Fixed Assets
One asset depreciates into three books at once, so the tax base and the financial statement never drift apart.
- 01 Asset class
- 02 Valuation book
- 03 Rate catalogue
- 04 Asset record
- 05 Depreciation plan
- 06 Accrual
- 07 Disposal
Capabilities
Six ledger account roots with default method and useful life.
Statutory, IFRS and inflation adjustment, with at least one statutory book required.
Date-effective lives and rates, snapshotted onto the asset at capitalisation.
Passenger cars depreciate pro rata; land is defined as non-depreciable.
One book and period across all active assets into a single batch journal.
Sale or scrap with gain and loss distributed to the right accounts.
Rates are date-effective
The depreciation rate catalogue is held as date ranges. When legislation changes, the old rate is not overwritten; a new row is added. Capitalising an asset snapshots the rate and life of that day onto the record, so a later change cannot disturb existing assets.
Related
Other modules
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