Overview
About this module
The NYLOS Fixed Asset Management module gives finance and operations a single, audited register of every capital asset — from buildings and vehicles to machinery and IT equipment. It handles capitalization, automated depreciation across multiple methods, mid-life transfers between cost centers, revaluation, impairment and disposal, with each event posted automatically to the general ledger and tagged for audit.
Key features
What's included
- 01
Complete Asset Register
Tag every asset with QR/barcode, location, custodian, supplier and warranty. - 02
Automated Depreciation
Straight-line, declining balance and custom methods — IFRS-aligned. - 03
Transfers & Disposal
Move assets between branches, write-off or dispose with full approval flow. - 04
Physical Verification
Mobile-driven asset counts with reconciliation to the register. - 05
GL Integration
Every capitalization, depreciation and disposal posts to finance instantly.
Industries
Who benefits
The Fixed Asset Management module has been deployed across multiple sectors. Organizations that rely on it most include:
Manufacturing·Banks & MFIs·Hospitals·Hotels·Construction·Government & Public Sector·Universities·Telecom
Outcomes
Business benefits
- Eliminates ghost and missing assets
- Provides audit-ready depreciation schedules
- Optimizes capital expenditure decisions
- Aligns finance, operations and audit on one register
Ready to flow with Fixed Asset Management?
Activate this module on its own, or combine it with the rest of NYLOS for a complete enterprise platform.