Modules
Eazy ERP, Software for fixed asset depreciation

Overview - EAZY ASSET > Depreciation

​ Depreciation helps you properly depreciate assets over their useful life and hopefully, help avoid receiving a qualified opinion on your next audit.

As per Companies Act

User defined rates and methods, WDV or SLM Provision of 100% depreciation for assets costing less than Rs. 5000/-. Yearly/half yearly/quarterly/monthly depreciation can be calculated.

As per Income-tax Act

User defined Blocks of assets and rates for each financial year, 50% depreciation for assets used for < 180 days.

Retrospective Change

  • In Rate
    • When the company decides to change the rate, complete recalculation of depreciation is carried out and report is generated.
  • In Method
    • When the company decides to change the method from WDV to SLM or vice versa, complete recalculation of depreciation is carried out and report generated.
  • In Classification
    • When an asset is reclassified, depreciation is re-calculated from the date put to use and any shortfall / excess provision of depreciation is suitably adjusted.
  • Prospective Change
    • The rate / method / Category can be changed prospectively without affecting the previous calculations

Features

  • Track of all lease agreements, maintenance agreements etc.
  • Track cost center, physical location, asset ID, physical ID , date of use etc.
  • User defined fields can be added.
  • Extensive Security features.
  • Easily Accessible.
  • Web-based software.
  • Access to reports & records anywhere and anytime.

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Our Clients

We at EAZY Business Solutions value our Client relationships. Our ERP Solutions are designed to address the need of various industry verticals - scaling from low and mid-sized companies to large production and manufacturing establishments.
Over the years we’ve served several of our clients mentioned below.

Eazy ERP, ERP for Paint Industry Eazy ERP, ERP for Food & Spices Eazy ERP, ERP for manufacturing Eazy ERP, ERP for food industry Eazy ERP, ERP for FMCG Industry Eazy ERP, ERP for small business gurgaon EAzy ERP, ERP for food Processing Industry Eazy ERP, ERP for Automotive Industry Eazy ERP, ERP for Pumps & Valves Eazy ERP, ERP for FMCG Industry Eazy ERP, ERP for Garments Industry Eazy ERP, ERP for Automotive Industry Eazy ERP, ERP for Plastic Moulding Industry Eazy ERP, ERP for Sheet Cover Industry Eazy ERP, ERP for Automotive Industry