Fixed assets

VERP-OS is designed for quantitative and value-based monitoring of fixed assets. It includes fixed assets record, allocation by work units, departments, subsectors, etc. The module calculate the depreciation by months, revaluation, depreciation transfer and automatically entry in a financial order by months and automatically balance transfer from one business year to another.

The basis for depreciation calculation is the purchase value, that is, the revaluation value of the fixed assets determined in accordance with the regulations.

The basis for depreciation calculation can be adjusted in relation to subsequent expenditures in accordance with the accounting standards that improve the asset’s position. It can be corrected related to investments due to reconstruction, adaptation or other investments that increase the useful life, capacity, functional connection of the fixed asset.

Value changes that are basis for depreciation calculating of the fixed asset are taken into account for further calculation of depreciation from the first day of the next month, that is, from the first day of the next year after they occurred, after they were determined.

Depreciation is calculated individually for each fixed asset within defined amortization groups and depreciation rates. When the amount of the asset purchased value is equal to the write-off value, further depreciation calculation is over, although the assets are subsequently used for carrying out the activity and such basic assets that are written off entirely are retained in the records of fixed assets. For each asset, a card is printed, a reversal of fixed assets to employees and customers can be issued, as well as a list of all the basic assets, required reports and forms.

 VERP-OS is offered in a package with installation and user training. It can be used on one or multiple networked computers, with roles and user-access policies.

It can be interrelated with the rest of the modules to enable Integrated Information system.

VERP-OS module is scalable per company size, which makes it perfect for small companies, but also large ones, with complex organisational structure and processes.