PROCUREMENT    STPI,SEZ & CT3    TRACKING    DEPRECIATION    CMMS   NETWORK INVENTORY    SPACE MANAGEMENT

4.Depreciation Module

Overview:

Depreciation module allows the user to configure all the parameters pertaining to different acts as per IFRS, GAAP  as well as user defined GAAP. Once configured, it simplifies the process of calculating depreciation for all assets, with a single click of a button. With the help of flexible filtering of parameters, the user can pull out any combination of report on demand. Now you can forget about spending nights doing reconciliation of several spread sheets, during the annual return filing.

Features:

• Provision to configure asset groups.

• Provision to configure Indian & Parent Company financial year.

• Dynamic configuration of depreciation rates for IT act and Company act and life of the asset for user defined GAAP

• Addition/deletion of an asset

• Sell off of an asset

• Write off of an asset

• Scrapping of an asset

• Profit and loss for assets sold

• Freezeing/Unfreezing of depreciation processed for an month/year

• Provision to select Capitalization/non capitalization of asset/accessory

• Leasehold improvement module

• Provision to add additional costs like duties, insurance charges & additional charges