In Close Deprciation Screen, after selecting the system and period click close depreciation button to close the depreciation

No. This screen is for viewing only.

Yes, the query can also be saved for future requirements.

Yes it can be provided at an extra cost.

Yes, the fixed assets register, depreciations schedules and the fixed assets ledger are as per the statutory requirements.

We have 63 reports comprising of 13 Depreciation related reports, 8 Fixed Assets Reports, 14 Transaction related reports, 24 Asset & other Listings and 4 Graphs.

Yes you can, provided the depreciation period is not calculated or closed. If the depreciation is calculated or closed then the revaluation can be done only on subsequent periods.

We have provided depreciation procedures for both Company’s Act and Income Tax Act. We have also incorporated the international standard of GAAP depreciation into Smart Assets™. We have also taken care of other governmental regulations on depreciation for Act 53 and Modvat.

No after the document is approved the extension of the service contract cannot be done.

No it is not possible to scrap/transfer the linked assets. You need to unlink the assets before doing the necessary action.

No, The assets need to be brought inward before scrapping.

No only scrapped assets can be disposed. You need to scrap the assets before disposing.

Yes, the asset can be transferred from any branch/location to any branch / location / department. However inter-departmental transfer is not possible. Inter company transfers is also not possible.

No. Sub assets are only for tracking and not for depreciation.

Those fields are for you to store any additional information if required.

No, if the currency conversion is required it can be provided at an extra cost.

You cannot use special characters; otherwise you can use alpha numeric and the slash as a separator.

Yes, you can modify the asset tag.

No, once asset created is created, it cannot be modified.

Only admin users can set the role rights.

That depends on the number of the roles in the organization. There is no limitation on the number of the roles to be created.

There are a variety of factors that influence the amount of time that an inventory will take. Major factors include the number of assets to be audited, types of assets and locations of the company. We address all of the factors during project planning and work with you to develop a schedule that will meet your needs. Our focus is to accurately collect the data in a timely manner with a minimum impact on your operation and end-users.

The best way to sell asset management to upper management is to perform a return on investment (ROI) analysis. This analysis should include industry standard data provided by a company like the Gartner Group, the estimated costs of your asset management system, and your expected benefits from this system (Gartner Group’s assessment that the cost of ownership can be reduced by 37.5% or more through active enterprise asset management is a fairly powerful opener to any presentation).

Our training team will instruct you to maintain and use the Smart Assets™ software. Our professionals are always on hand to assist you, whenever you require them.

Asset management is a complex exercise , simply because it incorporates such widely varying functions and employee . What appears simple on the surface, must address several specific and detailed issues to be successful.

Successful asset tracking results in more accurate budgeting, better control of assets, and effective life-cycle management of assets. Asset tracking is an important part of overall asset management.

Here are some just of the benefits of implementing an asset management program:

  • Accountability by users
  • Improve ROI , saving money by not purchasing or maintaining unnecessary assets.
  • Re-deploy unused assets
  • Improved vendor management
  • Timely renewal of insurance and service contacts.
  • Gaining access to accurate information relating to your assets saves time and increases an organizations ability to make logical decisions regarding your investments.
  • Asset lifecycle management – realize costs and time associated with the management of assets. Creating efficiencies and reducing TCO becomes possible only when an accurate asset roadmap is defined.

Asset management is a high-level process that integrates people, processes, and technologies to maximize end-user productivity, contain costs, and maintain compliance. A successful asset management program is one that delivers detailed reports, helps you maintain existing assets and budget new assets, is a decision-making tool that can have an enormous impact on your company in terms of time and money. For better asset management , however, you need an asset tracking solution. Only when you have information about all your assets, can you have a meaningful plan for managing those assets in other ways. Asset tracking includes bar coding assets, physical collection of asset data and control.

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