Sutumatic Fixed Assets Management System | Accurate Depreciation & Financial Reporting

✅ Features of the Fixed Assets System

Automatic asset registration upon purchase or addition
Flexible asset classifications: Buildings, Equipment, Vehicles, Devices, Furniture, etc.
Automatic depreciation calculation using multiple methods (Straight-line, Declining balance, etc.)
Link each asset to expenses, insurance, location, and responsible user
Activity log for each asset: purchase, maintenance, adjustment, sale, or disposal
Track remaining useful life and book value of each asset
Generate accurate reports for management, accounting, and Zakat compliance

Sutumatic relies on the most widely used and approved accounting method in Saudi Arabia:

Straight-Line Method – The simplest and most commonly used method for calculating asset depreciation with clarity and precision.
Future-Ready: The system is prepared to support additional methods such as the Declining Balance Method and Manual Depreciation for special cases.

FAQ

Can an asset be added automatically upon purchase from a supplier?
Yes, the purchase invoice is directly converted into an asset within the system.
Can the depreciation method be changed after the asset is registered?
Yes, as long as the asset has not been depreciated yet. You can change the method or reschedule the depreciation.
Can an asset be linked to a specific project?
Absolutely. Each asset can be linked to a project or cost center for better performance tracking.
Does the system support asset sales and record profit or loss?
Yes, and the system automatically generates the accounting entries once the sale details are entered.

Start Managing Your Assets with Confidence and Transparency

Gain smart and precise control over your organization’s assets — from the first purchase entry to the final depreciation record.

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