What is AssetAccountant?

AssetAccountant is cloud-based fixed asset depreciation and lease accounting software for Australian businesses. It automates ATO effective life lookups, tax and accounting depreciation calculations, AASB 16 and IFRS 16 lease accounting, and journal posting to your GL or ERP.

Does AssetAccountant support AASB 16 lease accounting?

Yes. AssetAccountant fully supports AASB 16 and IFRS 16 lease accounting, including finance leases, hire purchases, right-of-use assets, payment schedules, interest accruals, and lease modifications and terminations.

Does AssetAccountant use ATO effective life rates?

Yes. AssetAccountant automatically looks up ATO effective life rates for each asset class, eliminating manual research. Both prime cost and diminishing value methods are supported alongside accounting depreciation.

Does AssetAccountant integrate with Xero?

Yes. AssetAccountant has a native integration with Xero, as well as QuickBooks Online, Sage Intacct, and Microsoft Dynamics 365. Journal entries sync directly to your GL with one click.

Is there a free trial?

Yes. AssetAccountant offers a 30-day free trial with no credit card required. Free implementation support is included from day one of your trial.

Who uses AssetAccountant?

AssetAccountant is used by Australian corporations, SMEs, and accounting firms managing fixed asset registers and lease schedules. Clients include PwC, Grant Thornton, Baker Tilly, and organisations across healthcare, real estate, manufacturing, hospitality, and more.

Case Study

FamilyCore, Illinois, USA

FamilyCore is a mental health service committed to helping individuals and families strengthen their lives through a variety of services in Illinois, USA.

Challenges

With ProSystem Fixed Assets

Stored by external accounting firm

No capability to create timely updates

Unable to update accounting software based on reporting dimensions

Advantages

With AssetAccountant™

Easy-to-manage cloud-based software run internally

AA easily became part of the overall accounting system

Ability to create useful and timely reporting

Ability of forecasting

This is great software that enhances the abilities of our fiscal team in managing the financial aspects of capital assets and depreciation. Dan Bender, Chief Financial Officer – FamilyCore

About FamilyCore

FamilyCore is a social service non-profit organization in central Illinois that instils hope by creating the right balance of resources and care to foster and equip healthy productive children and families.

After recently passing our 120th year of service in the community, we aim to strengthen families for a stronger community.

Mission: Instilling hope by creating the right balance of resources and care to foster and equip healthy productive children and familiesWe create, design and optimise assets and infrastructure to make everyday better for our clients and communities.

We are able to maintain, reconcile, and forecast our capital assets with greater efficiency and accuracy in a cloud-based environment that saves valuable time.