Spine Assets is a very simple, flexible and user-friendly Fixed Assets Management software for asset and depreciation accounting keeping in view the requirements of India Companies Act and Indian Income Tax Act. It is generally agreed that maintaining the data relating to assets, its locations, servicing and depreciation accounting has become very necessary in view of substantial amount of funds being employed in the Company's fixed assets and its maintenance. "Increasing automation makes planning and monitoring of fixed assets for external and internal accounting purposes even more important. In addition to pure accounting and balance sheet preparation, there are extensive requirements for controlling and maintenance monitoring. Furthermore, one must be able to determine easily and precisely the even more complex requirements of asset and depreciation accounting both at books and tax levels and also for different periods."
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