FIXED ASSETS Classic, which is an in house developed product, is an efficient and comprehensive product for a total Fixed Asset Management System. Developed in Visual Basic 6.0 with backend in Microsoft SQL server 2000 and reporting in Crystal 10,  the package includes the following features:

• FA Classic calculates depreciation for a single book entry using straight line method.

• Allows all reports to be displayed on the screen for immediate inquiry or stored in a file for later use.

• All features are accessed through convenient menus, but allows the expert user to move quickly from any package/application     directly to another, bypassing menus.

• Depreciation (DP) provides standard, pre-designed reports that will quickly show the status of assets. Asset information can be accumulated either by subsidiary, division, and group or by sub-group. In addition to the pre-designed reports, custom designed reports are available.

• Depreciation can be done to individual items or for all items. If an item is not used for a certain period of time the system would      stop depreciation for that duration and resume on the next working day of the item. This is also taken care for 'Depreciation on all items'.

• Depreciation amounts can be distributed to General Ledger (GL) on demand. The General Ledger information can be distributed based on the requirements of the user. For example, entries can be created and posted each month, or just once a year.

• The GL entries include the amounts for both depreciation expense and accumulated depreciation. Since the complete entry is
  made, utilizing the interface from DP to GL eliminates additional posting of entries.

• Eliminating manual journal entries; the FA Classic General Ledger interface records accumulated depreciation expense entries automatically when you post.

• FA Classic though being an independent platform can be easily integrated with an ERP software like Solomon and it can be     customized to conform to the way your business is organized.

• Retirement: regular, sale and part retirement calculation.

• The revaluation feature can reset the value life of an asset and the system would automatically bring changes to the required     affected areas.

• Each FA Classic module contains its own unique ability to design reports. Additionally, information from the other modules with
  which Fixed Asset Management interfaces (specific modules identified above) can also be used on a Fixed Asset Management
  report. Once a report has been designed, it can be viewed on screen or even printed.

Modules:

Setup (Masters)	Input	Transactions	Reports	Help
	Asset General Asset Book	Depreciation Regular Projections Stop / Resume Depreciation Asset Retirement Sale Projection Asset Transfer General Ledger Posting	Assets Regular Projections Retired Transferred Depreciation details Asset Register Class Scorecard Detail GL Enquiry Depreciation GL details

Product Features:

• Salary can be defined in different currencies and paid in different currencies

• Different employees can have different frequencies of pay, e.g. Monthly, Weekly but processing can be done in a single run

• Employee Salary can be based on Monthly wages, daily wages or hourly rates

• Multiple Over time (OT) Rates

• Optional ’30 Day / Month’ Pay Calculation (360-day based calendar)

• Pay Disbursal Tracking for confirmation of receipt of the salary by the employee

• Basic Salary and Pay components are setup with effective dates

• Facility to define unlimited number of pay components like House rent or transportation allowances.

• Setting up of Pay Components as Monthly Amount, Daily Rate, Hourly Pay and Percent of Basic Pay

• User definable accrual codes for Indemnity, Vacation, Insurance and Air Ticket.

• Indemnity Slab set-up as per the Labor policy.

• Setting up vacation accrual data by Working Days / Calendar Days

• Optional vacation accrual during employee’s vacation days

• Facility to calculate prior accruals, in case of Salary change.

• Fare slab percent set-up for air ticket based on Age. 4 Fare Slabs supported. Migration from lower slab to higher slab is automatic with necessary accrual adjustments

• Facility to include / exclude various earnings from Indemnity / Vacation / Insurance accruals

• Allowances can be set up as Payable / Non Payable Allowances

• Position (Department / Designation / Location / Project) History

• Skill Set and Qualification data

• Unlimited number of Employee Documents (Labor Card, Passport, Driving license etc.) data with expiry date tracking

• Multiple Leave Types - User definable Pay Percent by leave type

• Handling of Sick leaves

• Facility to exclude certain leave types from Indemnity / Vacation Pay Calculation.

• Detailed Bank Master setup including company’s bank details for generating electronic transfer

• Holiday Master Setup by Date Range

• Loans and Advances module

• Loan Disbursement and Repayment through Payroll

• Set-up of installment schedule

• Facility to alter installments, including repayments made outside Payroll

• Employee Leave Detail Maintenance

• Employee Vacation Plan entry & Vacation return date entry

• Automatic time transaction generation based on leave data, vacation plan, holidays, weekly off, etc.

• Facility to edit time transaction for adjustments and corrections

• Temporary Earning / Deductions for ad-hoc payments and deductions for the month

• Processing employee vacation with vacation pay disbursal

• Payroll Calculation

• Back dated Pay Calculation. Makes adjustments to prior period payments, if there is a back dated pay component change.

• Comprehensive and detailed Pay Register

• Pay Slip printing

• Pay Distribution option by location, project or department

• Accrual Tracking for accruals, availments and adjustments

• Facility for expense distribution for calculating project profitability with camp wise expenses tracking

• Various MIS and History Reporting with Graphical representation of Data as Histograms and Pie-Charts

• On-line real time interface with Time & Attendance Software (not under current scope)

• Can be interfaced to any Time & Attendance or Access Control terminals for collecting employee attendance data                  (not under current scope)

Technical Details:

• Windows based application, developed in Microsoft Visual Basic 

• Client Server application 

• MS SQL Server database

Job Portal Modules:

Job Seeker

• Registration
• Build CV
• Vacancy search on search criteria like Category, Location
• Apply CV to posted vacancies
• View and update profile

Search Engine

• Post Vacancies
• View and Edit vacancies
• Search CV's on search criteria like Nationality, Experience, Age, Gender, Qualification etc OR by just typing some keywords
• View and print complete CV's
• Download CV's to local computer
• Change Password.
   

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