What is fixed asset management software?

Fixed asset management software helps organizations track, maintain, and calculate depreciation of physical assets efficiently.

Do you offer fixed asset auditing services in India?

Yes, we provide end-to-end fixed asset auditing and tagging services across India and other global locations.

Frequently Asked Questions- Levantare TechnologyLevantare Technology Pvt Ltd

Asset Entry & Identification
Access & Support
Depreciation
Asset Movement & Tracking
Maintenance, AMC & Insurance
Verification & Reporting
Alerts & Notifications
Purchase & Vendor Details
Organization Settings

How do I add a new asset?

You can add it manually, upload via Excel, or use AI to auto-fill details from documents or images.

What is auto code generation?

The system can automatically create asset codes based on rules like location, category, or department.

Can I use AI to add assets?

Yes, AI can read documents or images and auto-fill asset details.

What is QR code tagging?

Each asset gets a QR code. Scanning it shows full details like location, user, and condition.

Can I use it on mobile?

Yes, mobile apps or browser access are available for field use.

Is the software secure?

Yes, it uses secure login and encryption to protect your data.

Can I get help if I’m stuck?

Yes, support is available via chat, email, or phone.

How do I close depreciation?

Go to the Close Depreciation screen, select system and period, then click ‘Close Depreciation’.

Can I reopen a financial year after closing?

No, once closed, it cannot be reopened.

Can I revalue assets anytime?

Yes, but only if depreciation is not calculated or closed. Otherwise, revalue in the next period.

How is depreciation handled?

The software supports Company’s Act, Income Tax Act, and GAAP standards.

Are sub-assets included in depreciation?

No, sub-assets are only for tracking, not for depreciation.

Can I track inward and outward movement?

Yes, you can record when assets enter or leave a location, including dates and reasons.

Can I transfer assets between departments or locations?

Yes, you can update the asset’s location, department, and assigned user.

Can I track internal locations?

Yes, you can assign assets to specific rooms, floors, or zones within a building.

How do I record maintenance and AMC?

You can log service dates, issues, AMC contracts, vendors, and set reminders for renewals.

Can I track insurance details?

Yes, you can store insurance policy numbers, expiry dates, and get alerts before expiry.

Can I manage software licenses?

Yes, you can track license keys, expiry dates, and renewal reminders.

What is asset verification?

It means checking if the asset physically exists and matches system records. AI can help verify using photos or documents.

What is a variance report?

It shows differences between system records and actual physical assets.

Can I scrap or dispose of assets?

Yes, you can mark assets as scrapped or disposed and record the reason and date.

Can I set reminders and notifications?

Yes, the system sends alerts for AMC, insurance, license expiry, and verification schedules.

Can I record manufacturer and vendor details?

Yes, you can store brand, model, vendor name, contact info, and warranty details.

Can I add purchase and accounts details?

Yes, you can enter PO number, invoice number, voucher number, SAP number, and payment info.

Can I customize column names?

Yes, you can rename columns to match your company’s format.

Can I make some columns mandatory?

Yes, you can set rules to make certain fields required during asset entry.

Can I assign assets to departments?

Yes, you can link each asset to a department for better tracking.

FAQ