A register that depreciates itself.
Every asset held in a register with its cost, method and useful life, depreciation runs that post journal entries automatically, and disposals that record the gain or loss.
- Straight-line or declining balance
- Automatic depreciation journals
- Disposals with gain or loss
What fixed assets covers.
Asset register
Assets with class, cost, acquisition details and depreciation settings.
Straight-line depreciation
An equal charge over the asset's useful life.
Declining-balance depreciation
A charge that reduces as the asset ages, chosen per asset.
Automatic depreciation journals
Each depreciation run posts its journal entries to the ledger.
Depreciation log
Any figure traced back to the run that produced it.
Disposals and gain or loss
Assets leave the register with the gain or loss on disposal recorded.
How it flows.
Acquire
Asset recorded
Register
Method and life set
Depreciation run
Charge calculated
Journal posted
Ledger updated
Disposal
Gain or loss recorded
Fixed Assets questions.
Something else? Ask us or call +1 917 764 9587.
How are disposals handled?
Assets leave the register through the asset record rather than by deleting history, and the gain or loss on disposal is recorded.
Can we bring an existing register in?
Yes. The register is set up during onboarding from your existing asset list, with the accumulated depreciation carried in as the starting point for the first run.
Related modules.
See it against your own books.
Tell us how your books are kept today and who needs access, or call +1 917 764 9587.