Depreciation Calculation Helper 2025-26 for KSmart

  

Depreciation Calculation Helper - Video Tutorial

This video is about the Depreciation of assets of Local Self Government in Kerala. It describes how to calculate the depreciation using Depreciation Calculation Helper tool designed by Panchayath Help Desk. This tool is made for the use of Block Panchayaths and District Panchayaths only

This is very useful for Accountants in Panchayaths in Kerala. 

Depreciation Calculation Helper is a tool which helps accountants in Local Self  Government Institutions of Kerala to Calculate depreciation values of Assets. It incorporates Balance sheet of previous years to calculate the depreciation of each assets. This tool will be very helpful for Grama Panchayaths, Block Panchayaths, District Panchayaths, Municipalities and Corporations.

To Download

Depreciation Calculation Helper 2025-26 for KSmart 

CLICK HERE

To Download

Tool with Dummy Data only for fault finding 

CLICK HERE

See Also

Urban Saankhya Heads to KSmart Convertor with Verification Helper

This tool will help us to convert Saankhya Reports of Municipalites and Corporations to KSmart. Not only it helps to convert, it further helps to  verify the correctness of Coversion

Saankhya Heads to KSmart Convertor with Verification Helper

This tool will help us to convert Saankhya Reports of Grama Panchayaths, Block Panchayaths and Corporations to KSmart. Not only it helps to convert, it further helps to  verify the correctness of Coversion

ILGMS Heads to KSmart Convertor with Verification Helper

This tool will help us to convert ILGMS Reports of Grama Panchayaths to KSmart. Not only it helps to convert, it further helps to  verify the correctness of Coversion

Calculating depreciation is a highly complex aspect of submitting annual financial statements for local self-government institutions. To avoid this complexity, some attempt to finalize the figures using data from only the previous year. However, in accordance with Government Order No. G.O.(Ms) 212/2012/LSGD dated 06-08-2012, depreciation must be calculated based on an examination of records spanning up to 50 years.

We only have access to data from the 'Local Sankhya' software dating back to 2011. Errors may occur when migrating reports from Sankhya and ILGMS into K-Smart; therefore, it is necessary to verify the accuracy of the reports obtained after conversion.

For this purpose, Block and District Panchayats must export the balance sheets from Sankhya and K-SMART as of 31-03-2025 to Excel, while Urban Local Bodies must do so as of 31-03-2024. If these reports are pasted into the 'Saankhya Heads to KSmart Converter with Verification Helper' tool, a detailed report is generated. This report categorizes items into: those successfully converted with a match, those converted but without a match, heads that were not mapped for conversion, and heads visible in KSmart that were not converted from Saankhya. The mapping in the tool's mapper sheet must be adjusted to reflect the discrepancy between the closing balance in Sankhya and the opening balance in K-SMART for each local self-government institution.

Depreciation Calculation Helper 2025-26 for KSmart

Depreciation Calculation Helper is a tool which helps accountants in Local Self  Government Institutions of Kerala to Calculate depreciation values of Assets. It incorporates Balance sheet of previous years to calculate the depreciation of each assets. This tool will be very helpful for Grama Panchayaths, Block Panchayaths, District Panchayaths, Municipalities and Corporations.