This application will help in maintaining complete Asset Register for any company. It also helps in calculating depreciation for the financial year for all the assets or assets in any particular category or even a single asset. Additionally you can keep track of your AMC / Warranty expiry date of assets which are so covered using this application.
The app helps you in categorizing you assets into categories and sub-categories. The categories and sub categories are linked and one asset category can have multiple sub-categories. For ex. categories could be IT, Engineering, Administration, etc.. The sub categories for IT could be - Desktops/ Laptops, Networking Equipment, Printers, etc.. In case Engineering they could be - AC Equipment, Mechanical Equipment, etc. For Administration Dept. it could be Furniture, Vehicles, etc.. You can define as many categories and sub-categories that you want as they are master driven.
The Assets in each Category and Sub-Category are automatically numbered when they are added to list so that Asset No. consisting of Category + Sub-Category + Asset ID becomes unique combination and can be used for labeling of Assets.
The Asset Master is a comprehensive record of all the assets owned by the company such as Asset Make & Model, Asset Specifications, Vendor Name, Purchase price & date, Warranty / AMC expiry date, etc.. and many more details. The application helps in tracking the warranty / AMC expiry date of Assets which are covered by maintenance contract. Once the Asset is added to inventory, it can be assigned to a Dept. or Dept / Employee combination and Asset status gets automatically updated once the asset is assigned. Asset allocated to X can be transferred to Y with the help of Change Asset allocation form. The Asset status can be tracked whether it is "In Use", "Idle", "Under Repair", "Scrapped" or "Disposed". You can change the Asset Status as required. In case of disposed assets you can capture the
At present deperciation is calculated using two methods i.e. Straight Line and Written Down Value (WDV). However more depreciation methods can be added if required. The application allows you to calculate depreciation for a financial year for all assets or for any category /sub-category or for one asset. Once the depreciation is calculated it can be verified & corrected (if necessary) using Depreciation Details report. Once verified, the Asset Register can be updated using Update Asset Register form. Once the Asset Register is updated, the old Book Value is replaced with new Book Value of the asset.
The application allows you to view Asset List by Category, by Sub-Category, by User , by Department. etc.. More detailed specifications of the application can be seen here