Automate Fixed Asset Depreciation

Maximise Tax Deductions

Does your accounting system calculate depreciation for accounting purposes but not for tax?

Do you have to manage your tax depreciation outside your core systems, often in spreadsheets?

AssetAccountant™ is an alternative that offers:

Hex Nut White Icon
Automatic calculation of depreciation by month, quarter or year
Rectangle with Arrow Pointing Down White Icon
Automated imports of purchases and disposals
Tax Paperwork and Percentage Sign White Icon
Maintenance of ATO/IRD rules so your assets are always given the latest treatment
Timer White Icon
Access to lookup tools for tax treatments to save you time
Arrow and Lines White Icon
Forecast reports out up to 100 years
Building and People White Icon
Shared access with your 3rd party advisers
Thumbs Up in Circle White Icon
Workflow management with approval of depreciation settings
Contract and Pen White Icon
Automated first pass selection of tax depreciation treatments for review
Magnifying Glass White Icon
Standard outputs for corporate tax software such as Taxlab and CCH Integrator

How AssetAccountant™ can help

AssetAccountant™ is a cloud-based depreciation engine
that can be used for accounting and/or tax depreciation of fixed assets.

In the case of tax only depreciation, you can use AssetAccountant ™ as follows:

Implement and validate opening balances

AssetAccountant™ can automatically import existing fixed asset and depreciation details keeping the implementation process as simple as possible. Upon import, you can also confirm your existing treatments and calculations have been set up correctly.

Month end process

Once AssetAccountant™ has been set up, the new month end process for keeping your tax depreciation calculations up to date is as simple as follows:

  • Import additions from your accounting data
  • Classify your additions for tax treatment in bulk, via automated selections and with approval processes and a full audit trail
  • Import your disposals from accounting data
  • Validate the automated matching performed by AssetAccountant™

Quarterly/Annual reporting process

With the above setup, your reporting data for tax depreciation is available at the touch of a button at any time.

Maximise deductions

Models ATO & IRD tax rules precisely with integrated rate/life lookup functionality. Leave no deductions on the tax collector's table.

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


Contact us to learn more about how  AssetAccountant™ will automate fixed asset depreciation for tax.

We can arrange a Discussion, Demo and/or a Free Trial

P (+61) 1300 984 378