Balance Sheet Reconciliation
Automate capitalisation and depreciation posting of fixed assets for accurate fixed asset reconciliation.
Update and maintain fixed asset depreciation schedules.
Synchronises fixed asset data between the ERP system and the fixed asset register.
Calculate depreciation expense for every fixed asset according to the set schedule.
Review depreciation expense by fixed asset type and identifies any anomalies.
Automate the journal preparation for fixed assets depreciation expense.
Automate journal posting to the ERP after approval.