Its time to better manage your most valuable assets

Account for your most valuable assets

If your business needs to track fixed assets for accounting purposes, such as vehicles, machinery, hardware or office equipment, MYOB EXO Fixed Assets is ideal for you. It fully integrates with your General Ledger and provides tools to manage all your assets, including:

  • Purchase
  • Location and tracking
  • Maintenance
  • Depreciation
  • Disposal
  • Asset revaluation
  • Reporting

Location and tracking

Tracking assets is important for every business, regardless of size. MYOB EXO Fixed Assets allows you to quickly check the location of an asset, who has it, when it’s due for return and when it’s scheduled for maintenance. And because it integrates with MYOB EXO Finance, your asset information is always up to date with the latest costing or service date.

 

Asset grouping

With MYOB EXO Fixed Assets you can use hierarchical functionality to group assets by type and function. It also gives you the flexibility to assign default depreciation rates, depreciation codes and asset codes to a specific profit and loss statement on a monthly basis. This is ideal if your assets are spread across numerous branches or offices.

 

Key features and benefits

  • Auto-prompt to load purchased assets to register them
  • Capture purchase details, supplier and serial numbers
  • Extra fields for additional information
  • User defined asset locations
  • Assign asset custodian
  • Parent child assets
  • Instant updates to General Ledger for maximum visibility
  • Track maintenance requirements
  • Assign service company
  • Scheduled servicing reports
  • Set default depreciation rates by asset group
  • Calculate and posts depreciation to General Ledger
  • Track book and tax values for up to 7 years
  • Auto-invoice generation when you sell an asset
  • Dispose or write-off an asset
  • Re-value your assets
  • Profit and loss is calculated and posted to General Ledger
  • Comprehensive suite of reports
  • Book and tax values
  • Customised reporting with the clarity report writer.

 

Calculate taxes based on depreciation

Accurately track book and tax values for up to seven years using MYOB EXO Fixed Assets. You can also save time by calculating and posting depreciation schedules directly to your General Ledger for more detailed reporting – a must for any complex business.

 

Asset movements

Managing asset movements is easy with MYOB EXO Fixed Assets. Simply assign and relocate assets by using the intuitive drop down menu. The General Ledger will be automatically updated whenever an asset is sold or re-valued, giving you a full history of all changes.

 

Assigning parent/child assets

Link one asset to another to track down components of a larger asset with ease, such as manufacturing equipment and machinery.

 

Make better decisions for your business

MYOB EXO Fixed Assets provides powerful reporting by asset group, depreciation, revaluation and maintenance. Customise reports using the in-built report writer and by adding fields and capturing information specific to the assets in your industry.

 

Extensive, established partner network

The EXO Suite of products are implemented and supported by our expert MYOB Partner Network across Australia and New Zealand. We provide educated advice regarding the entire range of MYOB EXO Business and Employer Services Solutions and work with you to design a solution that meets the unique needs of your business.

 

An integrated business solution from MYOB

A range of additional modules are available and can be adopted and tailored to your business. With the assistance of an MYOB EXO Partner, we can build a comprehensive business management system tailored specifically for your business requirements.

Posted on by Patryk Lazarz

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