Fixed Assets for Slovakia

Does your company have its own fixed assets? Are you looking for functionality that will allow you to depreciate fixed assets using the straight-line or accelerated method in accordance with current Slovak legislation? Do you need to post the disposal of fixed assets or its maintenance as simply as possible?

It is essential that the calculation of depreciation of your fixed assets corresponds to the applicable accounting and tax rules, whether you use the calculation according to the method of straight-line or accelerated depreciation, including taking into account the amount of technical valuation of the asset and appropriate rounding for the given depreciation book. Many times you may need to account for the disposal of an asset with a residual value or post its maintenance without having to think about the corresponding accounting entry. Do you need these processes to work in accordance with Slovak legislation? Our Fixed Assets for Slovakia application is focused precisely on these areas of your agenda.

Fixed Assets for Slovakia is an extension for Dynamics 365 Business Central that extends its fixed asset functionality with the methods of depreciation according to the requirements of the Income Tax Act of the Slovak Republic, for straight-line and accelerated depreciation as well. Added functionalities together with appropriate system settings allow monthly depreciation to be calculated in such a way that it corresponds to the annual depreciation of the asset.

Posting of the disposal of assets that have a residual value when you need to record the reason of the disposal is simplified by expansion of the fixed assets posting groups setup so you can finish such operations as easily and quickly as possible.

App features include:

• Straight-line and accelerated depreciation of fixed assets
• Calculation of monthly depreciation corresponds to annual depreciation
• Depreciation rounding – set up the direction and accuracy of rounding the depreciation calculation for a specific depreciation book
• Disposal of assets with a residual value according to the reason for disposal (reason code)
• Maintenance posting based on the maintenance code (reason code) in the purchase documents