AssetLens vs Bassets eDepreciation

AssetLens is fixed asset management software for finance teams, built around an audit-grade asset register. For each asset, it calculates straight-line depreciation under the Companies Act and written-down-value depreciation under the Income Tax Act in parallel. Configurable approval workflows route transfers, disposals, and CAPEX requests by amount, category, or department. It tracks maintenance schedules and tickets, physical verification, insurance, warranties, revaluation, and impairment, as well as AMC contracts and compliance documents with expiry alerts. Guided CSV and Excel import supports register setup; reports include IND AS Note 10 and IT Act Form 3CD exports. Starter lists 56 standard reports, while Growth lists Operations Forward reports. AssetLens is available on the web or self-hosted. Starter costs ₹10,000 a year for up to 370 assets. Growth is listed at ₹27 a year, billed per asset per year. Enterprise pricing is custom, and a 30-day free trial is available without a credit card.

Bassets eDepreciation tracks fixed assets and calculates depreciation for historical, current, and future periods. It manages costs, acquisitions, tax savings, transfers, and disposals, and supports calculations including MACRS, Alt MACRS, Declining Balance, Section 179 Deduction, and Adjustment to Basis. The software provides more than 20 standard reports, SQL report writing, and exports to Excel, Crystal, Adobe PDF, Word, and RTF. It can convert spreadsheets and data from other fixed-asset systems, and export records for General Ledger Accounting software. The vendor says it supports IFRS standards and updates systems for tax and compliance law changes. It runs on web and Windows with hybrid deployment. Compact costs $9.99 a month per user for up to 5,000 assets; Standard costs $19.99 a month per user for up to 20,000 assets and includes optional modules and state tax reporting; Enterprise costs $29.99 a month per user, with unlimited records and variable pricing based on asset volume. A 14-day trial has the full-featured version but is limited to 100 records. There is no free plan.