With AssetExpert you can perform complex depreciation calculations quickly and simply,
and generate accurate, comprehensive reports. AssetExpert is comprehensive browser
based Software which can meet almost all asset-centric requirements. AssetExpert
encapsulates the complete Fixed Asset Lifecycle Management typically required by
today’s Accountants and Asset Administrators.
AssetExpert has a full security model, allowing administrators to enable or restrict
users from performing specific functions. Permissions are assigned by user, and
include add/edit/delete controls etc. In addition, administrators can define which
locations are visible to each user.
Fixed assets affect myriad aspects of financial planning, reporting, and control.
Many discrete, complicated, and time-dependent tasks comprise fixed asset management,
and the slightest errors can have drastic effects. Automating these tasks in a way
that saves time and money (without sacrificing accuracy or control) is a critical
need for growing businesses. And that's what AssetExpert delivers. With AssetExpert,
you'll have complete control over the entire fixed asset lifecycle -- from acquisition
AssetExpert’s streamlined approach will save you hours and put you in control of
your fixed assets.
Most commonly used depreciation methods like SLM, WDV etc are inbuilt in to the
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.
Block wise classification
of Assets for Income Tax Purpose:
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.
Details of the
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
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.
& Physical Verification
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
Sale / Discard:
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.
Various reports are available which are required statutorily & MIS as per the list
- Acquisitions with Voucher details
- AMC / Insurance
- Physical Verification
- Market Valuation
- Sales & Discard
- Fixed Asset Register
- Fixed Asset Schedules as per the book
- Group by Asset Type, Asset User, Category, Cost Centre, Custodian,
Department, Inward Type, location & ownership type.
- Fixed Asset Schedule as per Income Tax
- Fixed Asset Schedule as per ITR 6
- Form 3CD Extract
- Depreciation Calculation Report
- Depreciation Calculation Report - Income Tax Act
- Depreciation Comparison Report
- AMC / Insurance / Warranty Expiry Report
- All reports are available in PDF Format
WarrantyMulti-user / Multi Company / Multi Location with location wise rights manager
& complete audit trail of each user.
Complete Web based software
based on ASP.net
technology using IIS & MySQL as Backend. Software can be hosted at one place and
can be operated across the locations.