Slovak legislative requirements for fixed assets.
Does your company own fixed assets? Are you looking for functionality that allows you to depreciate fixed assets in a straight-line or accelerated manner in accordance with current Slovak legislation? Do you need to account for the disposal of fixed assets or their maintenance as easily as possible?
It is essential that the calculation of depreciation of your fixed assets complies with the applicable accounting and tax rules, whether you use the straight-line or accelerated depreciation method, including taking into account the amount of technical depreciation of the asset and the appropriate rounding for the depreciation book. You may often need to account for the disposal of assets with a residual value or account for their 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 on these areas of your agenda.
Fixed Assets for Slovakia is an extension for Dynamics 365 Business Central, which extends the functionality of fixed assets with depreciation methods according to the requirements of the Income Tax Act of the Slovak Republic, including both straight-line and accelerated depreciation. The added functionalities, together with appropriate system settings, allow monthly depreciation to be calculated to match the annual depreciation of the asset.
Accounting for the disposal of assets that have a residual value, when you need to record the reason for disposal, is simplified by extending the fixed asset accounting group settings so that you can complete such transactions as easily and quickly as possible.
Application features include:
Supported editions:
This application supports the Microsoft Dynamics 365 Business Central Essential and Premium editions.
Supported countries:
Slovakia
Supported languages:
This application is available in Slovak (Slovakia) and English (United States).
Meeting Slovak local requirements for Dynamics 365 Business Central.
Slovak legal compliance reporting to authorities for Dynamics 365 Business Central.
This application allows users to work in Microsoft Dynamics 365 Business Central in Slovak language.
Adds specific payment details to purchase and sales documents as used in Slovakia.
Ability to record advance payments and related documents as used in Slovakia.
Data exchange between Dynamics 365 Business Central and banks in Slovakia is easy.