AssetExpert

Most commonly used depreciation methods like SLM, WDV etc are inbuilt in to the systems

By default Income Tax Book & Accounting Book is provided in the software. If required additional two books can be created & managed. Accounting period of these books may be different for each other.

Assets are put in predefined income tax blocks for calculation of depreciation as per income tax act.

Assets can be categorized in user defined asset categories for books other than income tax act.

Assets can be arranged Location wise, department wise, cost centre wise, custodian wise for each asset.

General Details of Assets: Various Details of Assets like Asset Code, Asset Description, Asset type, Inward Type, Ownership type, Purchase Date, Cost, Cenvat, Forex Loss, Estimated Life, Physical No, Barcode details can be maintained.

Asset Depreciation rates along with accrued depreciation can be maintained yearly for each bookOther Details: Serial Number, Chassis Number, Document Date, Document No., Model No., Warranty Type, Color, Size, Shape, Brand name etc can be maintained. Asset images for each asset can be put for asset identification.

Unlimited voucher details can be entered for each asset for easy asset accounting. Voucher details include voucher information, P.O. Information, Bill details etc.Manufacturer & Supplier Details: Manufacturers and Suppliers details can be entered in the software at the time of acquisition.UDF: Unlimited User defined fields can be created for each asset.

AMC details like document no, document date, AMC from & to date, Service provider, AMC amount can be maintained for each asset.Insurance Details: Insurance details of each asset like Insurance provider, Insurance coverage, policy amount, premium etc. can be maintained.

Market Valuation & Physical Verification records can be put for each asset.Write-off Details: Write-off, adjustments if any can be accommodated.Shift details: shift wise & day wise usage details for each asset can be recorded for accurate calculation of depreciation.

Sale/Discard of Assets can be recorded and any profit or loss can be monitored.

Assets can be relocated based on various criteria like location, cost centre, custodian, and asset user.Asset

Asset can be splitted in to n parts. This process splits the cost of the asset and the accrued depreciation in given ratios.

Depreciation calculation for each book and for selected year can be accomplished with a click of a button. Depreciation calculation takes care of block system of assets & related rules and regulations while calculating depreciation for Income Tax Book. This process also calculates the depreciation in accordance with rules & rates specified by the user. Depreciation calculation builds the database of closing balances of the assets which are automatically recognized as the opening balance of the next year for respective books.