AQIL MAGNUS Fixed Asset Management Software addresses both administrative and accounting needs as to maintaining fixed asset records. AQMA-AMS follows standard accounting procedure as defined by the Generally Accepted Accounting Principles (GAAP). The software maintains a database of fixed assets and automatically computes for depreciation expense (via straight-line depreciation method) and computes for the asset’s book value. The software also allows the user to properly assign the asset to a specific department/ employee / and even to a specific location for easy administrative handling. This asset assignment feature allows for the proper allocation of depreciation expense for accounting report purposes.

AQIL MAGNUS takes into account the asset’s date of purchase, asset life span (in months), salvage value, purchase price with or without the Value Added Tax (VAT Rate), before it computes for the depreciation expense per month.
AQIL MAGNUS has the 4 basic Asset Types (Equipment, Furniture, Leasehold Improvement, and Computers) and it offers the flexibility of further classifying assets with the Asset Class and Asset Subclass level of classification.
The software comes with 4 modules: System Module, Administrative, Accounting, and Reports Module.

• System Module – includes database customization commands, table set-up, User creation/password setting, plus other system-related functions.
• Administrative Module – includes Asset Record creation, Assignment of Assets to Departments/Employees/Location, Selling an Asset, and Writing-off an Asset.
• Accounting Module – includes depreciation expense and book value computations. Computations can be done in an aggregate level, at the department level, or at the employee level. Asset depreciation begins on the month following the asset’s date of purchased.
• Reports Module – includes built-in reports that list assets by company, by department, by employee, and by location.

AQIL MAGNUS has the following special features:

1. User Log-in/Log-out to determine access rights
2. User creation with built in User Types (Admin, Accounting Staff, Admin Staff)
3. Table purging to reset database contents
4. Built-in reports
5. Database/Record maintenance capabilities
6. Customizable codes to fit your asset tagging procedures
7. User-friendly and ready to use

For customization, AQIL MAGNUS can be modified to fit client’s specific needs. Examples of customizations may include: (a) changing the asset depreciation method;  (b) User Types customization; (c) Log-in/out monitoring; (d) additional reports; (e) color-customization; plus any other customization that the client may require.

We are currently offering a Trial Version for download which allows up to thirty (30) log-ins.  For the trial, please use USERNAME: User, Name  PASSWORD: password. Note that the application requires MS Access 2003 or higher to run.

DOWNLOAD AQMA-AMS NOW!

For comments, suggestions or further information regarding this product please contact:
EACOMM Integrated Solutions Division
11th Floor CyberOne Bldg.
Eastwood Cyberpark
Bagumbayan, Quezon City
Philippines, 1110
Tel: +63 2 438 2986
Fax: +63 2 912 6745
Email: solutions@eacomm.com

The Interview was conducted last April, 2008.

We are proud to say that the Philippines is now mentioned as one of the preferred sources of IT services world-wide. While our entry-point into the global market has been our low costs, we are increasingly gaining attention for our quality, reliability and expertise.

It is easy to understand why. The Philippines has a pool of qualified professionals, cited frequently as among the best in the world. Local companies are investing in aligning their processes with international standards. Our telecommunications infrastructure is among the most competitive in the region. Our business incentives, grown over several administrations, are designed to attract foreign investment. Our list of high-profile international clients continues to expand.

The industry’s impact on the economy can be further multiplied if we consider the trickle-down effect on other local industries. The IT Services companies and their employees have emerged as prime consumers for other goods and services

We are confident in our industry’s abilities to reach its targets and to further increase its contribution to the economy. However, we cannot do it alone. A concerted effort among all stakeholders is required. We have to make sure that our schools produce enough graduates for us to hire. We have to make sure that government policies are in place to attract and retain investors. We have to make sure that we maintain an environment where Filipino professionals are given progressive opportunities to enhance their skills, careers & standards of living without the need to leaving our country.

We also have to make sure that our foreign customers and partners have the assurance that our ability to fulfill their requirements is not compromised or disrupted because of an unstable external environment.

We know that our business fundamentals as an industry remain strong. We have withstood all kinds of crises in the past. But, in our business, the perception of continuity and reliability is a key consideration. The global market is sensitive to isolated local incidents and can interpret these out of proportion.

We respect every party’s right to voice an opinion. Our industry has been, and will continue to be, an active participant in promoting transparency and good governance in our society. However, while there are national issues that cannot be ignored and need to be resolved, our call is for everyone to proceed with rationality, sobriety, responsibility and consideration. We have processes in place, let us use them and improve on them where necessary.

The Philippine IT Services industry provides an opportunity for the country to achieve long-term economic growth and stability. Let us not waste the opportunity. No less than 1,000,000 jobs depend on it.

Signed:

Animation Council of the Philippines, Inc. (ACPI)
Business Process Outsourcing Association of the Philippines (BPOAP)
Medical Transcription Industry Association of the Philippines (MTIAPI)
Philippine Software Industry Association (PSIA)

IT Services and Electronics Division
CITEM
Tel: 632-8325044
Fax: 632-8323965
URL: www.e-servicesphils.com

EACOMM Corporation is an active member of the Animation Council of the Philippines and a long time supporter and partner of the CITEM and its Annual E-Services Exhibition