open source fixed asset management

Manage asset lifecycle from acquisition to

 retirement, with ease

Maintaining accurate financial records is crucial—not just for statutory compliance, but for a clear, real-time view of your organization’s financial health. With ERPNext, a fully open-source ERP software for accounting, you can streamline compliance, reduce manual spreadsheet efforts, and minimize reliance on external auditors. ERPNext transforms accounting by seamlessly integrating with inventory, manufacturing, HR, and more—turning your ERP into a centralized financial hub.

  • Manage asset lifecycle

  • Track inventory details of assets

  • Procure assets in few clicks

  • Sell assets

  • Automate asset depreciation

  • Scrap assets

  • Asset value adjustment

  • Asset reporting

  • On-the-fly customizations

Manage asset lifecycle

ERPNext simplifies financial management with a flexible Chart of Accounts (CoA) that adapts to any business structure. The tree view feature lets you organize ledgers into parent and child nodes, making it easier to categorize and break down financial data. ERPNext also supports multi-company accounting, consolidates financials, and offers multi-currency capabilities, making it ideal for global businesses. This helps enhance data analysis, provides clear financial insights, and streamlines management across multiple entities..

Track inventory details of assets

ERPNext features integrated inventory so you can easily manage all information about an asset. Batched or serialized items? Take your pick. Scan barcodes with your device camera for blazing fast search, faster outputs, and data-driven decisions based on assets’ availability, locations, and more. When an asset is purchased, the system auto-creates the asset record based on the information stored in the item master.

Procure assets in few clicks

 
Procuring assets is done via purchase receipts (goods received notes) or purchase invoices. The system directly creates a record for the asset, based on the information stored in the item master. Depreciation methods, schedule, insurance details and more can be updated with a few clicks. Asset procurement simplified with one-time configuration.

Sell assets

 
With a few clicks, you can sell assets that you no longer need. There is no overhead of maintaining accounting books, since the system will auto-create those journal entries, keeping the process quick and seamless.

Automate asset depreciation

 
Automated asset accounting removes the hassle of manual depreciation entries. Configure depreciation schedules for various categories of assets, and watch the software auto-calculate the depreciation amount or dates and create accounting entries.

Scrap assets

   
When you no longer need an asset, you can scrap it with just one click. The accounting entries are handled by our asset management software so the process always stays smooth.

Asset value adjustment

     
If the value of an asset increases or drops off suddenly, it can be recorded using the Asset Value Adjustment feature. The system will create journal entries (based on the re-adjustment values that were entered) and recalculate depreciation amounts.

Asset reporting

     
Identify bottlenecks, monitor performance, and improve service delivery with reporting features. Out-of-the-box standard reports and easy-to-build custom reports empower you with data-driven analysis for better decisions.

On-the-fly customizations

     
Create your own open source asset management software. Map the data you care about by adding custom fields in your forms. Then customize form behavior by auto-fetching values, hide fields based on user roles, and create custom print formats — all without a single line of code.
No-code builder

Automate tasks with drag-and-drop simplicity

API-first

Easily integrate with third-party systems

Mobile-friendly

Manage all modules from any device

Customizable

Forms, reports, print formats, and dashboards

Approval workflows

Simplify with custom multi-level workflows

Roles & permissions

Granular access control to safeguard data

Choose Freedom with ERPNext

 

The comprehensive, user-friendly and 100% open-source ERP

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