Category: Accounting & Assets
Articles, guides, and practical workflows for Accounting & Assets.
Explore Relaso's purpose-built modules designed for Accounting & Assets.
Companies Act 2013 vs. Income Tax Act 1961: Dual Depreciation Rules Decoded
Understand the critical differences between Schedule II useful life depreciation (Companies Act) and Block of Assets WDV depreciation (Income Tax Act).
WDV vs. SLM Depreciation: Selecting the Optimal Method for Plant & Machinery
Evaluate Straight Line Method (SLM) vs Written Down Value (WDV) depreciation. Learn impact on corporate balance sheets, cash flow, and tax liability.
Physical Asset Audits: Deploying QR Codes and RFID for Instant Asset Reconciliation
Say goodbye to lost IT hardware and ghost machinery. Learn how mobile QR code and RFID tagging streamline physical asset verification and audits.
Capital Work-in-Progress (CWIP): When and How to Capitalize Construction and Machinery Assets
Master Ind AS 16 rules for Capital Work-in-Progress (CWIP). Track qualifying asset expenditure, borrowing costs, and commissioning dates accurately.
Component Accounting Under Ind AS 16: Splitting and Depreciating Complex Industrial Assets
How to decompose complex assets into separate components with differing useful lives under Ind AS 16 / AS 10. Avoid audit qualifications.
Asset Disposals, Impairments, and Write-Offs: Calculating Capital Gains and GST Impact
Accurately calculate Net Book Value (NBV), profit/loss on asset sale, GST Section 18(6) input tax reversal, and Ind AS 36 impairment testing.
Leased Assets and Right-of-Use (ROU): Ind AS 116 Depreciation and Lease Liability Amortization
A practical guide to Right-of-Use (ROU) asset recognition, lease liability amortization tables, and monthly depreciation under Ind AS 116 / IFRS 16.
Maintenance vs. Capitalization: Clear Threshold Guidelines for Plant Enhancements
How to distinguish between revenue repairs and capital improvements under accounting standards. Establish audit-proof internal capitalization policies.
Zero-Touch Month-End: Automating Depreciation Journal Entries Across Multiple Cost Centers
Eliminate manual month-end depreciation spreadsheets. Auto-post multi-departmental depreciation journals to your Chart of Accounts.
Building an Audit-Proof Fixed Asset Register (FAR): A Step-by-Step Statutory Blueprint
A complete CARO 2020 compliance checklist for maintaining an electronic Fixed Asset Register (FAR). Satisfy statutory auditors effortlessly.