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Asset accounting

Asset accounting accompanies assets from receipt through scheduled depreciation to disposal and connects master data, accounts and evaluations.

Asset accounting

Asset accounting accompanies assets from receipt to scheduled depreciation to disposal. It manages all of a company's long-lived assets and calculates their performance through depreciation over their useful life. The aim is to correctly present the development of fixed assets.

That's what you use this page for

  • Fixed asset groups structure the inventory.
  • Depreciation types determine the time calculation.
  • Asset classes classify assets technically and for evaluation purposes.
  • Fixed assets contain the individual asset with acquisition, status and depreciation schedule.
  • Preview and posting functions make planned depreciation checkable before posting.

Safe process

  1. First maintain groups, depreciation types, classes and accounts.
  2. Create the individual asset.
  3. Create and check the depreciation schedule.
  4. Perform periodic depreciation only on confirmed values.
  5. Document rebooking or departure in a comprehensible manner.

Then check

  • Asset master, general ledger account, acquisition receipt and depreciation schedule produce the same picture over the entire term.

In this chapter

Related topics

  • Fixed assets
  • Asset overview
  • postings

Frequently asked questions

What do I use asset accounting in X-ERP for?

Asset accounting accompanies assets from receipt to scheduled depreciation to disposal and connects master data, accounts and evaluations.

What do I need to check before saving, posting or sharing?

Asset master, general ledger account, acquisition receipt and depreciation schedule produce the same picture over the entire term.