Creating Fixed Asset Master information with ID Generation, Accounting details & opening Balance etc.
Grouping Fixed Assets records under multiple Blocks.
Locations to Track Fixed Assets place.
User can define multiple depreciation methods based on requirement.
Capturing Asset Purchase details, Useful life and Assets Salvage Value & document etc.
Allocate Fixed Assets to Employees of organization and maintain register for all custodians of Assets.
WIP & Cost Management
Account Additional Expenses incurred during the Fixed Assets purchase and Installation using Work in Progress (WIP) Concept and Get Total Asset Value.
Components of Assets
Convert single Fixed Asset as Sub Assets nothing but a Component, which are having multiple Useful lifes and different Depreciation Rates.
Cost Centre wise Depreciation
Track Depreciation of Assets using expenses/income account.
Disposal of Assets
Automatic Calculation of profit/ loss on disposal of Assets. (Assets wise / Component wise).
Transfer of Assets
Capturing the relocation history of the Assets for Location, Cost Center, Custodian etc.
Impairment of Assets
This method will be used to bring Assets Value to Market Value, that means before disposal/Sale keeping the Assets Nett Value as recoverable amount.
Sale Of Assets
Record Sales of Fixed Assets with Buyer Details and Nett Profit/Loss of that Asset.
Auto Depreciation Scheduling
Automates the whole process without any human intervention.
Put to use Date for Assets
Assign Actual Start Date for Fixed Assets to Calculate Depreciation of Assets using that put Use Date..
Fixed Assets Register
Fixed Assets Register in Tally will help you to know complete information about Assets from Category, Purchase, custodian, Useful life of asset, Depreciation, holding department and Sales information using single report.