Asset Accounting

BEST ACCOUNTING SOFTWARE

OneBusiness Cloud ERP is a complete end-to-end solution for all businesses. OneBusiness ERP is the best ERP India and the Best ERP Australia with user-friendly navigation and beautiful user interface.

In simple terms, assets are the resources with an economic value that a company or an organization or a country or an individual holds. We use asset accounting to manage your account by storing and sorting the debit & credit amounts from a company/ organization’s transaction. An asset accounting is a subsidiary ledger to a General Ledger account.

Optimize your daily operations related to asset accounting like integrate & automate corporate functions with OneBusiness application software by KSA Tech. The OneBusiness Financial accounting module provides you with a flexible and user-friendly asset accounting solution for asset and depreciation accounting that does all the hectic tasks in a few clicks.

This software works great for both small companies and big organizations. Either you have movable assets or immovable assets; OneBusiness software knows how to take care of all of your assets purchased or sold by the corporate or government.

OneBusiness ERP, a Best ERP India follows the Indian accounting principles. OneBusiness ERP, a Best ERP Australia has all relevant GST reports suitable for Australian customers.

‘OneBusiness’ application software by KSA Tech is a cloud-based software that caters to your asset management needs like no one else can do. With this software, take your business to the next level by only using our unique features to help your business grow like never before.

Some examples of asset accounts

There are lots of examples of asset accounts: some of them are buildings, cash, short-term investments, prepaid expenses, land, inventory, supplies, etc.

Steps to open asset accounting section/module

Modules which you will get under asset accounting in ‘OneBusiness’ application
In asset master, you can create, delete, or edit the asset. Asset master holds the authoritative data maintained by the corporate or an organization. You can view the holdings in tabular form and click on view to see individual asset information. Not only this, OneBusiness software provides you with the option to search assets by date or asset number.
While creating an asset, you can make it’s sub-asset by using this module with create, delete, edit and view options for it
This module enables you to hold the data of assets purchased from the vendor. It gives you the authority to create, edit, view, delete & update the asset information
In asset accounting, you will get the depreciation module where you can add the reduction of the recorded cost of a fixed asset to create the asset depreciation data with all the authority of editing, viewing & deleting.
In our software, we are providing a separate module for your unplanned depreciation. You can manage the data here in tabular form.
In this module, you can maintain the data of removed or retired assets with its scrapped value, date, or asset number.
This module is similar to scrapping full retirement but for the data of partial retirement scraping assets only.
This module enables you to post the entry to account for the retirement of an asset with revenue against a customer.
This module can be used when you are retiring an asset and also mentioning the revenue. It would help if you use this module only when no customer is involved.
This module enables you to post the entries of total assets transferred in tabular form.
You can use this module to add the entries of partial transfer assets only
This module is used to display the detail of all the individual assets. Reasons why you should choose the ‘OneBusiness’ Financial accounting module for your asset accounting
For us, every user is significant to us, so we have designed it in a very user friendly manner. OneBusiness Financial accounting module provides a great and easy User Interface so anybody can work without taking a lot of time to understand the layout only. In-case of any customization as per your business needs, you can contact us anytime. We also provide custom changes as per business requirements. Check your business insights from anywhere with real-time data. Say NO to costly ERP software, OneBusiness is very economical to implement and run. It can save a lot of time by using its automated features to handle your accounting problems. Get real-time data to make end-time strategies.