Product Overview

1
Product Overview
Introduction Security Accounting
Years Categorization Depreciation Rates Asset
Acquisition Sale/ Transfer Depreciation
Cal Retrospective Changes Income-tax Cal Standard
Reports
2
Introduction
Runs 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
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Accounting Years
Accounting year as per Books of Accounts can be
defined Accounting year as per Income-tax Act can
also be defined
Companys Accounting year
Statutory Accounting year
Apr to March
Jan to Dec
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Asset Categorization
Category Level I
Main Location
Category Level II
Sub Location
Category Level III
Physical Location
Fixed Asset
Department
Cost Centre
User
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Asset Acquisition
Categorization
Category/ Location/Department/User/ Cost Center
Identification
Auto/Manual Asset ID/ Physical Tag
Cost / Qty
Cost / Cost Break-up / Modvat/ Foreign Cur
Accounting
Voucher / PO / Vendor Details
UDF
5 Text 5 Date Fields
Fixed Asset
Import from Excel
Copy / Paste
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Other Transactions
Sale / Discard
Auto calculation of Gain / loss
Transfers
Transfer In / Out Department Location
Split
Two levels of Splits
Verification
Update Physical Verification Data
AMC
Update AMC Renewals
Fixed Asset
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Depreciation - Books
Rates
User Defined Rates/Method for each category /
Year
Max Write Off
Can be defined for any category e.g. 95
100 Write Off
Cost threshold for 100 write off eg. 5000
Period
Can be calculated Monthly/ Yearly etc
Manual Editing
Calculated Dep. can be edited manually
Depreciation Calculation / Posting
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Depreciation I Tax
Rates
User Defined Rates for each Block / Year
Op WDV
Start from any A.Y by entering Op WDV
Classification
Less than / More than 180 Days Report
Form 3CD
Dep. Report required for Tax Audit Purpose
Schedule
Dep. Schedule as per I Tax
Depreciation Calculation / Posting
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Reporting
31 Useful Standard Reports Several Filters
View Complete History of Assets on Screen Export
Viewed Txns. To MS Excel
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Depreciation- Retrospective Changes
Category
Change from one Category to another
Rate
Retrospective Rate Change
Method
Retrospective Method Change
History
In spite of changes ,historical data available