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 modern user interface design, to greatly simplify the process of creating and maintaining fixed asset registers.
Priced to suit businesses and Accounting Firms of all sizes, AssetAccountant™ is currently available in Australia and New Zealand.
Say goodbye to complicated spreadsheets and desktop asset register software
Accounting & Tax Registers
Separate registers for both purposes
Reports
Comprehensive reporting for Accounts AND Tax
ATO Depreciation Methods
Incl. Div43, Luxury Vehicle, Prime Cost, DV, (see all below)
ATO Pools
Small Business Pool, Low-Value Pool, Software Pool
NZ IRD
NZ IRD Tax depreciation methods
GAAP Depreciation Methods
Generally Accepted Accounting Principles
Capital Gains Tax
Assets used at some time for non-taxable purposes
Exact Depreciation Values
Automated depreciation calculation engine
Future Depreciation Projections
At both Group and Asset level
Audit Activity
Audit trail of user entries and activity
Hire Purchase & Leasing Engine
COMING SOON
Flexible and intuitive data entry via a carefully designed interface
Import Data
Easily import opening balances and purchases from Excel
Simple Asset Functionality
Purchase, first use, opening balance, disposals
Advanced Asset Functionality
Transfer to pools, reversals, taxable use declarations
Unlimited Asset Groups
Create and maintain unlimited asset groups
Asset Variations
Reassessments of useful life, self-assessments
Capital Allowance Classification
System for low-value pools
Reporting Group Classification
Consolidated for accounting
Audit Data Entry
Auditing of all data-impacting activity
Asset Components
Split assets
COMING SOON
Opening/Closing Balance Adjustments
COMING SOON
Valuations
COMING SOON
Bulk Asset Register Updates From Excel
COMING SOON
Accurate depreciation journals either by integration or exporting consise reports
Automated Journal Creation
Immediate journal posting via our integrations
Adjustment Journals
Balance sheet and income statement up-to-date
Mapping Journals
Map journals to General Ledger Chart of Accounts
Post Journals
Post journals directly to General Ledgers
Export Journals to Excel
Export entries for your mapped accounts
Reporting functionality and exporting data
Asset Summary report
Asset Group Report
Asset Transaction Report
Asset Schedule
Acquisitions & Disposals
Depreciation Forecasts
Export Reports to Excel
Export Reports to PDF
In compliance with the ATO & IRD’s general depreciation rules guidelines
Diminishing Value
Depreciate assets more in the early years of effective life
Prime Cost
Depreciation uniformly over an asset’s effective life
Luxury Motor Vehicle
Diminishing Value & Prime Cost methods
BBI Accelerated
Backing Business Investment accelerated depreciation
Immediate
Immediate / instant asset writeoff
Division 43
Capital works allowance a.k.a building writeoff
Blackhole Expenditure
s40-880, Costs of setting up or ceasing a business
Intangibles
Self-assess EL with the asset’s actual economic benefit
ATO TR 2019/5 Effective Life Lookup
COMING SOON
NZ IRD265 Rate Lookup
COMING SOON
Primary Production Methods
COMING SOON
Simplified depreciation rules for small businesses
Small Business Pool
Low-Value Pool
Software Pool
Project Pools
COMING SOON
Extensibility. Maintainability. Interoperability. Portability.
API-Driven and Integration Ready
Cloud-Based, Secure, Scalable Architecture
ISO27001 Certified Company
Unlimited Users
AssetAccountant™ integrates with the following software
Intuit QuickBooks Online
TaxLab
PENDING
MYOB
COMING SOON
Xero
COMING SOON
