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Asset and Fixed Asset Management

This fixed asset management software serves two people at once. The accountant gets the asset register, capitalisation and depreciation. The admin or plant head gets to know where each asset is and who holds it. It suits companies preparing for audit or physical verification, and what it gets right is keeping both views on one record.

Who uses it

Accountants, Admin managers, IT teams, Plant heads, Auditors

Runs on

Web and Android

Part of

Business software

What makes it different

Built for the way your trade works.

Covers both sides: the accountant's register and depreciation, and the admin's question of where each asset is and who holds it. Useful before audits and physical verification.

01

Calculate depreciation under Companies Act and Income Tax rules side by side

02

Tag each asset with barcode or QR and verify physically on mobile

03

Keep asset register with cost, location, custodian, bills and warranty

  • Capitalise from purchase bills and capital work-in-progress
  • Record transfers between branches, departments and employees
  • Handle sale, scrap and write-off with profit or loss entry
  • Remind before AMC, insurance and warranty expiry
  • Post depreciation entries to accounts every month or year
  • Print fixed asset schedule and block-wise depreciation chart for audit
  • Issue laptops, phones and tools to staff and recover on exit
How the work flows

A day's work, in order.

Step 01

Asset is bought

The purchase bill or capital work-in-progress is capitalised into the register with cost and date.

Step 02

Asset is tagged

A barcode or QR label goes on the asset, with location and custodian recorded.

Step 03

Asset is issued

Laptops, phones and tools are issued to staff, and transfers between branches are logged.

Step 04

Depreciation is posted

Depreciation is calculated under both sets of rules and posted to accounts.

Step 05

Assets are verified

Staff scan the tags on mobile during physical verification, and missing items are listed.

Step 06

Asset is retired

Sale, scrap or write-off is recorded with the profit or loss entry.

Who it is for

Used across industries.

Asset and Fixed Asset Management is used by manufacturers, traders, distributors and service businesses alike, and is shaped to the trade it runs in.

See all industries
FAQ

Questions, answered.

Why do we need two depreciation calculations?

Company books follow the Companies Act, where each asset is depreciated over its useful life. The tax return follows Income Tax rules, which work on blocks of assets. The software keeps both from one register, so your auditor gets both schedules without a separate Excel sheet.

How does physical verification work?

Each asset carries a barcode or QR tag. Your team walks through each location scanning tags on a phone. Whatever is in the register but was not scanned shows up as a difference to look into.

Can it track small items like laptops and tools given to employees?

Yes. Each issue is recorded against the employee who holds the item. When that person leaves, the items they hold show up for recovery before the final settlement.

Is it useful for a factory as well as an office or hospital?

Yes. A factory tracks machines, moulds and dies by plant and department, and an office tracks laptops and furniture by employee. A hospital or lab tracks equipment with warranty, AMC and insurance dates, and gets a reminder before each one expires.

Does Asset and Fixed Asset Management work on mobile?

Yes. It runs on Web and Android, so people on the floor, in the field or on the road work on the phone while the office works on the full screens.

Can Asset and Fixed Asset Management be changed to fit how my business works?

Yes. Kreon builds and supports it, so screens, reports, approvals and rules are shaped to your process. Tell us what is different about the way you work and we will show you how it fits before anything is built.

Start a project

See Asset and Fixed Asset Management working.

Book a demo and we will walk you through it with examples from your own trade, then tell you plainly what would need to change for your business.