Problem Statement
- Traditional asset depreciation calculation methods using Excel were inefficient.
- Fixed asset details maintained in Excel sheets were disorganized and difficult to manage.
- Manual calculations for asset sales in Excel sheets were time-consuming and prone to errors.
- Lack of integrated financial management for fixed assets.
- Inefficient asset assignment and tracking processes.
Challenges
- Transitioning from manual Excel-based depreciation and asset tracking to an automated system.
- Ensuring accurate and timely depreciation calculations within Zoho Creator.
- Integrating fixed asset data seamlessly with Zoho Books for financial reconciliation.
- Developing a robust system for tracking asset assignments.
- Overcoming resistance to change from existing manual processes.
Solution Delivered
- Developed a dedicated fixed asset management system in Zoho Creator for depreciation calculations and asset detail management.
- Enabled automatic calculation of asset depreciation within Zoho Creator.
- Implemented automated tracking and display of calculations for asset sales within Zoho Creator.
- Integrated the Zoho Creator system with Zoho Books for seamless financial data flow.
- Implemented a system for assigning assets through the fixed asset management system.
Results
- Improved accuracy and efficiency of asset depreciation calculations.
- Centralized and organized fixed asset details within Zoho Creator, eliminating reliance on disparate Excel sheets.
- Streamlined asset sale calculations, providing immediate insights within Zoho Creator.
- Enhanced financial management through seamless integration with Zoho Books.
- Improved asset tracking and accountability through the asset assignment feature.
