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Management of Fixed Assets and Depreciation with Microsoft Dynamics NAV

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Your fixed assets are the items in your business which cannot easily be converted into cash. In most cases, only tangible assets are referred to as fixed. With fixed assets, comes depreciation. Depreciation is the expense generated by the use of an asset. It is the wear and tear of an asset or reduction in the historical value because of usage. Invariably the depreciation expense is charged against the revenue generated through the use of the asset.

Your fixed assets make up a large part of your value, which is why it’s important to know how to handle them appropriately and accurately. Management of your fixed assets is not as easy as it may sound. You need to follow strict regulations to ensure you don’t get cheated out of the value rightfully owed to your company.

Microsoft Dynamics® NAV controls and manages the entire lifecycle of your fixed assets, from acquisition to disposal. Fixed Assets in Microsoft Dynamics NAV 2009 is a fully integrated solution that makes it possible to record, track, depreciate, and dispose of your company’s assets with minimal effort and maximum flexibility. Learn more about the functionality of Fixed Assets within Microsoft Dynamics NAV 2009 and download this fact sheet on our website.

We are a leading UK independent ERP, business management, accounting software and CRM specialist.  Founded in 1999, Concentrix provides a range of ‘best-in-breed’ ERP and CRM solutions including Microsoft Dynamics NAV and Microsoft Dynamics CRM. The company works with clients throughout the UK and has helped a wide range of organizations in many different industries and sectors.

By Peter Elgar with Concentrix Ltd, England Microsoft Dynamics NAV Partner

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