ASSET DEPRECIATION SOFTWARE

MACO INFOTECH LTD

What is Asset Management?

• Maintaining a desired level of service at the lowest life cycle cost.

• Calculate Asset Depreciation as per new Rule(1st April 2014)

Why do we need asset Depreciation Application?

• To Quickly Calculate Asset Depreciation Value as per New Rule(1st April 2014)

• Quick 4 Steps to use this Application Create Company

Create Category

Enter Asset Details

Calculate Deprecation

• Get Depreciation Reports

Flow of the Application Login http://dep.macomal.com/userlogin.aspx

Enter User Name & Password Submit

Startup

Create New Company Select Existing Company Proceed

Create Company

Enter Organization Name Enter Address(Optional) Save Home : Startup

Dashboard

Click on Category to create Asset block

Create Category **For Depreciable Asset only

Enter value in following fields 1. Category Code (Any Value) 5. Old IT Act Rate (I T Act) 2. Description 6. New IT Act Rate (I T Act) 3. Old C Act Rate (Companies Act) 7. New Rate Effective Date 4. New C Act Rate(Companies Act)

Select Method: WDV/ SLM Save

Asset Creation

DEPRECIATION PROCESS-1 Normal Process of Maintaining Asset and Calculate Depreciation from date of

purchase/ put to use 1. Create New Asset 2. Select Category 3. Enter Purchase Date/Use Date 4. Give Original Purchase Cost/Gross Value 5. Adjustable Cost to alter purchase cost for other expenses.

Asset Creation DEPRECIATION PROCESS-2

A. One Minute Solution for Depreciation Calculation, Where Old Record from Date of Purchase is not Maintained.

1. Create Block Wise Asset. 2. Select Category 3. Enter Purchase Date/Use Date as 04/01/2013 4. Give Original Purchase Cost/Gross Value as on 31/03/2013 5. Accumulated Depreciation as on 31/03/2013 B. For New Asset Purchased After 31/03/2013 follow Process-1.

Upload Excel (Asset Details)

Click on Upload Excel to Upload Bulk Asset Details. Download Excel Format Follow the Guide Line to Upload Asset

Search & Modify Asset

Select Asset Corresponding details will come Modify Asset Save

Depreciation Calculation

Select Financial Year and Proceed (For all Assets Depreciation) Enter Description(Optional) and Proceed - (For Selected Asset Depreciation) Filter by Category/Asset ID (Optional) and Proceed for Selected Category Depreciation.

Depreciation Reversal

Click on reverse option to undo Depreciation If Depreciation is to be reversed then start from top to the year of choice.

SALES/DISPOSAL

Enter Asset ID & Description Original Sale/Disposal Cost Sale/Disposal Proceeds Amount Sale Date Save

Report Alter Deprecation ** If need be depreciation in particular asset can be altered

Select Asset ID Get Asset depreciation chart Alter depreciation value to adjust net value Update

Asset Register

Filter by Category (Optional) Get Asset Register Get Excel

Report

Depreciation Report schedule II(Companies Act) 1. 1st Page is according to schedule 2 Performa for fixed Asset. 2. Page 2 is for detail and Reconciliation for current year depreciation. 3. 100% Depreciation shows for assets having WDV more then salvage value but 0 age of asset as per new rule. 4. Transfer to Reserve amount shows to bring the WDV equal to salvage value for asset having WDV less then salvage Value as on 31/03/2014.

Select Financial Year View Chart Print report

Fixed asset schedule (IT Act)

Select Financial Year View Chart Print Report

Maco Infotech Ltd

Thank You

Corporate Office First Floor, Bungalow plot 2, West Patel Nagar Contact- Chetna Bhatia

New Delhi-110008 +91-9310039250 011- 45615523 011- 32713808