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Assets and loans: depreciation and repayment run alongside.

Your fixed assets are in the asset register with a depreciation plan (AfA, the German tax depreciation) and residual value. The system automatically splits the loan instalment on the bank statement into principal and interest.

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Fixed asset register

Fixed assets from purchase to sale in one place.

  • Depreciation planningYou plan the depreciation for each fixed asset. It is posted through depreciation runs.
  • Residual valueThe WorkOrderAgent calculates the residual value of each fixed asset.
  • SaleThe sale of a fixed asset is also recorded in the asset register.

Loans: from instalment to finished booking

Loan management works together with bank reconciliation.

  1. Create the loanWith a repayment schedule. The system keeps track of the outstanding balance.
  2. Instalment arrivesBank reconciliation recognises the loan instalment among the account transactions.
  3. Split and bookedThe instalment is automatically split into principal and interest and booked.

Related

Depreciation and repayment without spreadsheets?

Try the WorkOrderAgent free for 20 days or let us show you asset and loan management.

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