FAMS

FAMS is a comprehensive enterprise Fixed Asset Management Solution that helps you perform complex depreciation calculations for financial and tax reporting, asset inventory tracking, Barcode and Physical verification. Have complete control over the entire fixed asset lifecycle - from Acquisition to Sale/Discard.

Asset Details

Acquisition/ Build up
Import Data from
MS-Excel
15 User Defined Fields
3Tier Classification
Parent-Child
relationship
3Tier Location
Dept./Cost Center
Users
Vendor

Asset Accounting

Cost Break-up
Foreign Exchange
Split
Gain/Loss on sale
Capital WIP
Shifting
Multiple Quantity asset record

Asset Management

Warranty /AMC/Insurance
Physical Verification
Bar Code Interface
Asset Card
Complete History
Replacement based on Life

Depreciation

As per Companies Act
As per Income-tax Act
Retrospective Change
Two Additional Change
Multi Shift Depreciation
Leasehold assets
Depreciation
Standard or Overriding Dep.

Powerful Reporting

70 Standard Reports
Powerful Report Filters
Exception Report

FAMS offers unmatched speed and functionality, an easy-to-use interface and powerful reporting features -all backed by the best customer support in the industry
Over 800 companies from manufacturing, IT, ITeS and services field have been using FAMS to record and manage assets, calculate accurate depreciation and get powerful MIS.
FAMS can be implemented with minimum efforts and in shortest time.
Fully compliant with the provisions of Companies-Act, Income-tax and Accounting Standards, FAMS is regulary updated for latest changes, additions and improvements

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.

Quick Implementation
If your existing Fixed assets details are kept in MS Excel format, you can re-format and import them in FAMS to get a head-start. Hence , there is no need to waste time in re-entering data