Product Overview Introduction Security Accounting Years Categorization Depreciation Rates Asset...
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Product Overview Introduction Security Accounting Years Categorization Depreciation Rates Asset Acquisition Sale/ Transfer Depreciation Cal Retrospective Changes Income-tax Cal Standard Reports
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Transcript of Product Overview Introduction Security Accounting Years Categorization Depreciation Rates Asset...
Product OverviewIntroduction
Security
Accounting Years
Categorization
Depreciation Rates
Asset Acquisition
Sale/ Transfer
Depreciation Cal
Retrospective Changes
Income-tax Cal
Standard Reports
IntroductionRuns on Windows 95/98/NT/XP/2000
MS Access for Single User and MS SQL Server for Multi User
Fast Implementation by importing current asset data from MS Excel
Export all reports to MS Excel
Accounting YearsAccounting year as per Books of Accounts can be defined
Accounting year as per Income-tax Act can also be defined
Jan to Dec Apr to March
Company’s Accounting year Statutory Accounting year
Asset Categorization
Category Level I
Fixed Asset
Category Level II
Category Level III
Main Location
Sub Location
Physical Location
Department Cost Centre User
Asset Acquisition
Fixed Asset
Categorization
Identification
Cost / Qty
Accounting
UDF
Category/ Location/Department/User/ Cost Center
Auto/Manual Asset ID/ Physical Tag
Cost / Cost Break-up / Modvat/ Foreign Cur
Voucher / PO / Vendor Details
5 Text 5 Date Fields
Copy / Paste Import from Excel
Other Transactions
Fixed Asset
Sale / Discard
Transfers
Split
Verification
AMC
Auto calculation of Gain / loss
Transfer In / Out * Department * Location
Two levels of Splits
Update Physical Verification Data
Update AMC Renewals
Depreciation - Books
Depreciation Calculation / Posting
Rates
Max Write Off
100 Write Off
Period
Manual Editing
User Defined Rates/Method for each category / Year
Can be defined for any category e.g. 95%
Cost threshold for 100 % write off eg. 5000
Can be calculated Monthly/ Yearly etc
Calculated Dep. can be edited manually
Depreciation – I Tax
Depreciation Calculation / Posting
Rates
Op WDV
Classification
Form 3CD
Schedule
User Defined Rates for each Block / Year
Start from any A.Y by entering Op WDV
Less than / More than 180 Days Report
Dep. Report required for Tax Audit Purpose
Dep. Schedule as per I Tax
Reporting
31 Useful Standard Reports
Several Filters
View Complete History of Assets on Screen
Export Viewed Txns. To MS Excel
Depreciation- Retrospective Changes
Category
Rate
Method
History
Change from one Category to another
Retrospective Rate Change
Retrospective Method Change
In spite of changes ,historical data available
