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Capitalized assets, governed from approval to retirement.

Register capitalized assets with tag, site, project and financial values, approve full or partial capitalization, and retire assets under control.

  • Full and partial capitalization
  • Approval flow
  • Field locking
  • Retirement rules
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What you can do

Control what changes once an asset is on the books.

Asset register

Hold tag, site, project, financial values and a parent and child hierarchy for each asset.

Full and partial capitalization

Full capitalization requires the capitalized value to equal acquisition cost. Partial capitalization records a lower value.

Approval flow

Records are submitted, then approved or rejected by a user with the approver role.

Field locking

After capitalization, only operational fields stay editable. Financial values are protected.

Retirement

An asset can be retired only once it is decommissioned and has no active child assets.

Dashboard

See what is pending approval, warranties about to expire, faulty assets and breakdowns by class and site.

In the product

What it looks like.

Capitalized Assets

Capitalized assets at a glance.

See what is pending approval, what is fully or partially capitalized, which warranties expire within 90 days and which assets are faulty or under maintenance.

  • Capitalization status breakdown
  • Warranty expiring
  • Asset status: active, under maintenance, faulty, inactive
assetziq / Capitalized Assets
assetziq screen: Capitalized assets at a glance.
Capitalization status

A clear status from draft to retired.

  1. Draft

    The record is being prepared.

  2. Submitted

    Waiting for approval.

  3. Partially capitalized

    Part of the cost is capitalized.

  4. Capitalized

    The full cost is capitalized.

  5. Retired

    The asset is closed.

Submitted records can also be rejected, and drafts can be cancelled.

Operational and financial

One record for both views of the asset.

Finance sees value. Operations sees condition and lifecycle. Both read the same record.

  • Lifecycle: installed, commissioned, in service, out of service, decommissioned
  • Asset status: active, under maintenance, faulty, inactive
  • Net book value derived from cost and accumulated depreciation
  • Owned or leased ownership type
  • Data import with templates
  • Audit and status history
Works with

Connected modules.

CWIP Assets

Capital work in progress per project, from budget and spend through to capitalization approval.

Fixed Asset Register

Booked entries detailed under maker-checker approval and reconciled against network, warehouse and contract records.

Finance flow

From project spend to a reconciled register.

See Capitalized Assets with your own data.

We will walk through this module on a workflow that matters to your organization.

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