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FinanceVehicle Asset Management

Field Reference

Complete reference of all fields in the Vehicle Asset Management module.

This page provides a comprehensive reference for every field in the Vehicle Asset Management module, organized by section. Use it to look up what a specific field means, what values it accepts, and see examples.

Basic Information

These fields identify the vehicle and the asset record itself.

FieldTypeDescriptionExample
BrandTextThe manufacturer of the vehicleToyota
ModelTextThe specific model nameHilux
YearNumberThe manufacturing year of the vehicle2023
Plate NumberTextThe vehicle's license plate numberA 12345
VIN / ChassisTextThe Vehicle Identification Number (chassis number)JTFHX02P100012345
StatusEnumThe current operational status of the assetACTIVE
Date AddedDateWhen the asset record was created in the system2024-01-15
Last UpdatedDateWhen the asset record was last modified2024-06-20

Purchase Details

These fields capture the financial details of the vehicle purchase.

FieldTypeDescriptionExample
Purchase Value (excl. VAT)Number (AED)The amount paid for the vehicle before tax. This is a required field100,000
VAT PercentageNumber (%)The VAT rate applied to the purchase. Default is 5%5
VAT AmountNumber (AED)Automatically calculated: Purchase Value x VAT Percentage5,000
Total Purchase CostNumber (AED)Automatically calculated: Purchase Value + VAT Amount105,000
Dealer CompanyTextName of the dealership or seller. OptionalAl Futtaim Motors
Purchase DateDateThe date the vehicle was purchased. Optional2023-11-01
Funding SourceEnumHow the vehicle purchase was financedCASH

Funding Source Options

ValueDescription
CASHVehicle was purchased outright with available funds. This is the default
BANK_LOANVehicle was financed through a bank loan
LEASEVehicle is leased from a leasing company
OTHERAny other financing arrangement

Depreciation

These fields control how the vehicle's value decreases over time. Calculated fields are derived automatically from the configuration.

FieldTypeDescriptionExample
Depreciation MethodEnumThe calculation method used for depreciationSTRAIGHT_LINE
Useful Life (Years)NumberExpected number of years the vehicle will be in service. Default is 55
Residual ValueNumber (AED)Estimated value at the end of useful life. Default is 010,000
Annual DepreciationNumber (AED)Calculated yearly depreciation amount18,000
Monthly DepreciationNumber (AED)Calculated monthly depreciation amount1,500
Daily DepreciationNumber (AED)Calculated daily depreciation amount49.32

Depreciation Method Options

ValueDescription
STRAIGHT_LINEEqual depreciation each year. Default method. See Understanding Depreciation
DECLINING_BALANCEHigher depreciation in early years, lower in later years
NONENo depreciation is calculated

Annual, Monthly, and Daily Depreciation are read-only fields calculated automatically from the method, purchase cost, residual value, and useful life. They update whenever you change the depreciation configuration.


Revenue Settings

FieldTypeDescriptionExample
Commission RateNumber (%)The percentage of vehicle revenue shared with drivers. Default is 20%20

For example, at a 20% commission rate, if the vehicle earns AED 10,000 in a month, AED 2,000 is allocated as driver commission.


Documents

Optional file attachments related to the vehicle asset.

FieldTypeDescriptionExample
Purchase InvoiceFileA copy of the purchase invoice or receiptinvoice_hilux_2023.pdf
Purchase Invoice NameTextDisplay name for the purchase invoice filePurchase Invoice - Toyota Hilux
Registration DocumentsFileVehicle registration certificate or ownership documentsreg_A12345.pdf
Registration Docs NameTextDisplay name for the registration documents fileRegistration - A 12345

Growth Metrics (Read-Only)

These fields appear in the expanded row view and detail page. They are calculated automatically from revenue and expense data.

FieldTypeDescriptionExample
Total RevenueNumber (AED)All revenue generated by this vehicle250,000
Net Profit (Lifetime)Number (AED)Revenue minus all costs over the vehicle's lifetime85,000
Net Profit (Monthly)Number (AED)Average monthly net profit3,541
Total ROI EarningsNumber (AED)Earnings attributed to ROI calculation85,000
ROI PercentageNumber (%)Return on investment relative to purchase cost80.95

Cost Metrics (Read-Only)

FieldTypeDescriptionExample
Total ExpensesNumber (AED)All expenses charged to this vehicle45,000
Monthly ExpensesNumber (AED)Average monthly expenses1,875
Total FinesNumber (AED)All fines associated with drivers of this vehicle2,500

Driver Stats (Read-Only)

Per-driver financial breakdown. One entry per driver who has operated this vehicle.

FieldTypeDescriptionExample
Driver NameTextFull name of the driverAhmed Al Rashid
LabelTextThe driver's role or assignment labelPrimary Driver
RevenueNumber (AED)Revenue generated by this driver on this vehicle120,000
CommissionNumber (AED)Commission earned by this driver24,000
ExpenseNumber (AED)Expenses incurred by this driver15,000
FineNumber (AED)Fines associated with this driver500

Maintenance Data (Read-Only)

FieldTypeDescriptionExample
Total Maintenance CostNumber (AED)Sum of all maintenance expenses12,000
Service Period (km)NumberRecommended service interval in kilometers10,000
First Service DateDateWhen the first maintenance was performed2024-02-15

Last Maintenance Record

FieldTypeDescriptionExample
DateDateWhen the maintenance was performed2024-11-10
StatusTextCurrent status of the maintenance recordCompleted
PriorityTextPriority level of the maintenanceMedium
CostNumber (AED)Cost of the maintenance3,200
IssueTextDescription of the maintenance issueBrake pad replacement

Asset Data Summary (Read-Only)

FieldTypeDescriptionExample
Purchase PriceNumber (AED)Original total purchase cost105,000
DepreciationNumber (AED)Current accumulated depreciation amount36,000
Depreciation YearsNumberConfigured useful life5
Commission RateNumber (%)Revenue share percentage with drivers20
Profit StatusEnumOverall financial standing of the vehiclePROFIT

Profit Status Options

ValueDescription
PROFITRevenue exceeds all costs including depreciation. The vehicle is a net positive
LOSSTotal costs exceed revenue. The vehicle is costing more than it earns
BREAK_EVENRevenue and costs are roughly equal

Status Options

ValueDescription
ACTIVEVehicle is in service and generating revenue. Default for new assets
INACTIVEVehicle is temporarily out of service
SOLDVehicle has been sold. Terminal status
WRITTEN_OFFVehicle is a total loss. Terminal status

For more details on statuses and transitions, see Status Workflow.