Fixed asset management software — IAS 16 depreciation and tracking
An asset register that agrees with your accounts: IAS 16 componentisation, revaluation and disposal, barcode tagging, custody transfer and physical verification rounds.
- Straight-line · declining-balance · UoP
- Fixed-asset roll-forward report
- HRM custodian linkage
Monthly auto-post depreciation
A register that agrees with the accounts
Every asset carries acquisition cost, components, location, custodian and depreciation policy, and depreciation posts to the ledger on schedule. The register and the balance sheet cannot drift, because they are the same records viewed two ways.
IAS 16 componentisation is handled directly, and revaluation, impairment and its reversal, and disposal with gain or loss each post their own journal — the cases that most spreadsheets get wrong.
Knowing where things are
Barcode and QR tagging, custody transfer between people and locations, and physical verification rounds that produce a variance list rather than a vague sense that something is missing.
Movement history is kept per asset, so when an item cannot be found the question is who held it last, not whose department is responsible.
The whole life, not just the ledger entry
Acquisition approvals, budget checks, warranty, insurance, maintenance history from the CMMS, revaluation and eventual disposal are one record. An asset that was maintained twice last quarter and is being depreciated over ten years is describable in a single view.
Common questions
Will the asset register agree with the balance sheet?
Yes, because they are the same records viewed two ways. Every asset carries acquisition cost, components, location, custodian and depreciation policy, and depreciation posts to the ledger on schedule — so the register and the accounts cannot drift apart.
Does it support IAS 16 componentisation?
Yes. Componentisation is handled directly, and revaluation, impairment and its reversal, and disposal with gain or loss each post their own journal — the cases that most spreadsheets get wrong.
Which depreciation methods are available?
Straight-line, declining-balance and units of production are all available, set per asset or per component. Depreciation auto-posts monthly, and the fixed-asset roll-forward report is produced from the same records rather than rebuilt in a spreadsheet.
How do you track where physical assets actually are?
Barcode and QR tagging, custody transfer between people and locations, and physical verification rounds that produce a variance list rather than a vague sense that something is missing. Movement history is kept per asset, so the question becomes who held it last.
Does it cover the whole asset life or only depreciation?
The whole life. Acquisition approvals, budget checks, warranty, insurance, maintenance history from the CMMS, revaluation and eventual disposal are one record, so an asset maintained twice last quarter and depreciated over ten years is describable in a single view.