info@hourglassit.com   |   +91 86109 00368
Fixed Asset Management

Know where every asset is. Know what it is worth.

Track, verify, maintain, depreciate and dispose of physical assets across their whole lifecycle, with one connected asset register.

Get a free demo Download Brochure

Web application iOS and Android app

Move beyond spreadsheets and fragmented asset records.

Without centralised control

Manual verification, outdated records, misplaced assets and limited visibility of depreciation.

With Hourglass Fixed Assets

One connected asset register with QR verification, depreciation, movement history and audit-ready reporting.

One system from acquisition to disposal.

1

Acquire

Capture cost, category, location and ownership.

2

Tag

Assign a QR code to each asset.

3

Allocate

Assign location and custodian, and track movement.

4

Verify

Scan QR codes to physically verify assets and flag exceptions.

5

Depreciate

Calculate straight-line depreciation and book value.

6

Dispose

Retire or dispose of assets with an audit trail.

Everything you need to control your asset base — physical and financial.

Centralised asset register

Keep categories, cost and acquisition details, location, department, custodian and lifecycle status in one place.

QR-based tracking

Tag every asset with a QR code and identify it with a quick scan during audits.

Physical verification by QR scan

Verify assets by scanning their QR codes, compare recorded with physical, and flag missing, misplaced or exception items.

Asset movement

Record transfers of location, department and custodian, with a full movement history.

Straight-line depreciation

Automate depreciation with book value tracking and depreciation schedules, instead of manual calculation.

Maintenance management

Schedule preventive maintenance, keep service history and track maintenance activity.

Disposal management

Manage retirement, scrapping and sale with documentation, approval workflow and an audit trail.

Excel upload

Load your existing asset register from Excel instead of re-keying it.

Mobile app

Scan, verify and check asset details on the move with the iOS and Android app.

Dashboards and reporting

See asset values, depreciation, locations, custodians and verification results.

Asset financial history

Maintain acquisition cost, depreciation and book value information alongside the physical asset record.

Audit trail

Keep a history of verification, movement, maintenance and disposal activity for stronger asset control.

From physical asset to financial record.

Maintain the operational and financial history of every asset in one place, from acquisition and capitalisation through depreciation and disposal.

1

Acquire

Capture acquisition details and asset cost.

2

Capitalise

Maintain the asset record and financial basis.

3

Depreciate

Track straight-line depreciation and book value.

4

Dispose

Retire or dispose with supporting records and audit trail.

Finance visibility: Track acquisition cost, depreciation and book value alongside the physical asset record, helping Finance and Operations work from the same information.

Connected to the wider Hourglass IT application suite.

Fixed Assets connects with Inventory Item Master, Payables and Service Contracts so asset information can flow through the wider business process.

Service Contracts

Connect assets with the service contracts that cover them.

View Service Contracts

Payables

Connect asset records with supplier invoice and payment information.

View Procure to Pay

Manage the assets that matter to your organisation.

Suited to organisations with assets spread across departments, branches or project sites.

Construction and infrastructure

Track equipment and site assets across projects and locations, with clear custody and verification.

Healthcare

Maintain records for medical equipment and infrastructure.

Manufacturing

Track machinery, equipment and tools while supporting maintenance.

Corporates and multi-location businesses

Centralise assets across departments, branches and locations.

Questions about Fixed Assets.

The process of tracking, maintaining, valuing and managing physical assets throughout their lifecycle, from acquisition to disposal.

Yes. Assets can be organised by location, department and custodian, giving centralised visibility across branches and facilities.

Yes. Assets are identified by QR code, and physical verification is done by scanning QR codes in the mobile app, available for iOS and Android.

The application calculates depreciation using the straight-line method, with book value tracking and depreciation reporting.

Yes. Fixed Assets connects with the Inventory Item Master, Payables and Service Contracts applications.

Yes. Existing asset data can be uploaded from Excel.

Ready to bring your asset register under control?

See how Hourglass Fixed Assets can help you track, verify, depreciate and manage assets while connecting with Inventory, Payables and Service Contracts.

Book a Demo Message us on WhatsApp