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