Core modules
Fixed Assets
The asset register, depreciation, disposals and the asset schedule.
What matters in Fixed Assets.
Built for accountant and owner.
A register with book and tax basis
Each asset has a code, category, location, in-use date, cost, accumulated depreciation, carrying amount, book basis and tax pool.
One register serves the books and the tax computation.
Post depreciation each period
Depreciation is posted from the register, with a count of what is not yet posted.
Profit is not overstated and the register does not drift from the books.
A needs-attention list with reasons
Unposted depreciation, fully depreciated assets still held, assets with no location, and disposals this year, each with why it matters.
An asset with no location cannot be found at a physical count.
Disposals post gain or loss
Disposing of an asset records the gain or loss in the books.
No manual calculation at year end.
Assets feed the tax computation
The income tax computation adds back book depreciation.
Tax follows the asset register.
How it runs.
The usual path through Fixed Assets, from first entry to the books.
- 1Register the assetWith category and tax pool.
- 2Depreciate each periodPost from the register.
- 3Dispose when neededGain or loss is posted.
- 4Produce the scheduleNet block by class for the audit.
Reports and registers.
- Fixed Asset Schedule
- Asset register
- Needs-attention list
What the Work Desk tells you.
- Depreciation not yet posted
- Assets with no location recorded
Fixed Assets, at work.
The register, its key figures, and one entry acted on: the rest follows on its own.
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