WorthIT Fixed Assets provides comprehensive tools to manage your assets throughout their entire lifecycle, from initial construction to final disposal. Our system offers flexibility and control at every stage, ensuring accurate tracking and reporting of your fixed assets.

Lifecycle Management Features

• Construction in Progress (CIP):

• Track and manage assets under construction.
• Accumulate costs associated with construction projects.
• Easily convert CIP to fixed assets upon completion.

• Asset Acquisition and Capitalization:

• Record and track new asset acquisitions.
• Capitalize costs according to your organization's policies.
• Integrate with purchasing systems for seamless data flow.

• Asset Maintenance and Modifications:

• Record and track maintenance activities and costs.
• Manage asset upgrades and modifications.
• Adjust depreciation schedules based on improvements.

• Asset Transfers and Reclassifications:

• Easily transfer assets between your customizable account structure.
• Reclassify assets as needed for accurate reporting.
• Track historical changes in asset classification and location.

• Asset Disposal:

• Manage partial and full asset disposals.
• Calculate and record gains or losses on disposals.
• Generate disposal reports for financial and tax purposes.

With WorthIT Fixed Assets, you have the tools to effectively manage your assets throughout their entire lifecycle, ensuring accurate tracking, reporting, and compliance with financial regulations.