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Fixed Assets for Slovakia

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.

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:

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

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:

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

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).

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).

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