AssetExpert

AssetExpert, developed by Sensys Technologies Pvt Ltd, is a Fixed Asset Management Software designed to streamline and automate the management of fixed assets for companies of various sizes. According to the vendor, this software caters to the needs of professionals in industries such as accounting, asset administration, financial planning, and control.

Key Features

Depreciation Methods: According to the vendor, AssetExpert offers commonly used depreciation methods like Straight Line Method (SLM) and Written Down Value (WDV) to assist users in calculating and managing asset depreciation.

Accounting Books: The software provides default Income Tax Book and Accounting Book, with the option to create and manage two additional books. Each book can have a different accounting period, as per the vendor.

Block wise classification of Assets for Income Tax Purpose: Users can categorize assets into predefined income tax blocks, allowing for accurate depreciation calculation in accordance with the income tax act, according to the vendor.

Asset Category: Users can categorize assets into user-defined categories for books other than the income tax act, facilitating efficient asset management, as per the vendor.

Arrangement of Assets: AssetExpert allows users to arrange assets based on location, department, cost center, and custodian, providing enhanced organization and tracking capabilities, according to the vendor.

Details of the Assets: Users can maintain general details of assets such as Asset Code, Asset Description, Asset type, Inward Type, Ownership type, Purchase Date, Cost, and more. The software also supports asset image storage for easy identification, as per the vendor.

Depreciation Rates: The software enables users to maintain asset depreciation rates along with accrued depreciation on a yearly basis for each book, ensuring accurate financial reporting, according to the vendor.

Voucher Details: Users can enter unlimited voucher details for each asset, simplifying asset accounting by including information such as voucher details, P.O. information, and bill details, as per the vendor.

Manufacturer & Supplier Details: AssetExpert allows users to enter manufacturers and suppliers' details at the time of asset acquisition, ensuring comprehensive asset records, according to the vendor.

UDF (User Defined Fields): Users can create unlimited user-defined fields for each asset, allowing for customization and capturing specific asset information, as per the vendor.