ASSET DEPRECIATION

SOFTWARE

MACO INFOTECH LTD

What is Asset Management?

•Maintaining a desired level of service at

the lowest life cycle cost.

•Calculate Asset Depreciation as per new

Rule(1st April 2014)

Why do we need asset Depreciation

Application?

• To Quickly Calculate Asset Depreciation Value as

per New Rule(1st April 2014)

• Quick 4 Steps to use this Application

Create Company

Create Category

Enter Asset Details

Calculate Deprecation

• Get Depreciation Reports

Flow of the Application

Login http://dep.macomal.com/userlogin.aspx

Enter User Name & Password

Submit

Startup

Create New Company

Select Existing Company

Proceed

Create Company

Enter Organization Name

Enter Address(Optional)

Save

Home : Startup

Dashboard

Click on Category to create Asset block

Create Location

1. Enter Following Details

Location Code

Location Name

Address

Sub location

2. Save

Create Category **For Depreciable Asset only

Enter value in following fields

1. Category Code (Any Value) 5. Old IT Act Rate (I T Act)

2. Description 6. New IT Act Rate (I T Act)

3. Old C Act Rate (Companies Act) 7. New Rate Effective Date

4. New C Act Rate(Companies Act)

Select Method: WDV/ SLM

Save

Asset Creation

DEPRECIATION PROCESS-1

Normal Process of Maintaining Asset and Calculate Depreciation from date of

purchase/ put to use

1. Create New Asset

2. Select Category

3. Enter Purchase Date/Use Date

4. Give Original Purchase Cost/Gross Value

5. Adjustable Cost to alter purchase cost for other expenses.

Asset Creation DEPRECIATION PROCESS-2

A. One Minute Solution for Depreciation Calculation, Where Old Record from

Date of Purchase is not Maintained.

1. Create Block Wise Asset.

2. Select Category

3. Enter Purchase Date/Use Date as 04/01/2013

4. Give Original Purchase Cost/Gross Value as on 31/03/2013

5. Accumulated Depreciation as on 31/03/2013

B. For New Asset Purchased After 31/03/2013 follow Process-1.

Upload Excel (Asset Details)

Click on Upload Excel to Upload Bulk Asset Details.

Download Excel Format

Follow the Guide Line to Upload Asset

Search & Modify Asset

Select Asset

Corresponding details will come

Modify Asset

Save

Depreciation Calculation

Select Financial Year and Proceed (For all Assets Depreciation)

Enter Description(Optional) and Proceed - (For Selected Asset

Depreciation)

Filter by Category/Asset ID (Optional) and Proceed for Selected Category

Depreciation.

Depreciation Reversal

Click on reverse option to undo Depreciation

If Depreciation is to be reversed then start from top to the year of choice.

SALES/DISPOSAL

Enter Asset ID & Description

Original Sale/Disposal Cost

Sale/Disposal Proceeds Amount

Sale Date

Save

PRINT ASSETS

Select From Asset

Select to Asset

Select Add-on Details

Click to print

Report Alter Deprecation ** If need be depreciation in particular asset can be altered

Select Asset ID

Get Asset depreciation chart

Alter depreciation value to adjust net value

Update

Asset Register

Filter by Category (Optional)

Get Asset Register

Get Excel

Report

Depreciation Report schedule

II(Companies Act) 1. 1st Page is according to schedule 2 Performa for fixed Asset.

2. Page 2 is for detail and Reconciliation for current year depreciation.

3. 100% Depreciation shows for assets having WDV more then salvage value but 0

age of asset as per new rule.

4. Transfer to Reserve amount shows to bring the WDV equal to salvage value for

asset having WDV less then salvage Value as on 31/03/2014.

Select Financial Year

View Chart

Print report

Fixed asset schedule (IT Act)

Select Financial Year

View Chart

Print Report

Maco Infotech Ltd

Thank You

Corporate Office

First Floor, Bungalow plot 2,

West Patel Nagar Contact- Chetna Bhatia

New Delhi-110008 +91-9310039250

011- 45615523

011- 32713808