Platform & Trust

Veona Assets

A fixed-asset register that capitalizes equipment, depreciates it on a schedule that posts to your ledger, and tracks the maintenance, calibration, and service contracts that keep it running.

Capitalizefrom a purchase invoice
Depreciationscheduled, posts to GL
Calibrationand AMC tracked
Biomedicalequipment lifecycle
One registerfor every asset
Depreciationposted monthly to GL
Calibrationand maintenance due
AMCcontracts tracked
What it does

Every analyzer, bed, and vehicle on one register.

Veona Assets is a fixed-asset register tied into the rest of Veona. An item bought through procurement is capitalized as an asset, depreciated on a schedule whose monthly entries post into Veona Finance, and serviced against maintenance, calibration, and annual maintenance contract records. For biomedical equipment it links to the device's record in Veona Connect, so the analyzer on the bench and the asset on the balance sheet are the same thing.

A fixed-asset register with capitalization

Record every fixed asset with its category, location, custodian, and value, and capitalize equipment straight from the purchase invoice that bought it. Each asset links to its underlying record, so the analyzer on the bench, the bed on the ward, and the line on the balance sheet are one and the same.

Asset register with category and location
Capitalize from a purchase invoice
Custodian and department
Linked to the device or facility record
Assets / RegisterFixed-asset registerHematology AnalyzerNGN 6,800,000Ultrasound ScannerNGN 9,200,000Ambulance · Type BNGN 18,500,000CAPITALIZED FROMPI-1184 · DCL Laboratory ProductsCustodian · LaboratoryLinked to Connect device

Scheduled depreciation, posted to the ledger

Set the useful life and method for each asset and Veona builds the depreciation schedule. A monthly run posts the depreciation entry into Veona Finance, debiting depreciation expense and crediting accumulated depreciation, so net book value on the balance sheet is always current without a manual journal.

Useful life and method per asset
Built depreciation schedule
Monthly run posts to the GL
Net book value always current
Assets / DepreciationDepreciation · net book valueMONTHLY POSTINGDr Depreciation expense113,333Cr Accumulated depreciation113,333Net book value → NGN 4,120,000

Maintenance, calibration, and AMC

Keep equipment safe and compliant. Schedule preventive maintenance and calibration, log service visits, and track annual maintenance contracts with their coverage and expiry, so a calibration coming due or a contract about to lapse is surfaced before it becomes a problem on the bench.

Preventive maintenance schedules
Calibration due tracking
Service and repair log
Annual maintenance contracts
Assets / MaintenanceMaintenance & calibrationCalibration due · Hematology Analyzer12 JulPreventive service · Ultrasound28 AugANNUAL MAINTENANCE CONTRACTVendor · BioMed Services LtdCoverage · parts and labourExpires · 31 Dec 2026Active
Capabilities

The whole asset lifecycle.

Asset register

Every fixed asset with category, location, and custodian.

Capitalization

Capitalize equipment straight from a purchase invoice.

Depreciation

Scheduled, with monthly entries posted to the ledger.

Net book value

Always current on the balance sheet.

Maintenance

Preventive schedules and a service log.

Calibration

Due dates tracked for biomedical equipment.

AMC contracts

Coverage and expiry tracked with reminders.

Connect link

Biomedical assets tied to their device record.

Disposal

Retire or dispose, with the gain or loss posted.

How it works

From purchase to disposal.

Capitalize

An item bought through procurement is recorded as a fixed asset.

Depreciate

A schedule posts the monthly depreciation entry into Finance.

Maintain

Service, calibration, and AMC keep the asset compliant.

Dispose

Retire the asset at end of life with the gain or loss posted.

Works with

Connected to the rest of Veona.

Questions

What buyers ask about Veona Assets.

How does an asset get onto the register?

Equipment bought through Veona Procurement can be capitalized straight from its purchase invoice, so the asset on the register and the spend in the ledger reconcile, and biomedical assets link to their device record in Veona Connect.

Does depreciation post automatically?

Yes. Each asset has a depreciation schedule, and a monthly run posts the entry into Veona Finance, debiting depreciation expense and crediting accumulated depreciation, so net book value stays current without a manual journal.

Can it track calibration and service contracts?

Yes. Veona Assets tracks preventive maintenance, calibration due dates, the service log, and annual maintenance contracts with their coverage and expiry, surfacing what is coming due before it becomes a problem.

Is this the same as the device list in Connect?

They are linked. Veona Connect manages the live device and its telemetry, while Veona Assets manages the same item as a financial asset, so the analyzer on the bench and the line on the balance sheet are one record.

See Veona Assets in action.

A walkthrough of capitalization, depreciation, and maintenance, all on one set of books.