A fixed asset register that follows each asset through its life
Assets are capitalised into classes, depreciated in period runs, transferred, maintained, verified, revalued or impaired, and disposed of — each step recorded and posted, with South African wear-and-tear allowances kept beside the accounting.
Who uses it
- Finance manager
- Asset custodian
- Accountant
- Auditor
What it does
- Asset classes and the asset master: serial numbers, custodians, locations, warranties and QR labels.
- Depreciation runs per period, with the journals exported to the ledger.
- Transfers, maintenance, verification counts, revaluations, impairments and disposals.
- Tax treatment and South African wear-and-tear allowances alongside the accounting values.
- Capitalisation from purchases, and register reports.
How it works
- Set up classes and their rules.
- Capitalise assets from purchases or by hand.
- Run depreciation each period; verify assets by location.
- Record transfers, maintenance and disposals as they happen.
The controls that protect it
- Every movement is recorded against the asset with who made it.
- Period runs post journals you can trace back to the register.
