Fixed Assets Management System / Software ( India Mumbai )

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Spine Assets
(Fixed Assets Management Software )

Spine Assets is a very simple, flexible and user-friendly Fixed Assets Management software for asset and depreciation accounting keeping in view the requirements of India Companies Act and Indian Income Tax Act.

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.

"Increasing automation makes planning and monitoring of fixed assets for external and internal accounting purposes even more important. 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 books and tax levels and also for different periods."

Build Your Assets with Spine Assets Manager

Fixed Asset Schedule as per Companies Act , Income Tax Act & as per parent co abroad (MNC).

Different accounting years for books ( companies act ), income-tax and MNC years

Complete Asset records upto component level further broken into piece of cost

User define calculation method of Depreciation.

Allow different methods of depreciation viz. SLM, WDV, Expiry of Life of the asset.

Daily Shift marking for calculating shift-wise depreciation.

Taking care of forex loss and cenvat.

Grouping of Assets in terms of HEAD BOOKS GROUP -
     LOCATION ( Which can be sub divided into n number of level )
     COST CENTRE ( Which can be sub divided into n number of level )
     CUSTODIAN

User can manage relocating of any of the above group from any date to any date with available history of depreciation assigned to the respective group.

Statutory format of Fixed Asset Register .
Automatic calculation of Gain/loss as Per I.T. on disposal of assets
Valuation Report for Insurance etc
Reminders for AMC, Warranty and Insurance Expiry
Maintain Asset Groups, Asset name, Components and Income tax Block
Easy import of Data ( Which makes software to GO-LIVE very fast.)
Export of data for Tally
Additional Module for US-GAAP.
Complete management of AMC and Warranty Expiry and Servicing of assets.
Detailed Depreciation Calculation-asset wise, location wise and cost centre wise
Detailed Depreciation Calculation as per Tax Audit Reports
Various MIS Reports for Asset Acquisition and disposal
Calculation of Depreciation and various reports for any selected period.
Location wise Physical Verification of Assets Report
Relocation reports for assets as well as components
Automatic calculation of Profit and loss on disposal of assets
Allows use of Account codes and export of Journal entries for depreciation
Maintain different locations, vendors, service providers, cost centres and custodians with easy search and reports for any contacts
.

Description

Spine Assets Manager is a fully integrated package developed on 3-tier architecture using Visual Basic and SQL platform. Further, it is possible to connect any database engine such as MS-Access or SQL-Server. The software needs Pentium and above machines and is developed for Windows based operating systems with Windows 98 or above clients, using standard networking techniques.

Spine Assets Manager gives the power of its own reports writer whereby all the reports can be viewed, printed or exported in csv, excel or many other forms.

Spine Assets Manager is conceived by experts who have considerable technical as well as functional expertise and is a result of 24 man months of efforts. Though it covers most of the needs of users, Assets Manager can be further customized to meet any additional or specific needs of the clients.

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