The module helps you record and maintain fixed assets and its relevant documents and eliminates dependency on physical records, facilitating you to find location, status and custodian details. The system provides configurable, rule-driven checklists for inspection and audit, notifications for renewal of maintenance contracts, warranty and service. It helps you record and monitor purchasing of assets, its internal transfers, and disposal of assets through sale or scrap. This module is integrated with finance for acquisition, depreciation and disposal, and is posted to general ledger accounts automatically. It Enables real-time calculation of asset value, depreciation method, allocation of cost location wise, auto depreciation calculation and accounts. INNSOF software is customizable and designed to meet your exact business requirements with approval workflows.