Practical matters in fixed asset management

Managing fixed assets and calculating depreciation

Sounds pretty straightforward, right?

You buy an asset and write it off over its useful life using a method prescribed either by your own accounting policies or the relevant tax authorities.

Well, in practice, whilst this may sound simple, there are lots of real life day-to-day examples of events that occur which can complicate these matters considerably.

At AssetAccountant™, we make it our mission to make managing these events as easy as possible.

Some examples and the kinds of functionality we provide are set out below:

Partial disposals

Components

Image of a Beca Group Team Member

It’s amazing we calculated this year’s depreciation in just a matter of minutes!

Veenith Singh - Group Finance Operations Manager, Beca Group

Second element of cost

Work in progress/assets under construction

Different cost basis for book and tax

AssetAccountant™ is free to use or trial (ALL features)
for up to 10 assets

Fixed asset depreciation - automated

YOU MAY ALSO ENJOY THESE ARTICLES:

AssetAccountant™
Australia/ New Zealand

Contact us to learn more about AssetAccountant™ & how it can help you master asset depreciation

P (+61) 1300 984 378

E info@asset.accountant

How can we help you?

See a series of short videos at the demo video hub, or contact us for a custom demo:

  • Hidden