Parallel IND AS & IT Act books
Every asset depreciates twice: SLM under Companies Act, WDV under Income Tax Act. Switch books per report. No manual reconciliation, no spreadsheet exports.
Features
Built for finance teams who own the register.
Every audit-grade fixed asset register feature you actually use — parallel SLM and WDV books, multi-level approval workflows, AMC and compliance tracking, maintenance ticketing, barcode and QR labelling, multi-currency capitalization, and seven forward-looking reports the typical asset register does not have.
Built for finance teams
who own the register.
Everything an audit-grade fixed asset register needs — parallel books, approval workflows, compliance tracking, and the forward-looking reports the typical asset register skips.
Multi-level approval workflows
Route transfers, disposals, and CAPEX requests by amount, category, or department. Configurable approval chains with per-level approvers and attachment requirements.
AMC + compliance tracking
Track AMC contracts with visit logs and renewals. Register Fire NOC, lift inspection, pollution NOC, calibration certificates — with auto-expiry alerts at 60 / 30 / 0 days.
Maintenance cycles & tickets
Define recurring maintenance schedules with vendor assignment. Convert overdue cycles into tickets in one click. Per-asset breakdown history and SLA tracking.
Barcode & QR labels
Generate Code-128 or QR labels in batches. Print to sheet stock with 1–6 labels per row. Scan with any mobile camera to jump to the asset profile.
Operations Forward reports
Seven forward-looking reports the typical asset register skips: ROI per production asset, carbon footprint by emission factor, life vs run-hours benchmarking, idle asset utilization.
Physical verification cycles
Schedule periodic verification by location, category, or auditor. Mobile barcode/QR scan to mark verified. Variance report flags missing or untagged assets at year-end audit.
CWIP to capitalization
Track work-in-progress costs against budget. Capitalize when ready with one click — moves CWIP balance to fixed asset, starts depreciation, posts journal entry.
Insurance & warranty register
One register for policy numbers, premiums, sum insured, claim history. Renewal alerts 60 days out. Per-asset coverage summary for audit and claims.
Revaluation & impairment
IND AS 36 impairment testing and IND AS 16 revaluation with full audit trail. Reserve postings, gross-up calculations, and disclosure notes ready for the auditor.
CSV / Excel import
Map your existing register columns to AssetLens fields in a guided wizard. Detect duplicates, validate dates, suggest categories. 10,000 assets typical import time: 45 seconds.
Component depreciation
Schedule II component accounting — split a high-value asset into parts with different useful lives. Battery vs body, building shell vs interiors. Auto-allocates cost on capitalization.
From CSV import to month-end close.
Import your existing register, configure your books, work the register through approvals, post depreciation. Four steps. No SAP-grade implementation cycle.
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Import your register
Upload your existing CSV or Excel. Map columns once. Field validation catches missing capitalization dates, duplicate codes, and negative NBV before any data lands.
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Configure your books
Set useful lives per category, GL accounts, depreciation method, FX policy. Run the parallel books from day one — SLM under Companies Act, WDV under IT Act.
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Work the register
Transfers, disposals, revaluations, CAPEX requests flow through approvals you configure. Every action lands in the audit trail with timestamp, user, and before/after values.
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Close the period
Post monthly depreciation in one click. Lock the period when sign-off is complete. Export IND AS Note 10 disclosures and IT Act Form 3CD schedules in the exact format your auditors expect.
Numbers, not promises.
Built for enterprise scale — supports up to 50 lakh (5 million) assets per company, with all core pages rendering under 500 ms regardless of register size.
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How AssetLens compares.
A purpose-built fixed asset register beats a spreadsheet on every dimension that matters at audit time — and beats a generic ERP on every dimension that matters in operations.
| Capability | AssetLens | Spreadsheet / Generic ERP |
|---|---|---|
| Parallel SLM + WDV books | Computed for every asset | Two spreadsheets, manual recon |
| IND AS Note 10 disclosure | Auto-generated | Manual aggregation |
| Multi-level approval routing | By amount, category, dept | Email chains |
| AMC & compliance expiry | Auto-flagged at 60 / 30 days | Calendar reminders |
| Audit trail (who / when / what) | Every change logged | Last edited date only |
| Barcode / QR labels | Built-in batch print | Separate tool |
| Carbon footprint per asset | Per-country emission factor | Not tracked |
| Setup cost | Zero — included | Six-figure implementation |
Start tracking your register
in minutes, not months.
Free trial for 30 days. No credit card required. Bring your existing CSV and we will help you map it.