FAMS – Fixed Assets Management Software
FAMS is a Fixed Assets Management Solution. It maintains fixed assets register, helps in calculating depreciation as per the Companies Act and Income Tax Act.
Features:
- 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
37 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.
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