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Fixed Assets, Budgets & Cost Centers

Beyond the core ledgers, Finance also manages your long-lived assets, spending plans and the way costs are attributed across the business.

Fixed asset register

Fixed assets​

The asset register holds every capitalised item — machinery, vehicles, computers — with its cost, purchase date and depreciation method.

  1. Go to Finance → Fixed Assets → + New Asset.
  2. Enter the cost, in-service date and depreciation method and rate.
  3. Save — Raya builds the depreciation schedule.

Each period, depreciation posts automatically as a Journal voucher, so the asset's book value and your expenses stay current without manual entries.

Budgets​

Set a budget for an account, cost center or period, then track actual vs budget as vouchers post. Variances highlight where spending is running ahead of or behind plan.

Cost centers​

Cost centers let you tag postings to a project, department or branch. Add the cost center on a voucher line and the figure rolls up in cost-center reports — so you can see profitability per project, not just for the company as a whole.

:::tip Combine them Budget by cost center to compare each department's planned and actual spend side by side. :::

Expense claims​

Employee reimbursements are captured as expense claims; once approved they post to the relevant expense ledger (and cost center, if set) as a Payment or Journal voucher.