Asset Management

Maintain Fixed Assets Register

FAMS is the complete software that helps you maintain records of fixed assets.Complete details of each asset including cost, useful life, user, location, department, cost centre etc. can be maintained. Several other dimensions of an asset can be added by creating User Defined Fields.

Manage Fixed Assets

All events pertaining to an asset can be recorded in FAMS. e.g shifting, sale, discard, split. Recording Annual Maintenance Contracts, warranties and insurance details help generating timely alerts for proper management of assets.

Compute Depreciation

All statutory aspects of depreciation calculation are covered in finer details in FAMS. Depreciation calculation as per Companies Act, 1956, retrospective change in Rate / Method, block wise depreciation as per Income Tax Act 1961 are all covered in complete details. Apart from the two statutory depreciations books, two additional user defined depreciation books can also be created e.g. Depreciation books as per parent company requirements.

Powerful Reporting

Standard reports ranging from Fixed Asset Schedule to Asset Register and Cards are provided along with FAMS. Easy-to-use query builder help user create other reports as and when required. Most of the reports have range and filter selection facility and can be exported to MS Word / Excel formats.

Quick Implementation

If your existing Fixed assets details are kept in MS Excel format, you can re-format and import them in FAMS to get a head-start. Hence , there is no need to waste time in re-entering data.