AssetsTrak vs Bassets eDepreciation

AssetsTrak is fixed asset management software for Indian businesses, with a central register that follows assets from purchase and capitalization through transfers, maintenance, retirement, and disposal. QR code, barcode, and RFID tagging support tracking and physical audits, including bulk label printing. Android and iOS apps can scan offline and sync queued scans when a connection returns. Approval workflows cover transfers, maintenance send-outs, and disposal; an audit trail records changes and attachments with timestamps. Its depreciation engine calculates schedules for Companies Act 2013 Schedule II and Income Tax Act block assets. Reports include CARO 2020 fixed asset statements and physical verification discrepancies, with Excel or PDF export. AssetsTrak is available as cloud SaaS or on-premise, including air-gapped deployments. The maker describes cloud infrastructure as SOC 2 compliant and says data is encrypted in transit using HTTPS/TLS 1.3. On-premise installations keep data within a private network and support Active Directory or LDAP SSO. Pricing is on request; a free live demo is available by request, with no trial period specified.

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.