What is Zoho Fixed Asset Management?
Zoho Fixed Asset Management (FAM) is a native feature within Zoho Books that helps businesses efficiently track, manage, and depreciate their fixed assets—such as machinery, laptops, furniture, and vehicles. It offers a seamless and integrated solution to handle the complete asset lifecycle, from acquisition to disposal, while automating depreciation and related accounting entries.
This built-in module is especially valuable for finance teams seeking accuracy, transparency, and efficiency in managing their tangible assets—without the need for external tools or manual tracking systems.
Why Use a Fixed Assets Management App?
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Reduces errors and improves accuracy: Manual tracking via spreadsheets or paper is prone to miscalculations, especially during depreciation or asset disposal. FAM automates these processes, reducing human error and ensuring reliable financial records.
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Saves time with automation: Automating monthly depreciation calculations, journal entries, and asset records saves time, letting finance teams focus on analysis and strategy rather than manual data entry.
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Enhances asset visibility and control: FAM provides a centralized asset register with details like location, ownership, and condition—ensuring accountability and avoiding asset misplacement or underuse.
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Supports regulatory compliance: FAM ensures accurate depreciation tracking and audit-friendly reporting, aiding compliance with accounting standards and regulations.
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Improves decision-making: With insights into asset lifespan, maintenance history, and utilization patterns, businesses can make smarter procurement and retirement decisions.
Key Features of the FAM Application
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Complete asset register: Maintain a central database of all your fixed assets, with purchase details, serial numbers, values, locations, and responsible departments.
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Automated depreciation: Supports both Straight Line and Written Down Value methods. Monthly depreciation is automatically calculated and recorded within Zoho Books—no manual intervention needed.
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Asset categorization: Classify assets by categories such as IT equipment, vehicles, or furniture to simplify reporting and lifecycle analysis.
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Lifecycle and movement tracking: Track each stage of an asset’s life—from acquisition to disposal—including maintenance, location changes, and retirement.
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Zoho Books integration: Since FAM is part of Zoho Books, all depreciation and disposal entries are natively recorded in your books, ensuring accuracy and eliminating duplication.
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User access controls: Define role-based permissions to manage who can add, edit, or view asset information within Zoho Books.
Technical Requirements
Zoho Fixed Asset Management is available in Zoho Books Premium and higher plans. It works out of the box and integrates seamlessly with your financial workflows.
If you’re already using Zoho Books at the Premium level or above, now is the perfect time to make the most of its built-in asset management capabilities. Integs Cloud can assist with setup, configuration, and optimization to align the system with your unique business structure and accounting needs.
Why Not Use a Spreadsheet or External Tool?
While spreadsheets offer flexibility, they lack the automation, integration, and audit-readiness of a dedicated asset management system. Zoho Books with FAM offers a centralized and automated approach that scales with your business, avoids manual errors, and keeps your books in sync.
Want a Demo or Have Questions? Contact Integs Cloud
If you’re ready to streamline your asset tracking and ensure accurate depreciation handling, Integs Cloud is here to help. As a trusted Zoho Authorized Partner, we specialize in implementing Zoho Books and its FAM features to match your specific requirements.
Reach out to us today to schedule a free demo or consultation.
