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AssetAccountant™ Features
& Functionality

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.

CORE FEATURES

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

DATA ENTRY

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

JOURNALS

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 

REPORTS

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

DEPRECIATION RULES

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

POOLS

Simplified depreciation rules for small businesses

Small Business Pool

Low-Value Pool

Software Pool

Project Pools
COMING SOON

INFRASTRUCTURE AND SECURITY

Extensibility.  Maintainability.  Interoperability.  Portability.

API-Driven and Integration Ready

Cloud-Based, Secure, Scalable Architecture

ISO27001 Certified Company

Unlimited Users

INTEGRATION

AssetAccountant™ integrates with the following software

Intuit QuickBooks Online

TaxLab
PENDING

MYOB
COMING SOON

Xero
COMING SOON

ASSET GROUP VIEW

ALL ASSETS VIEW

SETTING UP A NEW ASSET

INDIVIDUAL ASSET VIEW

LOW-VALUE POOL TRANSFERS

Questions?

Call us on 1300 984 378 or email info@asset.accountant

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