Organize hotel asset records and groups, then follow depreciation, transfers, value adjustments and sales in Flowtel ERP for hotels and operators.
Create an asset record with its name, reference, value and depreciation start date, linked to the company and suitable depreciation profile. Organize furniture, equipment and other fixed assets in a register that supports value tracking.
Classify assets in parent and child groups such as room furniture, kitchen equipment and appliances. Groups organize the register and make assets easier to find by classification, while asset profiles define depreciation settings.
Set depreciation duration and frequency through the asset settings, then review scheduled amounts and dates. Follow accumulated depreciation, remaining value and linked journal entries alongside acquisition cost.
Manage asset transfers within the hotel or operating company’s asset lifecycle. A defined transfer procedure helps keep asset tracking aligned with its use, according to the transfer scope and property procedures.
Adjust an asset’s value when a financial review calls for a change. Handle value changes within asset management using the treatment defined by the finance team and company policy.
Manage asset sales by reviewing the sale proceeds and remaining value at disposal. Follow the accounting gain or loss using configured accounts and policy, and close the asset lifecycle with clear financial information.
Record its name, reference, value, date and company, then choose a suitable depreciation profile. The profile defines calculation settings and accounts used by the finance team.
Parent and child groups organize assets by type, such as furniture and equipment. They make the register easier to browse and similar assets easier to follow within a clear classification.
Yes. The depreciation schedule shows amounts and dates, alongside accumulated depreciation, remaining value and linked journal entries. Asset settings determine depreciation duration and frequency.
Flowtel supports asset transfers within the property’s management procedures. A tailored demo shows the transfer process for your use case and identifies the required information and steps for your hotel or operating company.
It handles a change to an asset’s value within asset management when required by a financial review. The finance team determines the reason and appropriate treatment under company policy.
Review sale proceeds, remaining value and disposal accounts, then follow the gain or loss according to the configured policy. This closes the asset lifecycle with its financial impact accounted for.
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