Fixed Assets Management

FAMS-Physical-Assets-Verification-and-Digitization-Services

Asset Expert is a proven world class software to record, manage, comply and dispose the fixed assets of all types of organizations.

Organizations invest huge money in fixed assets, but recording, tracking, managing and disposing the fixed assets is a tedious task. Organizations have a statutory obligation for compliance with Income Tax and Companies Act to report the details about their assets with proper depreciation calculations.

Asset Expert addresses all the problems of managing fixed assets, it covers all the aspects right from asset addition, management, tracking, categorization, physical verification, depreciation calculation, compliance management, AMC, Insurance, asset retirement, asset disposal etc.

Asset Expert: Features & Benefits

  • Web Based System / Role based Security.
  • Manage Unlimited Fixed Assets.
  • Asset Block & Category wise classification.
  • Head Component, Independent & Dependent Component.
  • Location, Department, Cost Centre Arrangement./li>
  • Asset Owned or Leased.
  • AMC, Insurance, Market Valuation, Physical verification.
  • Advance Reminder about Expiring Warranty, Insurance, AMC etc.
  • Sale, Discard, Splitting & Relocation.
  • Shift wise usage details.
  • Asset Card, Asset History, Asset Labels
  • Print Barcodes for each asset.
  • Manage WIP Asset.
  • Cost Breakup of Asset Component.
  • Income Tax & Accounting Book with two additional books.
  • SLM, WDV methods inbuilt.
  • Adjustment in Asset Value, Depreciation.
  • Impairment of Asset.
  • Depreciation accounting for year & any period between the years.
  • Change in method/rate from retrospective effect.
  • Separate depreciation treatment for leased assets.
  • Fixed Asset Register Summary, Detail, and Group wise.
  • Fixed Asset Schedule as per Company Act, Income Tax Act.
  • Fixed Asset Schedule as per ITR6, Form 3CD Extract.
  • Shift wise Depreciation detail.
  • Report giving Depreciation attributable to each Location.
  • Detail of Depreciation Calculation & Comparison between two periods.
  • Various MIS Reports.