Fixed Asset Management

Forget manual data entry in Excel spreadsheets. An automated fixed asset solution means less time spent updating asset records and generating financial statements. It also helps reduce errors and minimize losses associated with missing or misplaced assets.

With real-time synchronized data, you can track assets anytime, on mobile devices or desktop. Your employees can handle asset check-ins and check-outs while you maintain full oversight. Barcode scanning further streamlines asset tracking and data entry.

Track the useful life and depreciation of your assets effortlessly. Our intuitive depreciation software helps with depreciation calculations, forecasting, and budgeting. Set up automated notifications for maintenance, inspections, and warranty tracking to prevent unexpected breakdowns and costly repairs. Choose from multiple depreciation methods that comply with GAAP and IRS regulations.

With Hector, your finance department is automatically notified when an asset is archived, broken, discarded, or stolen. Notifications can be sent via email or alerts, allowing the finance team to take appropriate action in the records. This ensures that the asset inventory is always up to date, providing real-time visibility of company assets across all departments.

Ensure that your fixed asset management complies with the latest accounting and tax regulations. With accurate tracking of accounting records, depreciation plans, and asset disposals, you simplify audits and reduce the risk of errors or non-compliance. Additionally, the automated generation of detailed reports streamlines audits and gives your accountant quick access to essential financial data.

With a clear view of your company’s assets, make informed decisions regarding acquisition, renewal, or disposal of fixed assets. The tool allows you to analyze the book value, useful life, and profitability of assets, helping you optimize investments and improve long-term financial planning.