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Product Overview

Product Overview. Introduction Security Accounting Years Categorization Depreciation Rates Asset Acquisition Sale/ Transfer Depreciation Cal Retrospective Changes Income-tax Cal Standard Reports. Introduction. Runs on Windows 95/98/NT/XP/2000

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Product Overview

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  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

  3. Accounting Years Accounting year as per Books of Accounts can be defined Accounting year as per Income-tax Act can also be defined Company’s Accounting year Statutory Accounting year Apr to March Jan to Dec

  4. Asset Categorization Category Level I Main Location Category Level II Sub Location Category Level III Physical Location Fixed Asset Department Cost Centre User

  5. 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

  6. 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

  7. 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

  8. 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

  9. Reporting 31 Useful Standard Reports Several Filters View Complete History of Assets on Screen Export Viewed Txns. To MS Excel

  10. 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

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