Introduction to Accounting
Brightly Assetic Accounting is designed to act as an asset sub-ledger, enabling double-entry book-keeping at an asset component level. Using Brightly Assetic Accounting an organisation can recognise, depreciate, capitalise, revalue, track operating expenses and dispose of asset components via a range of transactions. The module is designed to integrate with ERP and Finance systems.
The module supports two methods of asset accounting:
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Historical Cost - Further information on Historical Cost Accounting
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Fair Value - Further information on Fair Value accounting
The system allows an organisation to run both ledgers simultaneously if required.
