bizAssets Add-on for SAP Business One enables organizations to manage tangible assets within SAP Business One. This is integrated with the standard component, Financials.biz Assets calculates the depreciations according to the costs of acquisitions and performs the relevant postings in the General Ledger.

The main features are:

• Lifecycle management of bizAssets from Acquisition, Movements to Retirement
• Seamless integration with Financial accounting
• Hierarchy and Classification of assets
• Several methods for calculating depreciation
  • Straight line
  • Diminishing balance
  • Immediate write-off
• Automated as well as Manual calculations
• Multiple Depreciation areas
• Asset history