Accountant working on laptop - Assets Accounting with Microsoft Dynamics NAV

Assets Accounting with Microsoft Dynamics NAV

Fixed assets are significant to the economic activity of a company as they represent the majority of a company's total operating assets. With fixed asset accounting in Microsoft Dynamics NAV (formerly Navision), you can keep track of your business figures at all times. The system offers all of the features that you need to monitor the entire life cycle of your assets, from their acquisition to their correct recording, tracking and depreciation and sale, including:

  • Standard and ad-hoc reporting tools
  • Simple and customizable tracking of asset transactions
  • Customisable depreciation methods
  • Data integration
  • Allocations
  • Asset changes
  • Integration with Microsoft Office
  • Asset overview and analysis
  • Monitoring of maintenance costs

Custom depreciation methods

The Fixed Assets functionality in Microsoft Dynamics NAV meets all applicable international requirements. This means that you can both conveniently determine the integration in your financial management system according to individual criteria and process asset purchases and sales according to your own preferences. The system supports all relevant fiscal, commercial and arithmetical depreciation requirements and can apply as many depreciation methods as required, which is particularly useful for international companies that employ various different depreciation methods.

Asset management at the click of a mouse

At the click of a mouse you can immediately see the entire life cycle of assets on your screen, allowing you to take into account costs, depreciation and asset transactions. What's more, you can also simulate the depreciation or life cycle of your assets up to the end of the asset depreciation range, including the expected selling price and profits. You can also simulate and calculate scheduled assets in this way and consolidate the rest of the assets in an assets analysis preview.

Keep an eye on your costs

Keep an eye on your costs with powerful business intelligence tools: Monitor and analyse your maintenance and insurance costs with ad-hoc reports and KPIs to effectively budget and accurately understand asset costs that accrue throughout their life cycle. And for a comprehensive overview, you can factor your assets into financial analyses by means of integrated access to financial management and other Microsoft Dynamics NAV modules.

Does this sound interesting?

By working with you, we know that we can find the ideal concept to meet your specific requirements. Get in touch with us to discuss how COSMO CONSULT and our Dynamics NAV solutions can help you to get more output of your business.

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