assetSECURE has been designed to help the Travel Entity in managing its Fixed Assets . assetSECURE streamlines the working of admin / accounts function by providing facilities to manage the FA.
Features:
- Control over FA
- Classification and identification of FA.
- Statutory compliance in terms of CARO as per Companies Act 1956.
- Compliance of provisions of Companies Act 1956 and Income Tax Act 1961 relating to calculation of Depreciation.
- Depreciation calculated as per both methodologies WDV as well as SLM.
- Strict control over asset acquisition and disposal.
- Compliance of accounting conventions relating to recognizing profit / loss on asset disposal.
- Auto posting / journalizing of depreciation entries.
- Auto year end transition and roll over of provisions for each class of asset.
Reporting MIS
- Fixed Asset register.
- Depreciation chart as per SLM and WDV method.
- Tracking Profit or Loss against each asset disposal.
- Trial Balance details for each class of asset - Opening and closing balances of each asset.
