Spine Assets is very comprehensive, flexible and user-friendly Fixed Assets Management software to manage depreciation accounting keeping in view the requirements of India Companies Act, Income Tax Act as well as Management Act along with maintaining AMC, Warranty, Insurance and Service of the assets.
It is generally agreed that maintaining the data relating to assets, its locations, servicing and depreciation accounting has become very necessary in view of substantial amount of funds being employed in the Company's fixed assets and its maintenance. Increase in automation makes planning and monitoring of fixed assets for external and internal accounting purposes even more beneficial.
In addition to pure accounting and balance sheet preparation, there are extensive requirements for controlling and maintenance monitoring. Furthermore, one must be able to determine easily and precisely the even more complex requirements of asset and depreciation accounting both at Company’s books and Income Tax levels and also for different periods as well.