AssetAccountant for New Zealand corporations

We take depreciation and leasing seriously

We undertake detailed modelling of fixed asset depreciation and lease calculation rules for both accounting and tax.

We monitor changes to IRD tax rulings and accounting standards like IFRS 16 so you don’t have to.
And, of course, we are ISO27001 certified.

Ask us anything

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Architected to meet the expectations of large corporations / multinationals in New Zealand:

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Deep coverage of depreciation and leasing concepts:

Built for efficiency - automation of complex functionality:

Ask us about a demo

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Ask us about pricing

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Why our clients love Asset Accountant

Greg Singh Group Tax Manager, Whitehaven Coal Limited
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Greg Singh image

“Up until 2021 we had been using Excel spreadsheets to calculate and manage fixed asset tax depreciation for the group's registers, which was not sustainable. To address this and to implement automation of the process, we researched solutions offered in the market, including by the large accounting firms and specialist software providers. After thoroughly vetting AssetAccountant as a vendor, testing the software and its calculations, and reviewing the company’s data security, we committed to implement the software for all tax fixed asset registers for the Whitehaven Coal group. Since implementation we have been very satisfied with the decision. The software is intuitive, robust, easy to use, and accurate. AssetAccountant’s commitment to ongoing development of the product's features has also been impressive.”

Sharon Hughes CFO, Buildsafe
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Sharon Hughes image

"After being introduced to AssetAccountant in 2020 by PriceWaterhouseCoopers, I carefully reviewed the software's functionality to suit our complex fixed asset depreciation and lease accounting requirements. For example Buildsafe acquires, disposes and writes off thousands of assets including partial transactions. We also need flexible reporting and detailed journals. I have found the software to be enterprise standard, robust and precise. The software is a very elegant blend of beauty and smarts. The ongoing support, product development and assistance has been responsive and reliable. An amazing team and product. Thank you."

John Smith CFO & Company Secretary, Dateline Resources Ltd
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John Smith image

"AssetAccountant (AA) has produced the ultimate Fixed Asset Management System. AA integrates seamlessly with Xero and produces reports that satisfies any auditor with easy to trace transactions that are verifiable. The real hidden gem is their Lease Accounting facility which takes all the heartache and time consuming issues out of AASB16. Fantastic product - has literally saved me hours of work."

Suzanne Walker Director, Clear Path Accounting
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Suzanne Walker image

"We love using AssetAccountant. The time savings for every client’s depreciation entries means not only is profit increased on every job, but our additional team capacity can be directed to more valuable work. There is literally no risk in the investment of AssetAccountant fixed asset depreciation software."

Chris J Emerson CPA Emerson Consulting Services LLC
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Chris J Emerson CPA image

"Big Boy Jocks On.... Ever wanted the big company fixed asset system without all the clunkiness and overthinking on the part of the software developers (I'm looking at you Thomson Reuters...)? Well then you need AssetAccountant. It provides just the right mix of complex depreciation calculations and beautiful user interface. It's a system designed by accountants and executed perfectly by developers. The integration is seamless with Xero (you can sign into AA with Xero credentials which is awesome if you are already running Xero on your browser) and journaling synchs are very flexible between the two applications. Then there is the price. I challenge you to find a more robust fixed asset system at these price points. Well done AssetAccountant. You get me. I now have my big boy jocks back on for fixed asset management....and they fit!"

Marco Abril Financial Controller, TPM Builders
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Marco Abril image

"From the initial contact with the team at AssetAccountant to the final implementation, we have received prompt and positive responses. The effective support service and continuous improvement makes AssetAccountant a product highly recommended to a wide variety of industries as well as to accounting firms."

Veenith Singh Group Finance Operations Manager, Beca Group
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Veenith Singh image

"It’s amazing we calculated this year’s depreciation in just a matter of minutes!"

Con Kirgianis Finance Manager, KWP!
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Con Kirgianis image

"Our organisation was looking for a standalone cloud-based fixed asset register that could calculate depreciation for multiple companies. AssetAccountant was a perfect solution that removed the need for tracking assets and calculating depreciation through spreadsheets.

The team at AssetAccountant were very responsive throughout the implementation process. The system is straightforward to use and has various options for both asset tracking and depreciation to make it suitable for most organisations."

Matt Pisarski Global Business Development, Intuit QuickBooks
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Matt Pisarski image

"Now that AssetAccountant is in our app store, our customers and sales team have a cloud option for fixed asset depreciation which has a strong integration with QuickBooks Online."

Kim Stanton Chief Financial Officer, Hardy Aviation
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Kim Stanton image

"After years of “paying a premium” for our Asset Management, we decided to go in-house. More than impressed with the ease and capability of the software, and the staff were a pleasure to deal with from go to whoa. Fabulous to have monthly reporting, as opposed to annual as well."

Alan FitzGerald Founder, Practice Connections
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Alan FitzGerald image

"I have seen a lot of niche products come and go but the one constant has been the lack of a decent fixed asset register. I was recently invited to see the latest incarnation and it did not disappoint. I am confident that both accounting firms and corporate clients will be lining up to use it – I have already been extolling the solutions’ virtues."

Elspeth Mildren Accountant, Lawson Grains
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Elspeth Mildren image

"We initially came across AssetAccountant when researching potential replacements for the Xero asset register. AssetAccountant sparked our interest due to its ability to easily and transparently forecast depreciation, transfer assets between sites, revalue assets and asset part disposals. The AA team have been extremely helpful which has provided us with confidence in the product, we look forward to exploring additional features to find more efficiencies in our processes."

Leanne Spiteri Founder, Virtue Private Advisory
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Leanne Spiteri image

"We highly recommend the use of AssetAccountant. Our clients benefit immensely from accurate asset register records, making spreadsheet accounting (and typical errors) a thing of the past. We can easily maintain tax and accounting registers providing our clients with accurate and meaningful information. AssetAccountant is a breeze to use, and we love that it integrates with QBO and Xero."

FAQs

What is fixed asset depreciation in New Zealand?
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Fixed asset depreciation in New Zealand refers to the gradual reduction in the value of a company's tangible assets, such as equipment, vehicles, or buildings, over time due to wear and tear. This process allows corporations to account for the declining value of assets in their financial statements, following New Zealand accounting standards.

How are lease calculation rules applied in New Zealand?
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Lease calculation rules in New Zealand are governed by accounting standards like NZ IFRS 16. These rules determine how corporations should record lease obligations on their balance sheets. Under these standards, most leases must be recorded as both assets and liabilities, reflecting the company’s right to use the asset and its obligation to make payments.

Which accounting standards govern fixed asset depreciation in New Zealand?
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Fixed asset depreciation in New Zealand is primarily regulated by NZ IAS 16, which outlines how to account for the depreciation of property, plant, and equipment. This standard specifies methods for calculating depreciation, ensuring that assets are depreciated systematically over their useful life.

What are the most common methods for calculating fixed asset depreciation in New Zealand?
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Corporations in New Zealand typically use either the straight-line method or the diminishing value method. The straight-line method depreciates assets evenly over their useful life, while the diminishing value method applies higher depreciation in the early years, reflecting the faster loss in asset value during that period.

Are there specific lease accounting requirements for corporations in New Zealand?
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Yes, corporations in New Zealand must comply with NZ IFRS 16, which requires leases to be recorded as both assets and liabilities. This accounting standard ensures that lease obligations are transparent, helping companies manage their lease arrangements and reflect them accurately in financial statements.