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Fixed Assets Depreciation System (FADS)       

Smallest misinterpretation of tax rules and related exemptions can rake up an error with huge penalty. Furthermore, keeping your finance team up to date with wavering tax regulations and fillings based on manual tracking of your fixed assets starting from as complicated as office building lease to as simple as attendance machines could be a daunting task for you.
 
Our Fixed Assets Depreciation System is a powerful depreciation system and a first choice for mid size companies for asset depreciation management.

FADS, an intuitive Fixed Assets Depreciation software enables finance professional to accomplish tedious tasks of assets tracking and management in a fraction of time that might take weeks if done manually. FADS stands out of other Fixed Assets Management softwares due to its automatic alerts for AMC/warranty and faster depreciation calculations with precision. Farsight consultants’ constant attention to tax laws, ensure that you stay compliant to all current tax laws and requirements with accurate reports. Fully customizable, Fixed Assets Depreciation Solution can be set up in accordance to the way you want to work with the assurance of 100% compliant with tax regulations.

 

SALIENT FEATURES

 

  • Asset Management
  • Asset Accounting
  • Asset Breakup
  • Asset Sale Depreciation
    Calculation
  • Depreciation Calculation
  • As per Company Act
  • As per Income Tax Act
  • Multi shift depreciation
  • Formula Driven Calculation
  • Formula can be defined with the
    effective dates
  • Complete Vendor Details
  • Full-Fledged Security Module
  • Reports
  • Fixed Asset Register
  • Fixed Asset Schedule
  • Fixed Asset Schedule department/location/cost center wise
  • Depreciation Register according to Company Act
  • Asset Sale Report
  • Fixed Asset Schedule as per Income Tax Act
  • Asset register for <5000 costing assets

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