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


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 for up to 25 assets.

Depreciation calculations and journals for both tax and accounting methods is made easy

  • AssetAccountant™ is a comprehensive cloud-based fixed asset register for managing depreciation developed by Accountants for Accountants.
  • AssetAccountant™ combines sophisticated interpretation of Tax and Accounting rules with a modern user interface design, to simplify the process of creating and maintaining fixed asset registers.
  • AssetAccountant™ is priced to suit accounting firms and businesses of all sizes.
  • AssetAccountant™ is currently available in Australia and New Zealand.


Graphic that Visualises that AssetAccountant is ISO27001 Certified

ISO27001 Certification

Who is ISO? ISO stands for International Organisation for Standardisation. It a non-governmental organisation formed by a network of standards institutes from 164 countries based

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Australia/ New Zealand

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

P (+61) 1300 984 378


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