This internal web application is designed to calculate and manage the depreciation of company assets.
Depreciation is a critical accounting process that allocates the cost of an asset over its useful life, reflecting its reduction in value due to wear and tear, age, or obsolescence.
Key features of the application include:
- Depreciation Calculations: The application performs accurate calculations based on various depreciation methods, such as straight-line, declining balance, or sum-of-the-years-digits, depending on the company's accounting policies.
- Asset Management: Users can input and track asset details, including purchase date, cost, useful life, salvage value, and category, which are necessary for calculating depreciation.
- Automated Updates: The application automatically updates depreciation values as time progresses, providing current and historical depreciation data without manual intervention.
- Reporting: It generates detailed reports on depreciation expenses, asset value changes, and remaining useful life, aiding in financial analysis and decision-making.
- Integration: The application may integrate with other financial systems or accounting software to ensure consistency and accuracy across financial records.
- User Access Control: It includes features for managing user access and permissions, ensuring that only authorized personnel can view or modify depreciation data.
Overall, this internal web application streamlines the process of calculating and tracking asset depreciation, helping the company maintain accurate financial records, comply with accounting standards, and make informed financial decisions.
Technology :
- Web : Laravel
- Backend : Python
- Database : MySQL