Assetage organizes fixed assets accounting in comprehensive formats, performs complex depreciation calculations quickly and easily, and offers powerful reports for financial and tax reporting of fixed assets.
Assetage gives you complete control over your fixed assets:
- Manage entire Fixed Asset lifecycles from purchase to disposal, additions, improvement and repairs throughout the year. Maintain quantitative and location information.
- Effortlessly keep track of valuable information of your assets such as description, identification, vendor information, model, warranty expiry, insurance renewal details, licenses and other important documents.
- Link up to your accounts by keeping a reference to accounts vouchers, purchase and sales documents and scrap records. Enter information as they occur in time - in parts to correlate to your accounts.
- Automatically calculate depreciation over the years in confirmity to all the statutory rules, (see the next box...)
- Profit & Loss on sale of Assets are derived automatically.
- Instantly prepare effective reports for tax, accounting and internal purposes - with several reports to choose from and an ever-increasing list. All reports are compliant with requirements of Companies Act and the Income Tax act and other governing statutes.
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