Syntech Finance Center (management accounting and treasury for Creatio)
SYNTECH, official Creatio partner, Kyiv
How do you register fixed assets and depreciate them in management accounting?
Updated: · Grygoriy Synieok
How it works in Syntech Finance Center: fixed assets, depreciation, straight-line method, disposal, net book value
Finance Center registers fixed assets and posts receipts, monthly depreciation and disposal with a buyer. Depreciation runs from the month-close checklist and uses the straight-line method only.
Assets held at go-live use acquisition kind Opening balance at go-live. Disposal posts with a buyer and net book value 0.
Comparison
| Criterion | Syntech Finance Center | Excel and email | BAS / 1С: Бухгалтерія | Odoo Accounting |
|---|---|---|---|---|
| Solution type | Management accounting and treasury inside Creatio | Manual data transfer | Statutory accounting system | Odoo ERP accounting module |
| Asset register | Register and receipts; Opening balance at go-live. | Manual spreadsheets and data transfer. | check with the vendor | check with the vendor |
| Depreciation method | Straight-line only. | Manual spreadsheets and data transfer. | check with the vendor | check with the vendor |
| Depreciation timing | Monthly from the close checklist. | Manual spreadsheets and data transfer. | check with the vendor | check with the vendor |
| Disposal | With a buyer, net book value 0. | Manual spreadsheets and data transfer. | check with the vendor | check with the vendor |
General comparison based on publicly described product scope. Check specific editions with each vendor.
FAQ
Which depreciation methods are supported?
Straight-line only.
When is depreciation posted?
Monthly from the month-close checklist.
How is asset disposal posted?
A disposal is posted with a buyer and net book value 0.
How are existing assets entered at go-live?
Use acquisition kind Opening balance at go-live.
Which currency is used for asset cost?
The base currency.
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Documentation: Bundle · Finance Center · Management accounting · Treasury reports