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Fixed Assets Depreciation System
The Fixed Assets Depreciation (FAD) module is coupled with FAS and IMS. FAD tracks all asset items location wise and custodian wise. It maintains record of purchase price, warranties obtained from the supplier and history of asset mergers or demergers. FAD computes depreciation for accounting by two methods. The built-in methods are – the sinking fund method and the straight line method (in India these are recommended by statutory authorities – Income Tax and Registrar of Companies respectively). FAD can show the value of assets based on WDV or after revaluation. Upon disposing off assets or revaluing assets, the corresponding financial entries can be generated by FAD.
Core Benefits
- Fixed Assets Depreciation tracking system works together with Inventory Management and Financial Accounting Systems
- Support for depreciation calculations by both Income Tax and ROC standards
- WDV, assets merged/demerged (upgraded or downgraded) reporting
- Facility for rollback for change in original value of assets and easy recalculations
- Revaluing of Assets and generating transactions
- History Management reporting of assets
- Write-off facility for Assets based on parameters of asset’s value
- Rollback facility up to three years transaction
Product Category
Fixed Assets management, Finance management software, Written Down Value of assets, Valuation of Assets
Target Users
Any large or small company with large number of assets
Request for more information
To get more information for Fixed Assests & Depreciation please make an Enquiry or email on sd@sdindia.com.