Asset Insurance Details and Maintains Service Register.
Multi Currency Support.
Asset Splitting and Asset Partial Sales.
Asset value details.
Keeps track of Asset warranty/AMC
Asset Purchase WIP.
Depreciation Computation as per Companies Act,Income Tax Act, Section 350
Asset Opening Stock
Provisions to enter Asset Opening Balance with depreciation details
In this screen user can enter the existing asset details like purchase date, Purchase value,
accumulated depreciation for the asset and depreciation nature.
• In this screen user can enter the details of asset purchased during the current financial year. The purchase date, Purchase value, depreciation nature, Currency and currency rate are captured in this screen.
In Asset sale screen user can enter the data of sale, sale value. The depreciation will be computed up to the sale date.
Asset Partial Sales
This functionality is used sell a part of the asset. The depreciation will be calculated for the full vale until the partial sale date and after that the depreciation will be computed on a reduced value of the asset
In the asset split screen we can split the asset in to two assets. This functionality is required when we want to sell a part of the item.
Asset value addtion
This functionality is used add an item to an existing asset. The new item value will be added to the original asset. The depreciation will be computed based on the new value from date value addition.
Asset Purchase WIP
Asset can purchased and keep as work in progress asset. One the asset is put to use, the item can be converted as an asset and the depreciation will be calculated from the date of conversion.