Frequently Asked

All about Fixed Asset Management with GoodBooks FAM

Can I track asset depreciation automatically?

Yes, depreciation is calculated and posted automatically as per the configured schedule.

What depreciation methods are supported?

The software supports straight-line, written-down value, and other common depreciation methods with flexible calculation frequencies.

Can I track asset accessories or additions?

Yes, you can manage additions to existing assets and properly allocate costs for depreciation purposes.

How does asset revaluation work?

The system allows periodic revaluation of assets with proper audit trails and adjustment handling.

Can I track asset locations and transfers?

Yes, you can tag assets using unique serials or batches and assign them to specific users or locations, and maintain a complete transfer history.

What reports are available?

Access depreciation reports, new asset acquisition, asset additions, asset valuations, asset transfer and disposals in customizable formats.