2. 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)
3. Why do we needasset 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
4. Flow of the Application
Login
http://dep.macomal.com/userlogin.aspx
Enter User Name & Password
Submit
8. 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
9. 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.
10. 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.
11. Upload Excel (Asset Details)
Click on Upload Excel to Upload Bulk Asset Details.
Download Excel Format
Follow the Guide Line to Upload Asset
12. Search & Modify Asset
Select Asset
Corresponding details will come
Modify Asset
Save
13. 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.
14. Depreciation Reversal
Click on reverse option to undo Depreciation
If Depreciation is to be reversed then start from top to the year of choice.
15. SALES/DISPOSAL
Enter Asset ID & Description
Original Sale/Disposal Cost
Sale/Disposal Proceeds Amount
Sale Date
Save
16. 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
18. 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