RockifyERP Knowledge Base
Assets
23 step-by-step RockifyERP guides on assets. Choose a guide to get started.
Guides in this section
- Assets in RockifyERPThe Assets module in RockifyERP keeps a register of vehicles, machines, computers and buildings, who holds them, and what they're worth after depreciation.
- Asset categoriesAsset categories in RockifyERP group similar assets, such as Motor Vehicles or Computers, and set their accounts and depreciation.
- Asset locationsAsset locations in RockifyERP record where each asset is, such as Head Office, Mombasa Branch or Site 3.
- Buy an assetBuy assets in RockifyERP through the normal purchase process, and the asset record is created for you.
- Register an assetAn asset record in RockifyERP holds the cost, location, custodian and depreciation schedule of one asset.
- DepreciationRockifyERP calculates and posts depreciation for each asset on schedule, so your books always show current asset values.
- Depreciation methodsRockifyERP supports several depreciation methods.
- Daily depreciationRockifyERP can calculate depreciation by days in each period, which is fairer when periods differ in length.
- Depreciation by shiftsFor machines used in shifts, RockifyERP can depreciate them according to how many shifts they ran.
- Separate book and tax depreciationUse finance books in RockifyERP to run book depreciation and tax depreciation side by side.
- Asset maintenanceAsset maintenance in RockifyERP schedules servicing and checks for each asset, so nothing is missed.
- Maintenance teamsMaintenance teams in RockifyERP group the people who service your assets.
- Maintenance logsMaintenance logs in RockifyERP record each completed maintenance task, with the date, who did it and notes.
- Move an assetAsset movements in RockifyERP record when an asset changes location or custodian.
- Repair an assetAsset repairs in RockifyERP record breakdowns, repair costs and whether the repair adds to the asset's value.
- Adjust an asset's valueAsset value adjustments in RockifyERP change an asset's book value, such as after an impairment or revaluation.
- Capitalise costs into an assetAsset capitalisation in RockifyERP combines stock items, services or other assets into a new or existing asset.
- Sell an assetSell an asset in RockifyERP through a sales invoice.
- Scrap an assetWhen an asset is written off, scrap it in RockifyERP so it leaves the register and its remaining value is expensed.
- Asset reportsRockifyERP asset reports show your register, values and depreciation.
- Turn a stock item into a fixed assetIf you bought an item as stock and later use it as an asset, move it in RockifyERP with asset capitalisation.
- Depreciation isn't what I expectedCommon causes of unexpected depreciation in RockifyERP.
- Asset FAQsQuick answers to common RockifyERP asset questions.
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