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Fixed asset accounting is a tedious, but necessary chore
Spreadsheets are error prone and not fit for purpose
GLs and ERPs have limited support for depreciation
Journaling can be incredibly laborious
Trouble-shooting errors can consume days
Tax rules are complex and constantly changing
Significant compliance risk awaits those that get it wrong
Accounting standards are incredibly dense
Staying across IFRS is a huge challenge
Keeping records for both tax and accounting makes things harder
Wouldn’t it be great if this could all be automated?
Easy data conversion from your GL or spreadsheet
Integration with Xero, QuickBooks, Sage, Dynamics and more
Automatic detection of new fixed assets
Automated fixed asset depreciation software calculations
Detailed reports and journals for posting to your GL / ERP
In-depth tax treatment and IFRS compliance
Tax and accounting fixed asset depreciation side by side
Maintaining leases in spreadsheets is onerous
Endless hours get wasted generating manual journals
Bank reconciliations are especially painful
Staying compliant with IFRS 16 feels like a full time job
Working out refinancing and terminations can be mind-bending
Automate Finance Leases, Hire Purchases and Right of Use assets
Generate payment schedules effortlessly
Stay on top of current / non-current interest and liability
Create granular journals for easy bank reconciliation
Manage refinance events, terminations and multiple assets per lease
Say goodbye to spreadsheets forever
Cost (from)
A$0/month
Free Practice Subscription
Trial
Partner Program
Support Channels
Mobile Platforms
Accounting Platforms
Integrations
N/A
Geographies Served
Australia
Canada
USA
Industries
Categories
Cloud-based, API-first platform
Unlimited users – share data across offices
Performs at scale – manage thousands of client registers from a single interface
Single Sign On (SSO) capable
Integrated with leading GLs and ERPs
ISO27001 certified
Private infrastructure available
IFRS depreciation coverage:
Straight line / prime cost, declining balance / diminishing value, units of use, immediate treatments
Revaluations and Impairments
Adjustments and Reassessments
Components and works in progress
Partial acquisitions and disposals
IFRS 16 leasing coverage:
Finance lease, operating lease and hire purchase agreements
Lease opening balances
Lease terminations
Lease refinancing and adjustments
Multiple assets per lease
Standard tax methods including:
Straight Line / Prime Cost
Declining Balance / Diminishing Value
Immediate treatment
Equal months depreciation
Unequal months depreciation
Accounting and tax calculations, side by side
Depreciation and leasing calculations, side by side
Depreciation and lease liability forecasting
‘Dimensions’ support (eg Profit Centres, Locations, Departments – user defined)
Bulk operations (acquisitions, disposals, revaluations, reassessments and more)
Consolidated reporting
Granular journaling to facilitate bank reconciliations
Attachments and Custom Fields
Free to use for a single client fixed asset register with up to 10 assets
Unlimited users / seats
Low, monthly subscriptions for accounting firms with less than 100 client fixed asset registers
Volume-based annual pricing (POA) for accounting firms with more than 100 fixed asset registers or very large fixed asset registers.
Some details on this page are subject to change. If you see something wrong please contact us here.
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