Fixed Asset Depreciation Overview

Fixed company assets such as vehicles, buildings, and equipment must be depreciated over a period of time. The EBMS Depreciation Module allows the user to easily post the depreciation expense to general ledger on a regular basis.

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Getting Started | Features

Getting Started

Depreciation is an optional EBMS module. If you are interested in adding this module, contact your Koble Systems account manager.

Fixed company assets, such as vehicles, buildings, and equipment, must be depreciated over a period of time. The EBMS Depreciation module allows the user to easily post the depreciation expense to general ledger on a regular basis. Applying asset depreciation costs monthly is an important management tool to properly manage the company's profitability, especially if the business owns a sizeable number of fixed assets.

The EBMS Depreciation module gives the user flexibility and ease of use when planning the depreciation schedules. A variety of depreciation methods are distributed with the software, although additional user-defined methods can be created as well. Review the Depreciation Methods section for method options.

Fixed asset information such as the vendor invoice, purchase information, and to-date depreciation details are recorded for each of the assets. A simple process creates monthly expense transactions and posts them to the general ledger in seconds. Review the Depreciating Assets using a Monthly Process section for more details on this process.

Review the Adding and Deleting Asset Folders section to setup asset defaults to streamline the asset entry.

The system will allow the user to properly manage a wide variety of depreciable assets such as rental items, company equipment, or intangible assets. Associating a non-inventory serialized item with a depreciable asset completes the depreciation of a rental item. Review Purchasing Rental Equipment for more details on this step.

User-friendly wizards make purchasing, as well as selling or disposing assets, a simple process. Enter a general ledger account that is classified as a depreciable asset within the expense invoice and the system will lead you though the process to record and properly depreciate the new asset.

• Purchasing asset wizard: Review the Adding Assets using an Expense Invoice section for more details on adding assets from an expense invoice.

• Selling an asset wizard: Review the Selling Assets within a Sales Invoice section for more details.

• Disposing of an asset wizard: Review the Removing Disposed Assets section for more details.

Review Reconciling General Ledger Reconciliation Accounts for a quick reconciliation process.

Review Depreciation Reports for more details on listing general ledger totals with individual assets.

Review Depreciation Methods with the company's financial consultant or accountant for the best available options for your business.