![Page 1: By Nagaraj Reddy TM Fixed Asset Management System A software solution for People who wants to Manage their Asset efficiently](https://reader037.vdocument.in/reader037/viewer/2022110206/56649ce55503460f949b295e/html5/thumbnails/1.jpg)
By
Nagaraj Reddy
TM
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Fixed Asset Management System
A software solution for People who wants to Manage their Asset efficiently.
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1st step is to set Company profile
To begin with, it is required to provide some basic information on the Company/Establishment and its policy on Depreciation Analysis. For this, select the Setup submenu under the System Menu and select Company Profile Screen.
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Press F1 Key for Field Entry Help
Click Save button to save Company Profile
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Assets are classified into different categories.Standard categories are included in the package.Select the categories by name and verify them. Rates of depreciation as per Companies Act and Income Tax Act are determined by category of Assets. If required, modify the entries or drop unwanted Categories
2nd step is to classify Asset into different category with respect to
depreciation methods and schedules
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Click Save button to save
Category details
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3rd Step is to classify physical
Asset location.
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On acquiring an Asset the
details of the Asset is entered
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Click New Entry To add new AssetDetails include Item name with
brief specification, Source of supply, Mode of supply, unique Asset code, Quantity, Asset value, Procurement date, Warranty period, Life expectancy, Asset location, Custodian name, etc.
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Click Save Button to save Asset Details
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For items that are insured,
relevant details are entered periodically.
After entering Insurance details, Click Save button
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To view the list of
insurable items due for
review.
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For items that are taxable like vehicles, relevant details are entered periodically.
Click New Entry to add new asset
that is taxable
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To view the list of taxable
items due for renewal.
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Preventive Maintenance
Call Details of Equipments are
Captured
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Screen Showing the Latest Maintenance Contract Details
Click Save to save contract
details
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To view annual maintenance
contract renewal report
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To enter or edit repair
information of Assets
Click Save Button to save repair details
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To enter or edit Asset upgrading details
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To view upgrading
detail report
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When an Asset is moved from one
location to another, the new location data is captured
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Enter the from date & to date to to get Asset
movement details and Click OK
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To view history card of Assets
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Use this screen for view of particulars of an Asset. History card provides information like Procurement details, Maintenance History, Upgradation details, Relocation History, Insurance History and Depreciation details.
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History of depreciation details
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History of Up-gradation details
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Calculate depreciation and Update provisionally the value into
corresponding Asset. Depreciation analysis can be carried out as per
Companies Act or Income Tax Act. The Depreciation calculation method and
style will be as specified for each category
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To view depreciation
statement
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Click ‘Continue’ If depreciation statement is verified
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To view detailed information of current financial year depreciation of
Asset and category wise. Information like Asset name, Asset depreciation amount for the current financial year, percentage of depreciation, method of depreciation for the Asset. Face
value of Asset, Book Value of Asset, New Value of Asset and Asset
Procurement date.
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To view list of Asset procured in
last financial period
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Click here to write Scrap
notes
Click Save button to save scrap notes
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Click Scrap button to scrap the Asset
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To view list of Scraped item
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Click here to write
Disposal notes
Click Save to save the
disposal details
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Click print button to get dispose
statement
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Select Category Name
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To take Fixed Asset register
report
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