AssetAccountant can help your business
Manage operations
- Manage fixed assets
Manage accounts, cash flow and finance
- Record keeping
- Manage taxes
Tasks for Accountants and Bookkeepers
- Manage data and documents
Overview
AssetAccountant is a powerful, cloud-based, fixed asset depreciation, lease and hire purchase calculation engine with worldwide jurisdictional support.
Saving you from spreadsheets since 2019.
Fixed asset depreciation:
- Easy data conversion from your GL or spreadsheet
- Deep integration with Xero
- Automatic detection of new fixed assets
- Automated fixed asset depreciation calculations
- Detailed reports and journals for posting to the GL
- In-depth international tax treatment (e.g. ATO, IRS, IRD, SARS, etc.)
- Accounting standards compliance: IFRS & US GAAP
- Tax and accounting fixed asset depreciation side-by-side
Lease accounting (IFRS 16 and ASC 842):
- 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 refinancing, termination and multiple assets per lease
- Say goodbye to spreadsheets forever
Powerful import tools will get you up and running in seconds.
And, after some effortless chart of accounts mapping, you'll be ready to post your first journal to Xero :)
30 day free trial, no credit card required. Free forever for up to 10 assets.
AssetAccountant + Xero
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. 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.
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, tracking categories)
- 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
Getting started
To get started with AssetAccountant, simply create an account by signing up with Xero. You'll be prompted to create a new fixed asset register. Then, visit 'Register Settings -> Integrations' and map your new Register to your Xero tenant.
Short step-by-step tutorials step by step video will guide you through the full setup process (includes Tracking Categories and Draft Assets).
Reviews & ratings
Sort and filter
Most recent reviews
TB
MA