Manage ASC 842 right-of-use assets, operating and finance leases, and fixed assets — all in one system.
Unlease hell!
Product overview
AssetAccountant is lease accounting software that brings right-of-use assets, lease liabilities and fixed asset management together in one system. Built for ASC 842, it covers the lessee side of your leases — no separate lease spreadsheets required.
Keep every lease in one structured place.
Calculate and track ROU asset balances across the lease term.
Calculate lease liabilities and track their current and non-current portions, with gross and net liability balances.
Prepare and post lease journals, including interest expense and current/non-current movements, through supported integrations.
Set up a payment schedule and incremental borrowing rate, to build the initial right-of-use asset and lease liability, then calculate interest across the term.
When the lease term changes update the payment schedule and incremental borrowing rate -- the related right-of-use asset and lease liability adjust with them.
Capitalise restoration costs into the ROU asset and unwind the obligation over the lease term,
Produce lease liability, ROU movement and interest expense reports to support your ASC 842 disclosures, with PDF and CSV export.
Handle refinancing, index and rate adjustments, and terminations, — including bulk changes across multiple leases.
Handle operating and finance leases and other supported lessee-side asset-finance arrangements.
Handle multiple assets under a single lease.
Track every change to a lease, with a full history of who changed what and when.
Who it is for
One system
When leases and fixed assets are managed in separate systems, finance teams may need additional reconciliation and duplicate data entry. AssetAccountant brings lease accounting and fixed asset management into one system, giving finance teams a clearer view of right-of-use assets, lease liabilities and the wider fixed asset register — without maintaining separate spreadsheets and disconnected records.
Supported standards
Under ASC 842, most Operating and Finance leases are recognized on the balance sheet as a right-of-use asset and lease liability. AssetAccountant supports lessee-side workflows for managing these balances, schedules, journals and subsequent lease changes in one system.
Create the lease liability and right-of-use asset from the payment schedule and applicable interest rate.
Track interest, current and non-current liability balances, payments and right-of-use asset movements across the lease term.
Manage modifications, remeasurements, index and rate adjustments, and terminations, with reports that support your disclosures.
AssetAccountant also supports IFRS 16 for organizations with reporting requirements in other markets.
Integrations
Review and post lease journals through supported accounting integrations. Available import, posting and synchronization workflows vary by integration.
CLIENT TESTIMONIALS
From Big 4 firms to solo accountants, public company CFOs to corporate finance teams;
— here’s what they say about our fixed asset depreciation and lease accounting software:
"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."
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"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."
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"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."
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"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."
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"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!"
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"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."
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"It's amazing we calculated this year's depreciation in just a matter of minutes!"
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"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."
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"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."
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"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."
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"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."
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"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."
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"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."
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Plans
Explore AssetAccountant plans for your team — whether you manage your own leases and fixed assets or handle them across multiple clients.
Manage your own leases and fixed assets in one system, with plans that scale from small businesses to large corporates.
Compare business plans →Handle leases and fixed assets across all your clients from a single firm-wide account, with pricing built for practices.
Compare accounting firm plans →FAQ
Start a free 30-day trial, or request a demo to see how AssetAccountant can support your ASC 842 lease accounting workflow.
Still evaluating your options? Read our guide on how to choose ASC 842 lease accounting software.
