Fixed Asset Management Software
Discover a better way to track, manage and account for your fixed assets
When you are looking to calculate and forecast depreciation for fixed assets such as equipment and machinery, fixed asset management software is a must-have.
The FMIS Fixed Assets Management System is powerful, easy-to-use fixed asset accounting software with the flexibility to handle complex asset information in any industry and across multiple companies, countries, and books.
FMIS Fixed Assets is part of the FMIS comprehensive asset management suite that includes tracking, maintenance (CMMS) and asset accounting. Designed for accounting professionals, the Fixed Assets module automates fixed asset accounting calculations including depreciation and amortisation for regulatory and tax purposes.
✓ Multi-company and multi-book (regulatory, tax, group, management, local, state, federal)
✓ Flexible coding structures to fit your individual fixed asset management requirements
✓ Parent-child relationships for inter-dependent fixed assets with summary and detailed views
✓ Additional or late costs, invoice adjustments and project go-live facilities
✓ Full tracking history of asset adjustments, transfers, disposals and other asset events
✓ All known fixed asset depreciation methods used in over 40 countries worldwide
✓ Standard or user-definable accounting periods which can vary across companies and books
✓ Standard or user-defined fixed asset description fields
✓ Comprehensive reporting and search facilities
✓ Excellent integration with spreadsheets and leading ERP and accounting software
✓ Software is easy to install, set up, and begin data entry
FMIS Fixed Assets accounting software provides the visibility, functionality, control and calculation methods to help you comply with all relevant accounting standards. This includes IFRS, SORP, Sarbanes-Oxley, IAS, local Generally Accepted Accounting Principles (GAAP) and Component Accounting.
With the ability to set up and manage multiple books for local, group and tax purposes and a full suite of standard and modifiable depreciation methods, you know the FMIS fixed assets solution will be future-proof.
✓ Extensive summary and detailed reports on fixed asset inventory
✓ Highly flexible software coding structures for grouping and summarising
✓ Reconciliation reports for year-end
✓ Parent-child asset relationships listed or grouped
✓ Ability to restrict fixed assets included using extensive search criteria
✓ Single or consolidated company options for asset management
✓ Forecasting reports show how much fixed assets will depreciate
✓ Budget vs actual reports
✓ Reports suitable for finance and non-finance users, physical audits etc.
✓ Automate reports from historical costs and data for assets
✓ View reports in a window or in PDF and Excel options
✓ Asset additions
✓ Asset transfers (full and partial)
✓ Cost adjustments
✓ Revaluations (various treatments to handle all circumstances)
✓ Re-life of assets
✓ Changes in status e.g. fixed assets under construction, stage payments, go-live, held for sale etc
✓ Tracking disposals (full and partial) of fixed assets
✓ Capital investment forecasts are part of the main Fixed Assets module, making it easy and efficient to manage
✓ Forecast values based on either actual assets or actual assets plus budget
✓ Budget spend can be added easily via manual entry, spreadsheet or integration to other systems
✓ Forecast up to any future point, with full reporting and enquiry facilities on forecast data
FMIS Fixed Assets accounting software is ideal for medium and large organisations with complex asset management needs. Our asset management solution can automate and streamline asset management across multiple companies, countries, currencies and books, making sure that each is compliant with standards for accounting in each locality.
If you’re a business with complex asset accounting needs looking to optimise your fixed asset and depreciation management and tracking, FMIS fixed asset tracking software is a great investment.
One organisation that has benefitted from our fixed asset accounting software is Essex County Fire and Rescue Service. It uses FMIS to help manage its extensive asset inventory of machinery, equipment, land, and building assets.
FMIS asset tracking was useful to them because it allowed them to automate depreciation calculations, group and manage assets using parent-child relationships where assets had different useful life lengths, and run reports with ease.
Check out our case studies to learn more about how industries have implemented FMIS accounting software.
“The support received both during and post-implementation has been excellent.”
“FMIS makes managing our assets effectively a simple process. We can track all our assets across the group from a single system and generating reports is quick and simple, saving us time and effort.”
“The FMIS system has been one of the most user-friendly systems I have ever used,”
“Great product, Superb value for money and excellent customer support.”
FMIS Fixed Assets Management software can be integrated with most leading accounting software and ERP packages. The integration allows users to create all general ledger postings automatically, cutting out data duplication and ensuring accuracy.
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