Assets · India

Fixed asset management for India. The register, the depreciation, the maintenance, on one record.

Plant, buildings, vehicles, computers and furniture. Bought, built or made from stock. Depreciated by the method and rate for their class. Serviced, insured, moved and finally sold or scrapped. One record from the first day to the last.

The register

Every asset, its class, its location, its custodian.

How an asset arrives: Bought on a purchase order. Built on a project and moved to the register when the project closes. Or taken from stock and made an asset. All three end on the same register.
Component assets: A machine with a motor, a pump and a panel can be one asset with components, each with its own cost and life.
Labels: A sticker per asset with its number and code, for the physical verification.

Depreciation

Straight line or written down value, by class.

Method and rate per class: Each asset class carries its method, straight line or written down value, and its rate or useful life. An asset takes the class's setting, and can be overridden.
The schedule: The depreciation schedule is computed for the asset's life. Each period's charge posts to the ledger from the schedule.
Impairment and enhancement: A write-down or an addition to an asset is a document, with the new value and the reason. The schedule recalculates from there.
April to March: The financial year runs April to March, alongside a calendar year where a group needs both.

Maintenance and insurance

Service by schedule. Insurance by policy.

Maintenance schedules: Service due by date or by running hours. The work order lists the tasks, the tools and the spare parts, and the cost lands on the asset.
Insurance: Policy number, insurer and the dates on the asset record. A report shows which policies end next month.
Transfer and disposal: A transfer between locations, custodians or organisations is a document. So is a sale or a scrapping, with the gain or loss posted.

Reports

The register, the depreciation, the maintenance, the expense.

The asset register: Every asset with class, location, custodian, cost and written-down value, as on any date.
The depreciation report: The charge for the period and the year, by class and by asset, as posted to the ledger.
Maintenance and expense: What each asset cost to keep running: work orders, spares, outside service. The assets that cost the most to keep are the first to review.
Assets at customers: Equipment placed at a customer's site stays on the register, with the customer on the record.

What it costs

Part of the ERP, not a separate licence.

Fixed assets are in every edition of Onfinity, including free Pluto. Advanced asset accounting is in SME Cloud and above, at ₹1,999 per user per month.

Every edition, and what is not in the licence: the pricing page.

Bring your asset register as it is today.

The demo loads it: classes, methods, rates, and the depreciation for the current year.

Book a demo Projects that become assets