Bassets eDepreciation
Bassets eDepreciation is a specialized fixed asset management software designed to simplify complex depreciation calculations and ensure tax compliance for businesses of all sizes through automated reporting.
LiveKeeping
LiveKeeping is a mobile-first financial management application that integrates with Tally ERP to provide real-time access to your accounting data, reports, and business analytics from anywhere.
Quick Comparison
| Feature | Bassets eDepreciation | LiveKeeping |
|---|---|---|
| Website | bassets.net | livekeeping.com |
| Pricing Model | Custom | Subscription |
| Starting Price | Custom Pricing | $208/month |
| FREE Trial | ✓ 30 days free trial | ✓ 7 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2001 | 2018 |
| Headquarters | Englewood, USA | Ahmedabad, India |
Overview
Bassets eDepreciation
Bassets eDepreciation provides you with a dedicated platform to manage the entire lifecycle of your fixed assets. Instead of struggling with complex spreadsheets, you can automate depreciation calculations using over 20 standard methods, including MACRS, GAAP, and AMT. The software ensures your financial records remain accurate and compliant with current tax laws by providing pre-configured tables and automated updates.
You can easily track asset acquisitions, transfers, and disposals while generating detailed reports for internal audits or tax filings. The platform is designed to handle high volumes of data, making it suitable for both growing businesses and large enterprises with thousands of assets. By centralizing your asset data, you eliminate manual entry errors and save significant time during year-end closing processes.
LiveKeeping
LiveKeeping is a mobile application designed to bridge the gap between your office-based Tally ERP and your need for mobile data access. It syncs your financial data securely to your smartphone, allowing you to view ledgers, stock status, and sales reports without needing to be at your desk. You can track your business performance through intuitive dashboards that simplify complex accounting figures into actionable insights.
The platform helps you stay on top of your cash flow by providing instant notifications for payments and receipts. You can also create and share digital invoices or outstanding reminders directly with your clients via WhatsApp or email. It is built for business owners who use Tally but require the flexibility to manage their finances while traveling or meeting with stakeholders.
Overview
Bassets eDepreciation Features
- Automated Depreciation Calculate depreciation automatically across multiple books including Federal Tax, AMT, and State using built-in IRS tables.
- Mass Asset Imports Upload thousands of asset records instantly from Excel or CSV files to get your system running in minutes.
- Standardized Reporting Generate professional reports for Form 4562, personal property tax, and general ledger entries with a few clicks.
- Asset Tracking Monitor the physical location and status of your equipment to prevent loss and improve organizational accountability.
- Compliance Updates Stay current with changing tax laws through regular software updates that include the latest depreciation limits and rules.
- Data Validation Catch entry errors before they affect your books with built-in logic that flags inconsistent asset life or methods.
LiveKeeping Features
- Real-Time Tally Sync. Sync your Tally ERP data automatically to your mobile device so you always have the most current financial figures.
- Business Dashboards. View your sales, purchases, and expenses through visual charts that give you a high-level overview of your business health.
- Outstanding Management. Track pending payments by customer and send automated reminders via WhatsApp to speed up your collection process.
- Digital Invoicing. Create and share professional GST-compliant invoices directly from your phone to close deals faster while on the move.
- Stock Tracking. Check your inventory levels across different godowns in real-time to ensure you never miss a sale due to stockouts.
- Data Security. Protect your sensitive financial information with end-to-end encryption and secure login protocols that keep your Tally data safe.
Pricing Comparison
Bassets eDepreciation Pricing
LiveKeeping Pricing
- 1 Tally Serial Number
- Unlimited Companies
- Real-time Data Sync
- Sales & Purchase Reports
- WhatsApp Integration
- Check-in/Check-out features
- Everything in Individual, plus:
- Additional user access
- Advanced data permissions
- Priority customer support
- Enhanced analytics
- Multi-device login
Pros & Cons
Bassets eDepreciation
Pros
- Handles high volumes of assets without performance lag
- Calculates complex tax depreciation methods with high accuracy
- Excellent customer support with deep accounting knowledge
- Simple data migration from legacy spreadsheet systems
Cons
- Interface feels dated compared to modern web apps
- Initial setup requires a solid understanding of depreciation
- Reporting customization can be difficult for new users
LiveKeeping
Pros
- Seamless integration with existing Tally ERP setups
- User-friendly interface that simplifies complex accounting data
- Fast WhatsApp sharing for invoices and reminders
- Reliable real-time notifications for new transactions
Cons
- Requires Tally to be running for data sync
- Occasional sync delays during heavy data loads
- Limited advanced editing capabilities compared to desktop