AssetAccountant maps fixed asset registers to your Xero general ledgers allowing you to effortlessly calculate tax and accounting depreciation and IFRS 16 and ASC 842 compliant lease and hire purchase calculations and post regular journals back to Xero with one click.

AssetAccountant automatically detects assets added to your Xero Fixed Asset accounts and generates Draft Assets for you to review. And our tracking category support means that you can assign locations, profit centres or any other category to your assets.

Flexible mapping to your chart of accounts allows you to organise your fixed asset data in the way that makes the most sense to your business. And every AssetAccountant account is for unlimited users so you can share your fixed asset data effortlessly with your colleagues and advisers.

Detailed Functionality:

Fixed Assets:

• Acquisitions (full and partial)
• Disposals (full and partial)
• Reassessments
• Adjustments
• Taxable use
• Revaluations
• Impairments
• Classifications (e.g. cost centres)
• Custom fields (e.g. serial #s)
• Attachments
• Bulk actions (e.g. disposals, reassessments, revaluations)
• Components
• and more

Lease accounting:

• Finance leases
• Hire purchases
• Right of use assets
• Multiple assets per lease
• Terminations
• Refinancing
• Current / Non-current unexpired interest
• Current / Non-current liability
• Automated payment schedules
• and more