Automated Sage Intacct workflows for South Africa
| Capability | Sage Intacct SFAM (Fixed Assets) |
Sage Intacct Lease Accounting |
AssetAccountant | Verdict / Notes |
|---|---|---|---|---|
| Fixed Assets — IFRS & Accounting Standards | ||||
| Revaluations (IAS 16) | Not supported — AP adjustments only (confirmed live). | — | Supported, including bulk revaluations. | ✓ AA Leads Confirmed on live 2026 R1 instance. |
| Impairments (IAS 36) | Not supported (confirmed live). | — | Supported, including bulk impairments. | ✓ AA Leads Confirmed on live instance. |
| GAAP vs IFRS book option | No GAAP/IFRS switch; full revaluation model absent. | — | Explicit GAAP vs IFRS option on accounting books. | ✓ AA Leads Confirmed on live instance. |
| Reassessments | Not documented or observed on live instance. | — | Supported, including bulk reassessments. | ✓ AA Leads |
| Prior period adjustments | Not explicitly supported. | — | Supported. | ✓ AA Leads |
| Fixed Assets — Tax Depreciation | ||||
| United Kingdom (HMRC) | Not supported. No capital allowances content. | — | Full HMRC content: WDA, AIA, FYA, SBA — maintained annually. | ✓ AA Leads Confirmed on live instance. |
| South Africa (SARS) | Not supported. No SARS-specific content. | — | Full SARS content: s11(e), s12C, Wear & Tear — maintained annually. | ✓ AA Leads Confirmed on live instance. |
| Other international | US tax depreciation only (confirmed on live instance). | — | Moderate content for additional jurisdictions. | ✓ AA Leads |
| Fixed Assets — Depreciation Methods | ||||
| Multi-book depreciation | Supported — financial and tax books in parallel (confirmed live). | — | Supported, with different cost bases and dates per book. | ~ Comparable |
| Standard methods (SL, DV) | Straight-line, declining balance, sum-of-years. | — | DV, SL, immediate, intangible amortisation. | ~ Comparable |
| Units-of-use / activity | Not observed or documented. | — | Supported. | ✓ AA Leads |
| Non-monthly periods | Not explicitly supported. | — | Supported. | ✓ AA Leads |
| Reversals | Not documented. | — | Supported. | ✓ AA Leads |
| Fixed Assets — Asset Record & Data Model | ||||
| Custom fields | None — confirmed absent on live instance. | — | Unlimited custom fields per asset. | ✓ AA Leads Confirmed on live instance. |
| Attachments | Single attachment field per asset (confirmed live). | — | Unlimited attachments per asset. | ✓ AA Leads Confirmed on live instance. |
| Asset classifications | Fixed set with GL mapping. | — | Unlimited, flexible classifications. | ✓ AA Leads |
| Core asset fields | Asset ID, name, serial number, dates — confirmed. | — | Equivalent core fields. | ~ Comparable |
| Audit trail | Timestamped, integrated with Intacct audit log. | — | Full audit trail of all changes. | ~ Comparable |
| IFRS 16 Lease Accounting | ||||
| IFRS 16 compliance | — | IFRS 16 compliant — ROU asset and lease liability recognised on balance sheet. | IFRS 16 compliant — separately priced add-on within the same platform as fixed assets. | ~ Both / AA Platform Advantage AA advantage: fixed assets and leases in one platform with shared GL mapping. |
| ROU asset & liability | — | Automated calculation with current/non-current split. | Automated calculation with current/non-current split. | ~ Comparable |
| Payment schedules | — | Automated — interest and principal split. | Built-in interest calculator; manual entry also supported. | ~ Comparable |
| Refinancing & termination | — | Supported. | Supported. | ~ Comparable |
| Asset finance loans | — | Not confirmed in available documentation. | Supported — asset finance loans (hire purchase) handled natively with automated payment schedule. | ✓ AA Leads AA confirmed; Sage Intacct Lease Accounting not confirmed for this type. |
| Fixed assets + leases | Fixed assets only. | Leases only. | Both fixed assets and leases in one platform, one subscription. | ✓ AA Leads AA covers the combined scope in a single subscription. |
| Reporting & Forecasting | ||||
| Purpose-built FA reports | None observed — relies on Intacct Custom Report Writer. | — | Asset summary, group summary, acquisitions, disposals. | ✓ AA Leads |
| Tax audit report | Not available. | — | Dedicated tax audit report. | ✓ AA Leads |
| Depreciation forecasting | Per-asset schedule only. No portfolio-level forecasting. | — | 100-year portfolio-level forecasting. | ✓ AA Leads |
| Lease reports | — | Lease reporting within Sage Intacct Lease Accounting module. | Asset finance loan and lease reports built in. | ~ Comparable |
| User-defined reporting | Intacct Custom Report Writer — a genuine strength. | Intacct Custom Report Writer — a genuine strength. | User-defined report writer in development. | ● Sage Intacct Leads |
| Integration & Platform | ||||
| Sage Intacct integration | Fully native — no sync layer. | Fully native — no sync layer. | Dedicated integration — sync-based, not native. | ● Sage Intacct Leads Native modules have a structural advantage within Intacct. |
| Multi-entity | Full multi-entity via Intacct architecture. | Full multi-entity via Intacct architecture. | Multi-entity supported with consolidated reporting. | ~ Comparable |
| Number of modules needed | 1 (SFAM) | 1 (Lease Accounting) | 1 (covers both) | ✓ AA Leads AA covers the combined scope in a single subscription. |
Across all evaluated capability areas, using only verified sources.
| Outcome | # Areas | % of Total | What this covers |
|---|---|---|---|
| ✓ AssetAccountant Leads | 20 | 63% | IFRS, local tax depreciation, reporting depth, custom fields, attachments |
| ~ Broadly Comparable | 10 | 31% | Core depreciation, data model basics, multi-entity, audit trail |
| ● Sage Intacct Leads | 2 | 6% | Native Intacct integration, Custom Report Writer |
Get started today
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."
Read more
"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."
Read more
"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."
Read more
"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."
Read more
"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!"
Read more
"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."
Read more
"It's amazing we calculated this year's depreciation in just a matter of minutes!"
Read more
"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."
Read more
"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."
Read more
"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."
Read more
"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."
Read more
"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."
Read more
"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."
Read more
