ComLine Products has developed a Fixed Asset Software primarily for tracking of Fixed Assets and also computing depreciations for all assets by various methods. The highlight of the software is, it is bar-code enabled. That is, the assets can have bar-codes and then software helps to perform Fixed Assets Audits. The software is installed at HO & maintains assets branch-wise. The software is being currently used by few well known co-operative banks in Mumbai.

• Allows the user to enter all the assets and details of assets, Insurance details, original cost, WDV, location etc.
• Allows user to classify assets
• Allows user to define depreciation percentage as well as method of depreciation (SLM / WDV) for each asset
• Generates unique code / barcode for each asset, which then can be stuck on the assets

Since all the assets are barcoded, auditing is fast & accurate. Barcode scanner can be used to scan the barcodes at each location and the file containing barcodes can be read directly by the software
• Audit report is then generated to give list of assets matching with the Asset Master location, Assets not matching or found extra at a location etc
• Captures transfer of assets information, where by an asset is transferred from one location to the other
• Captures information related to asset being auctioned, scrapped or sold
• Allows addition & deletion in the assets
• Computes depreciation as per user defined period (monthly, quarterly etc)
• Generates comprehensive mandatory & MIS reports that includes :-
• Depreciation calculations & summary
• Group summary
• WDV register
• Asset summary
• Asset Transfer Register
• Purchase / Sell register

The software has been developed using the latest .NET technology and uses SQL Server as the database.