Skip to main content

Asset Accounting

PrismERP asset management solution is designed with the user's perspective in mind. It caters to companies of all sizes—large, medium, and small—ensuring effective asset management, which is crucial for every organization.

1) Add Asset Account​

Navigation Asset New Asset Account

PrismERP allows you to manage all assets within your company or organization. The first step is to create an asset account, from which all asset maintenance costs will be controlled.

Required Fields for Creating a New Asset Account:​

  • Account Name: Name of the asset account
  • Account Type: Type of asset account (e.g., fixed asset, current asset, etc.)
  • Sub Account: Optional field to categorize the asset under another account
  • Note: Optional field for tracking or additional context
  • Description: Optional field for further details
  • Account Code: International Accounting Standard code
  • Opening Date: Date of opening the asset account
  • Opening Balance: Initial balance, if applicable
  • Branch: Specify the branch if the company has multiple branches

2) Asset Account List​

Navigation Asset Asset Account List

The asset account list displays all asset accounts created in the application, along with their respective ledger books.

Key Features:​

  • Left Panel: Displays a list of all asset accounts.
  • Right Panel: Shows the ledger book for a selected asset account.
  • Search Filter: Allows users to filter and view transactions within a specific time interval.
  • Detailed Ledger View: Displays all records and transactions associated with a selected asset account.

This module ensures comprehensive tracking and management of company assets, enhancing financial control and transparency.