Fixed Assets
Osnovna sredstva
Fixed Assets are long-term, tangible assets which are acquired and used by an organization to support its day-to-day operational activities. These assets are not intended for resale and are expected to provide economic benefits over a period longer than one year. Examples of Fixed Assets include buildings, machinery, vehicles, office equipment, and other items of significant value, typically valued over 500€. They play an essential role in business operations, are used continuously over their useful life and are therefore subject to depreciation, with the exception of land.
The Fixed Assets register enables comprehensive tracking and management of Fixed Assets throughout their entire lifecycle, from the moment they are acquired until they are fully depreciated, decommissioned, or disposed of. This includes, but is not limited to key processes such as Acquisition, Depreciation Calculation, and Deactivation. By maintaining accurate and up-to-date records at each stage, the register supports precise asset monitoring, ensures correct financial reporting, and facilitates compliance with internal controls, accounting standards, and audit requirements.
The register can be accessed from the menu Financials | Fixed Assets | Fixed assets.
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Examples of how to use Fixed Assets register are described on the corresponding pages of the User Manual.
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Depreciation is calculated using the method of straight-line depreciation.
The form for entering fixed assets can be divided into the following sections:
1. Toolbar: The toolbar is found on each PANTHEON form at the top of the program window.
- The features specific to the Fixed Assets form can be accessed by clicking the
(Wizards) button and are described in the chapter Wizards.
- All the fixed assets from the register can be displayed in the form of a report by clicking the Print button.
- Also fixed assets can be imported from and exported to Excel by clicking the
(Import/Export data) button and are described in the chapter Import/Export data.
2. Header: In the header of the Fixed Assets form, you can enter basic information about the asset.
3. Tabs: The bottom part of the form shows tabs with more detailed information on the selected fixed asset:
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You can assign authorizations to individual users for each of the tabs as well as for entering accounts/conditions. This also applies to the Small tools register.
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