AssetExpert is a Fixed Asset Management Software designed
to Track & Manage Fixed Assets. This software will help
you in eliminate drudgery and cost of maintaining Fixed Assets.
It will help you in ensuring that all assets are properly
insured, are under AMC. It will help you in calculating correct
asset valuations and accurate depreciation deductions.
Using AssetExpert, you will have increased control over assets
and have access to reliable information for planning new fixed
assets. Required Information is efficiently available, giving
you unprecedented control of entire company’s fixed asset
inventory.
It is a comprehensive solution to you fixed asset management
needs, which stores asset information in one centralized database
and will allow access to this information to the authorized
user, anywhere.
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
to disposal.
AssetExpert’s streamlined approach will save you hours
and put you in control of your fixed assets.
Key Feature Details:
Depreciation
Methods: Most
commonly used depreciation methods like SLM, WDV etc
are inbuilt in to the systems Accounting
Books: 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.
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.
Asset
Category: Assets can be categorized in user defined
asset categories for books other than income tax act.
Arrangement
of Assets: Assets can be arranged Location wise,
department wise, cost centre wise, custodian wise for
each asset.
Details
of the Assets: 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.
Depreciation
Rates: 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.
Voucher
Details: 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: 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: 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: Sale/Discard of Assets can be recorded
and any profit or loss can be monitored.
Relocation:
Assets can be relocated based on various criteria like
location, cost centre, custodian, and asset user.Asset
Split:
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: 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.
Reports:
Various reports are available which are required statutorily
& MIS as per the list below:
-
Acquisitions
-
Acquisitions with Voucher details
-
AMC / Insurance
-
Physical Verification
-
Market Valuation
-
Write-off/Adjustments
-
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
Reminders:
-
AMC
-
Insurance
WarrantyMulti-user
/ Multi Company / Multi Location with location wise
rights manager & complete audit trail of each user.
Technological
Features:
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.
Depreciation
Methods: Most
commonly used depreciation methods like SLM, WDV etc
are inbuilt in to the systems