iQ – Fixed Asset Management

iQ-Metallika Fixed Assets takes care of an organization’s assets logistics. Depreciation can be calculated using either Straight Line Method or Written Down Value method. Both Company-law and Income tax law are available. iQ-Metallika Asset Management is tightly integrated with Procurement, Inventory and Finance. Important reports are generated through the system, which give a record of the depreciation for different group of assets.

Salient Features:

• Definition of fixed assets with details like quantity, cost, supplier info etc.
• User definable groups for assets
• Item Level, Group Level and Sub-Group level depreciation can be defined
• User definable depreciation percentage as per company law and income tax-law based on utilization of assets.
• Tracking assets and determining the current value of assets.
• Calculation of depreciation using straight line method on written down value method
• Accumulated depreciation reflecting depreciation of an asset over a period of time
• Selling and scraping of assets
• Depreciation based on – Straight Line or Written Down
• Capitalization of Assets
• Inter-location transfer of Assets
• Definition of asset type as per user requirements, i.e. plant, machinery, land, building etc.
• Tracking assets and determining the current value of assets
• Accumulated depreciation reflecting depreciation of an asset over a period of time
• Revaluation of an asset
• Selling and scrapping of assets
• Maintain Fixed assets register
• Integration with Procurement, Inventory and Finance