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The Asset Management is used for managing and supervising fixed assets of an organization.

It serves as a subsidiary ledger to the General Ledger, providing detailed information on transactions involving fixed assets.

Asset Management can be implemented either as a stand alone module or part of an integrated SOFT-IBS ERP solution.

It facilitates creation of Asset Master, Capitalisation, Calculation of Depreciation, and Addition & Deletion of Assets and maintenance of Statutory Registers.

As an integrated module of SOFT-IBS, the activity starts from creation of Purchase Indents and ends with Vendor payment thereby covering the entire purchase cycle and integrating with Inventory and Finance modules.

Features available:

• Classification (Categorization) of Assets
• Support both method of depreciation i.e. Straight line and Written Down Value
• Maintenance of Depreciation rates for each class for both Balance sheet and Income Tax
• Assignment of GL Account for each Class of Asset
• Maintenance of shift factor for calculating Depreciation (e.g. Plant & Machinery)
• Integration with Purchase, Inventory & Finance module of SOFT-IBS ERP package
• Rounding of Asset / Depreciation value to nearest 10's , 100's & 1000's
• Depreciation calculation on-line & Batch mode - Monthly / Quarterly / Yearly
• Flexible Depreciation periods
• Reports - Asset Register, Depreciation Statement, Schedule for Balance sheet, Asset Category / Cost centre - wise reports.