Question 1

What is AssetAccountant?

Accepted Answer

AssetAccountant is cloud-based fixed asset depreciation and lease accounting software for US businesses. It automates IRS useful life lookups, MACRS and other depreciation calculations, ASC 842 and IFRS 16 lease accounting, and journal posting to your GL or ERP.

Question 2

Does AssetAccountant support ASC 842 lease accounting?

Accepted Answer

Yes. AssetAccountant fully supports ASC 842 and IFRS 16 lease accounting, including finance leases, right-of-use assets, payment schedules, interest accruals, and lease modifications and terminations.

Question 3

What depreciation methods does AssetAccountant support?

Accepted Answer

AssetAccountant supports MACRS, straight-line, declining balance, sum-of-years digits, units of use, and more. IRS useful life is auto-populated for each asset class, eliminating manual lookups.

Question 4

Does AssetAccountant integrate with QuickBooks?

Accepted Answer

Yes. AssetAccountant has a native integration with QuickBooks Online, as well as Xero, Sage Intacct, and Microsoft Dynamics 365. Journal entries sync directly to your GL with one click.

Question 5

Is there a free trial?

Accepted Answer

Yes. AssetAccountant offers a 30-day free trial with no credit card required. Free implementation support is included from day one of your trial.

Question 6

Who uses AssetAccountant?

Accepted Answer

AssetAccountant is used by US corporations, SMEs, and accounting firms managing fixed asset registers and lease schedules. Clients include PwC, Grant Thornton, Baker Tilly, Ralph Lauren, Wikimedia Foundation, and organisations across healthcare, real estate, manufacturing, and more.

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