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Branchwise Asset Depreciation

Calculating and Tracking Asset Depreciation Separately for Each Branch

In multi-branch organizations, managing assets and their associated depreciation accurately at the branch level is essential for financial transparency and operational control. PrismERP’s Branchwise Asset Depreciation feature ensures that each branch's assets are depreciated independently, reflecting the true value of assets held and used within each location.

What is Branchwise Asset Depreciation?​

Branchwise Asset Depreciation refers to the practice of calculating depreciation for fixed assets based on the branch where they are assigned or used. This helps maintain clear financial records per branch and supports branch-specific reporting, budgeting, and auditing.

Key Features​

  • Branch-Based Asset Assignment Assets are linked to specific branches upon creation or allocation.

  • Individual Depreciation Schedules Each asset follows its own depreciation cycle, calculated independently for the associated branch.

  • Multi-Frequency Support Depreciation can be run monthly, quarterly, or annually for each branch's assets.

  • Separate Depreciation Vouchers Depreciation vouchers are created and maintained by branch, ensuring localized financial tracking.

  • Branch-Level Financial Reporting Depreciation entries are posted to branch-specific accounts in the General Ledger.

  • Audit and Reconciliation Support Enables audit trails and branch-level reconciliation of asset value and depreciation history.

Integrated Modules​

  • Fixed Asset Management
  • General Ledger
  • Financial Reporting
  • Branch Management
  • Budgeting & Forecasting

By using Branchwise Asset Depreciation in PrismERP, organizations can confidently manage asset valuation across multiple branches, ensuring localized accuracy while maintaining consolidated financial oversight.