Property and asset management

Complete awareness and comprehensive monitoring of the organization’s fixed assets and property is essential and vital for managers of industrial, production and economic units. Accurate information about the status of damage, depreciation and replacement, insurance, transportation, disposal and reuse, maintenance and protection of the organization’s assets is necessary and essential for proper planning of the organization’s investments. The Dynamic Algorithm Fixed Assets and Property System, which is part of the integrated systems of this company in connection with the Dynamic Algorithm Financial and Warehouse Systems, is designed to facilitate the monitoring and management of the status of fixed assets and property in organizations and provides various facilities and features for users.

Fixed assets, property and equipment are considered assets and part of the partners’ capital and are important in that they generate production. Depreciation expense is a non-cash expense that reduces the company’s tax and also a positive cash flow in the company’s financial statements. Fixed assets can also be considered one of the focal points of investments of organizations and economic institutions. Accordingly, proper monitoring of the status of such assets in order to replace them in a timely manner, ensure appropriate insurance coverage, control transportation, calculate depreciation costs, etc. will be necessary.

It seems necessary to create a system that regularly and accurately controls fixed assets while calculating depreciation and covers the following needs. In order to make appropriate decisions and planning, the organization’s management must be aware of the value, identity, and information of the organization’s equipment and assets. Therefore, the use of an asset management system in the organization seems necessary. Asset management is a new approach to the maintenance and repair system of organizations in order to control and manage asset costs and obtain accurate information about the status of access and utilization of assets. Asset management, with a life cycle approach to assets and assets, tries to reduce the total cost of ownership of assets and increase the accessibility and utilization of assets.

Samanban Property and Asset Management Module

Professional version	Standard version	Initial version	Title
			Definition of user status
			Definition of types of property such as equipment, vehicles, office supplies, and computer networks
			Registration of property custodians (property custodians in each section) and property users
			Registering the minimum amount for consumable goods
			Definition of types of disasters (such as floods, earthquakes, fires, etc.)
			Registration of government organizations and companies
			Determining how to code property (based on property condition, property attributes, location, etc.) manually and mechanically
			Recording internal information and location details of a building - location location
			Registering the entry of trust, leased, donated, and certain property and recording information related to their entry.
			Registration of trust property
			Automatic completion of the goods receipt document based on the warehouse receipt
			Definition of amounts related to the initial value of the period, expert value, book value, scrap value, sales amount for movable and immovable property.
			Registering the address of property in a building
			View the history of transfers between locations
			Recording the exit of assets and their transfer to other organizations
			Update property number
			Exiting property as surplus property and entering it into the warehouse and returning it to the property system
			Registering property depreciation account
			Issuing permission to remove assets from the organization
			Setting up an automatic accounting document for property depreciation
			Calculation and issuance of accounting documents for various cost centers
			Recording operations related to physical observation of property
			Apply observed changes to the property
			Witness and control of the property of one building - one floor - one room
			Report of requested repairs
			Virtual Property Management

Property and asset management

Property and asset management

Samanban Property and Asset Management Module

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