Assetage - a Software for
Fixed Assets & Depreciation Accounting for India

Assetage

Faced with a growing business, expanding assets, demanding auditors, and an increasing pile of paperwork ? Keep track of your assets and Meet the demanding accounting standards efficiently and accurately. Assetage - the comprehensive and cost-effective Fixed Assets Accounting & Management Software (FAMS) for India.

Designed for the Indian business- whether a small company or a huge enterprise spread over various locations and sites, Assetage is a one-stop fixed assets & depreciation accounting & management solution (FAMS).

Take a closer look at India's most comprehensive Fixed Asset Management Software (FAMS) now available at a very affordable price or download a trial version

For support see links at end of this page

Assetage - details

Assetage organizes fixed assets accounting in comprehensive formats, performs complex depreciation calculations quickly and easily, and offers powerful reports for financial and tax reporting of fixed assets.

Assetage maintains records that are compliant to the accounting and auditing requirements of:
• The Companies Act
• The Income Tax Act
• CARO 2003
• ICAI Accounting Standards and Guidance Notes

Assetage gives you complete control over your fixed assets
• Manage entire Fixed Asset lifecycles from purchase to disposal, additions, improvement and repairs throughout the year. Maintain quantitative and location information.
• Effortlessly keep track of valuable information of your assets such as description, identification, vendor information, model, warranty expiry, insurance renewal details, licenses and other important documents.
• Link up to your accounts by keeping a reference to accounts vouchers, purchase and sales documents and scrap records. Enter information as they occur in time - in parts to correlate to your accounts.
• Automatically calculate depreciation over the years in confirmity to all the statutory rules, (see the next box...)
• Profit & Loss on sale of Assets are derived automatically.
• Instantly prepare effective reports for tax, accounting and internal purposes - with several reports to choose from and an ever-increasing list. All reports are compliant with requirements of Companies Act and the Income Tax act and other governing statutes.

Depreciation:
all the complex rules, calculations and variations are implemented accurately and effortlessly.
• Separate calculations for financial accounting & income tax i.e. (The Companies Act and The Income Tax Act).
• Flexible depreciation methods based on the Straight Line or Written Down Value formulae. Implement rates prescribed by the statutes or define your own rates.
• Define depreciation as a percentage of your original cost or as an absolute value. Override past calculations for reconciliation to your past records.
• Define depreciations correctly on additions to write off over remaining life.
• Allocate depreciation values correctly to assets under partial disposal
• Implement all rules automatically ( Depreciate in full assets less than Rs.5000/= in value, Depreciate upto 95% etc.)
• Provide Extra Shift, Multiple Shifts and Seasonal depreciation for parts of the years also.
• Determine variations and impact by applying different rates.

Revaluation (optional):
A complete parallel system to meet all the requirements
Separate records for:


• additions due to revaluation.
• Depreciation on revaluation amounts.
• Profit & Loss amounts on revaluation amounts.
• Relevant statements as required by the statutes.

• For our Enterprise Customers we offer several optional advanced features:
  • Multi-user version with full security
  • Physical Verification and Audit Worksheets and Records
  • Bar-coding & Images of assets with records
  • Budgeting and reconciliation
  • For purchases in Foriegn Currency - valuation at current rates
  • Calculations Principal / Interest of Leased assets

Fixed Assets Accounting has never been simpler and Management and Audit as effective
• Create an unlimited number of fixed asset records for an unlimited number of companies.
• Assets can be classified into separate categories and groups as per the Income Tax and Company Acts.
• Complete records of location-wise fixed assets with records of movement
• For companies having multiple concurrent financial accounting periods, parallel sets of records for each accounting period are maintained.
• Define your own codes for each field in the software for your reference and power usage.
• Tailor information to your needs
  • View information on the screen in lists that can be sorted / filtered in any manner you require.
  • Access and ever-growing series of specialised reports.
  • Select reports by company, asset group, period and a number of other options to get the information you need.
  • Generate reports to various outputs such as the screen, printer and popular file formats.

And yet, easy to use with cost saving features
• A step-by-step Wizard that guides you through the minefield of installing software on your computer.
• Intuitive graphical interface which requires no special training - jump in and take charge of your asset management hassles immediately
• Easy-to-access navigator that takes you where you want effortlessly. No hunting through obscure layers of menus.
• Save yourself from Repetitive Stress Syndrome - select information from lookup tables and drop-down selections, which provide quick reference and cut down typing drastically.
• Runs on all versions of Microsoft Windows - version 98 and above - the worlds most ubiquitous operating system.
• Comes with a complete on-line help system and a printed user manual to guide you through every step.

For more information:

Discuss your queries in the google newsgroup
(you can register using a gmail or any other email-id).
    or
Fill the contact form for details.