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EAMbrace® CWIP Asset Management



  • If an asset is not complete at the time of preparing of balance sheet then all the cost incurred on that asset is terms as Capital Work in Progress (CWIP). CWIP account contains all the expense done on that asset which may include cost of raw material, transportation cost, labour cost etc. Once asset is complete all the expense incurred against that asset is taken as basic value and then that asset is capitalized.

  • CWIP Asset Management by EAMbrace® helps organization effectively manage their CWIP asset until completion. Once CWIP assets is termed as complete then assets gets automatically created with all the expense incurred taken as basic value to start depreciation.
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    Benefits

    • Track each CWIP separately
    • Track raw material required for CWIP as inventory or spares
    • Track raw material cost , transportation cost, labour cost against CWIP consumption
    • Automatic capitalization of CWIP when termed as complete
    • Complete CWIP report
    • CWIP asset consumption detail report
    • Inventory and spares management