Promotional product video/transcript presenting NetAsset (by NetGain) as a fixed-asset accounting and management software. Uses a case-study (Acme Construction) to show pain points with Excel, features that streamline workflows (AI transaction upload, depreciation schedules, Asset Balance Roll Forward, disposals), QuickBooks integration, audit support, and a call-to-action to sign up or request a demo.
Hi, I'm Braden Bronson, accountant, former Big Four auditor and product manager here at NetGain. I'm excited to talk to you about fixed asset accounting, how we can streamline your workflows, reduce inefficiencies and make sure that your accounting documents are error free. We know that fixed asset accounting is an integral part of your business and we know that this can get very overwhelming at times. Let's jump into a company called Acme Construction to see their journey. Acme Construction started off with roughly 30 fixed assets consisting of trucks, cranes and office equipment. They accounted for all of these fixed assets in Excel, which worked great for such a small portfolio. As Acme Construction grew and added new assets to their portfolio, accounting and tracking these assets became more and more complex. Acme Construction couldn't keep up with their asset portfolio. Tasks kept piling up and they were drowning in all the work they needed to do. The final straw was when Acme's end of year audit revealed multiple errors. They knew they needed a better solution. Introducing Net Asset by NetGain let's take a look at how NetAsset Asset transformed Acme Company's workflow. With NetAsset's sleek new design, Acme Company was able to use the AI transaction upload feature where the AI can pull out transaction line items and store them within the software. Acme Co. Was able to construct and build up their assets using these transactions. And the best part of this is they were all in one centralized portfolio without having to use Excel. Acme Construction was able to evaluate the useful life of their assets, automatically generate the depreciation schedules for their assets, see each of their assets in the Asset Balance Roll Forward report and easily notice what happened in each of their assets lives. And when some of their machinery came to the end of their life, Acme Company was able to easily dispose of those assets and posting journal entries. Easy. With Net Asset, a customer can download their journal entries and upload them directly to any accounting software. For Acme Construction even easier, our integration with QuickBooks allowed them to directly post their journal entries from NetAsset to QuickBooks. When Acme's annual audit came around, they were able to breeze through the process. Their auditors were grateful for the many reports and audit trails provided by Net Asset. Now Acme Construction can focus on what they do best growing a business and doing so without the stress of managing their fixed assets. Now Acme Co. Sleeps well at night. Knowing that they are well organized and taken care of is your current fixed asset management solution. Reaching the end of its useful life. If so, sign up for net Asset for free and experience the ease of fixed asset management firsthand. Want a deeper dive? Contact us today and schedule your own demo.
