one-stop shop for tracking all activities related to an asset. It offers a streamlined view of your assets’ journey, from procurement to disposal.
In conclusion, Empress provides a suite of powerful tools to help you effectively manage and report on your assets. Whether you need to track the depreciation of assets, monitor financial activities, or keep a register of fixed assets, Empress has got you covered. For additional support or resources, feel free to visit our support page or contact our customer service team.