Company ACT and life of the asset for User defined GAAP
month/year
of asset/accessory
Insurance charges & additional charges
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| DEPRECIATION MODULE | |
| Provision to configure Asset Groups | Scrapping of an Asset |
| Provision to configure Indian & Parent Company financial year | Profit and loss for Assets sold |
| Dynamic configuration of depreciation rates for IT ACT and Company ACT and life of the asset for User defined GAAP |
Freeze/Unfreezing of depreciation processed for a month/year |
| Addition/deletion to an Asset | Provision to select Capitalization/non capitalization of asset/accessory |
| Sell off of an Asset | Leasehold Improvement Module |
| Write off an Asset | Provision to add Additional costs like duties, Insurance charges & additional charges |
| REPORTS | |
| IT Act (Yearly, Consolidated) | Sold Assets |
| Company Act(monthly, yearly, consolidated) | Assets <5K |
| US GAAP (monthly) | Cost Center wise Depreciation Report |