Simplify your fixed asset management process

This checklist is designed to help you ensure that every aspect of fixed asset management is covered, including:

• Fixed asset identification and classification

• Fixed asset acquisition and capitalization

• Fixed asset depreciation and amortization

• Compliance with accounting standards

• Revaluation and impairment

• Asset maintenance and disposal

• Internal controls and audits

• Tax compliance

• Fixed asset accounting software and tools

• Training and documentation

While this checklist provides a thorough overview of the tasks involved, we recognize that managing these tasks manually presents challenges, like risk of errors from manual processes, complex calculations, and compliance issues. The complexity and volume of work demand a solution that simplifies and streamlines the process.  

That’s where our fixed asset management software, NetAsset by Netgain, comes in.  

NetAsset is designed to handle the complexities of fixed asset accounting efficiently, offering automation, accuracy, and ease of use. By integrating seamlessly with your existing financial systems, NetAsset simplifies tasks such as tracking, depreciation, and reporting, allowing you to focus on what matters most—making strategic decisions and driving your business forward.

NetAsset was designed by accountants to address fixed asset management challenges and simplify the process. Our solution offers:

• Centralized management: Centralize all asset activities in one platform, reducing errors and ensuring consistent reporting across financial and tax systems.

• Automated calculations: Say goodbye to manual calculations. NetAsset automates complex tasks like creating multiple book and tax depreciation schedules and construction-in-progress (CIP) build-ups to minimize errors and save valuable time.

• Seamless ERP integration: Our tool integrates effortlessly with your existing ERP systems, providing real-time visibility and control over your fixed assets while improving efficiency.

• AI-powered tools: Advanced AI and automation features streamline workflows, automate reporting, and easily handle diverse depreciation methods.

• Dynamic reporting: Access comprehensive and accurate reports with our advanced reporting capabilities, enhancing decision-making and operational efficiency.

NetAsset not only simplifies compliance and reduces manual input but also offers transparent pricing and expert support to ensure a smooth implementation. Whether you're an accounting firm or a business with a large asset portfolio, NetAsset is the solution to streamline your fixed asset management process and drive better financial decisions.

Explore the power of NetAsset and see how our advanced software can make managing fixed assets more efficient and less error-prone.

Or, if you're a NetSuite user, check out NetAsset for NetSuite.