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Fixed assets register |
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Definition of fixed assets with details like quantity, cost, supplier
information, etc. |
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User definable groups for assets |
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Definition of asset type as per user requirements, i.e.; plant,
machinery, land, building etc |
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User definable depreciation percentage as per Company Law and
Income Tax-law based on utilization of assets |
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Tracking assets and determining the current value of assets |
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Calculation of depreciation using Straight Line Method or Written
Down Value method |
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Accumulated depreciation reflecting depreciation of an asset over
a period of time |
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Selling and scraping of assets |