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Overview
Financial and Fixed Asset Management System for Optimizing
and Tracking Performance.
Features
- Capable of calculating depreciation based on more than
one statutory act, customizable for any country. (For example
based on the Companies Act and the Income Tax Act in India)
- Generates the Written Down Value of any asset as on any
given date or period
- A drill down feature to track the transaction of an asset
right from the asset classification-wise report, to audit
when a particular asset was sold / disposed or when a value
addition was done
- Integrated Interface with Financial Accounting Module
to post entries of sales, write-offs, revaluation, value
addition of Fixed Assets
Benefits
- Monitors complete history of an Asset right from the
time of purchase till it is sold / written-off
- Can be customized as per any Country's statutory requirements
and comes equipped as per the Companies Act / Income Tax
Act of India
- Automatic calculation of Depreciation on basis of set
Depreciation Rates
- Calculates depreciation as per different standard depreciation
methods (i.e. Written Down Value Method, Straight Line Method
etc.)
- Records Sales, Write-Offs, Revaluation & Value Additions
of Fixed Assets
- Tracks Location and Custody of Fixed Assets across different
Organisations
- Automatically posts depreciation, write-off, revaluation
and value addition entries to Finance Module through the
Financial Interface
- Generates Reports like Asset List, Depreciation Schedule,
Value Addition / Written Off Report and Depreciation Statement
etc.
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