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Branchwise Asset Serial Management

Manage Asset Serials Separately for Each Branch with Unique Tracking​

PrismERP’s Branchwise Asset Serial Management feature ensures that every asset across multiple branches is tracked independently using unique serial numbers. This is crucial for businesses with a decentralized asset structure—allowing them to monitor, assign, depreciate, and audit assets per branch accurately.

What is Branchwise Asset Serial Management?​

Branchwise Asset Serial Management refers to the capability of the system to manage and organize asset serial numbers on a per-branch basis. It ensures that assets belonging to different locations or departments maintain their own identity and history, even if they fall under the same category or type.

Key Features​

  • Branch-Specific Serial Assignment Each asset serial is uniquely associated with its designated branch during creation or upload.

  • Centralized & Segregated Asset Views Allows both branch-level visibility and company-wide reporting for asset tracking.

  • Unique Serial Numbering Per Branch Avoids conflicts by preventing duplicate serial numbers across branches.

  • Asset Movement Tracking Log and trace inter-branch transfers of assets, keeping their original serial history intact.

  • Branch-Based Filters in Reports Generate serial-wise asset reports filtered by individual branches.

  • Linked Depreciation & Assignment Serial-based depreciation and asset assignment processes are handled separately per branch.

Use Cases​

  • Companies with regional offices managing their own IT and equipment inventories
  • Educational institutions tracking lab and classroom assets by campus
  • Hospital chains managing equipment serials by location
  • Manufacturing units needing unique serial logs per production facility
  • NGOs with branch-based project resources requiring individual asset tracking

Integration with Other Modules​

  • Asset Management: Handles asset registration and lifecycle on a branch-by-branch basis.
  • Depreciation: Calculates depreciation per serial per branch.
  • Asset Assignment: Assigns and tracks assets per employee/department within each branch.
  • Inventory: Syncs serialized assets into inventory records segregated by branch.
  • Financial Reporting: Enables branch-level fixed asset reporting and valuation.

Workflow Example​

  1. Asset Entry

    • Navigate to Asset Add Asset Item
    • Select Branch and assign Serial Number

  2. Depreciation

    • Navigate to Asset New Depreciation Voucher
    • Apply depreciation to assets listed by serial per branch

  3. Assignment or Movement

    • Assign assets to departments within the selected branch
    • Track inter-branch asset transfers if moved

  4. Reporting

    • Use branch filters in the Asset Serial Report or Asset Movement Logs

Conclusion​

Branchwise Asset Serial Management provides organizations with the structure and flexibility to manage assets efficiently across multiple branches. With unique serial tracking per location, it enhances control, ensures accountability, and simplifies audits—supporting both centralized and decentralized asset management strategies.