Revaluation
Restate an asset to its new value. An increase goes to revaluation surplus in equity; a decrease is a revaluation loss. Depreciation then runs on the new value.
Fixed Assets
Every asset's whole life, in the register and in the ledger
Buy, depreciate, revalue, move and sell your buildings, plant and vehicles. Each step posts its own voucher to accounts nobody can edit by hand, so the asset register and the balance sheet always agree.
Business · $20 / mo add-on
Enterprise · included
Professional · included
Year2026
MonthNovember
Class (asset group)All classes (not yet run)
Classes this period:
Buildings ✓
Plant & Machinery
Vehicles
Land
— 1 of 4 run
Units this period · FA-0031 CNC lathe410
| Code | Name | Method | Opening NBV | Depreciation | Closing NBV |
|---|---|---|---|---|---|
| FA-0007 | Injection moulder | SL | 186,000.00 | 2,000.00 | 184,000.00 |
| FA-0031 | CNC lathe | UP | 71,400.00 | 738.00 | 70,662.00 |
| FA-0012 | Delivery truck | RB | 61,250.00 | 1,020.83 | 60,229.17 |
| FA-0015 | Forklift | RB | 18,600.00 | 310.00 | 18,290.00 |
| Preview — 4 assets | 4,068.83 | ||||
One journal: expense and accumulated depreciation per class
Preview Post
The whole life of an asset
From the day you buy it to the day it goes
Each event is its own numbered voucher with its own screen. Open any of them later and you see exactly what was entered and what it posted.
Bring it on
Buy it straight from a supplier with an asset purchase invoice, or capitalise it from work in progress.
Depreciate
A monthly run per class, or for every class not yet run, posted as one journal.
Revalue or impair
Restate it to a new value, or write it down after a physical check. Both reverse cleanly.
Move and verify
Transfer between locations, split one into several, merge several into one, and count what you own.
Dispose
Sell it or scrap it. The gain or loss on disposal is worked out and posted for you.
Depreciation
Three methods, one run, no spreadsheet
Each asset class carries a default method and rate, and each asset can have its own. Preview the month, check it, then post. The screen remembers which classes are done for the month.
- Run class by class, or every class still left for the month in one go
- Book value never drops below salvage, and a fully depreciated asset is skipped
- An asset entered late catches up the months its class has already posted
- Posted the wrong month? Cancel the newest run and run it again
- Idle equipment can be set inactive, so it stops depreciating until you bring it back
How each method worksper month
(Cost − salvage) × rate ÷ 12the same charge every month
SL(Cost − depreciation so far) × rate ÷ 12a larger charge early on
RB(Cost − salvage) × units this month ÷ total unitsan idle month charges nothing
UPLand0% · not depreciated
When value changes
The accounting is done for you, every time
Impairment
Write damaged or obsolete assets down, usually after a physical verification. It can never exceed book value, and it can be reversed if the value comes back.
Disposal
Sell for cash, to a bank account, or on credit to a customer, or scrap it. Cost and depreciation come off, and the gain or loss is posted automatically.
Where it is and what it is
Register changes leave a trail, even when no money moves
Transfers, splits, merges and verifications don't touch your accounts, but each still gets a numbered voucher, so the register's history is complete.
Transfer
Move an asset to another location. Its current location is shown, so you can't move it to where it already is.
Split
One asset into several. Cost, depreciation, revaluation and impairment are shared out in proportion.
Merge
Several assets of the same class into one. The originals stay listed with their history.
Verification
Count what you own: found or missing, and its condition. Its findings feed the impairment run.
Getting started
Bring your existing assets across in one file
Most companies already own assets sitting in old accounts. The onboarding workbench moves them into the register cleanly, with every number reconciled.
- Put the current book value on the fixed-asset clearing account, as an opening balance or a journal
- Download the workbook. Your classes and locations are already filled in
- List the assets with cost, depreciation to date, class and location, then upload
- Every row is checked first, and the total must match the clearing balance. Then one opening voucher clears it to zero
| Asset Code | Name | Group Code | Cost | Accumulated Dep. | Location |
|---|---|---|---|---|---|
| FA-0001 | Head office building | BLD | 850,000.00 | 212,500.00 | HO |
| FA-0007 | Injection moulder | PLM | 240,000.00 | 54,000.00 | PLANT-1 |
| FA-0012 | Delivery truck | VEH | 95,000.00 | 33,750.00 | DEPOT |
| FA-0015 | Forklift | VEH | 28,000.00 | 9,400.00 | PLANT-1 |
GuideTargetAsset GroupsLocationsAssets
Matches the clearing balanceready to post ✓
Reports and controls
An auditor's questions, already answered
Asset Register
Cost, revaluation, depreciation and book value for every asset, as at any month. Revaluation stays in its own column.
Asset History
One asset's whole life in order, from purchase to today's book value, with a print-ready PDF.
Locked accounts
Cost, depreciation, disposal and revaluation accounts are created for you and can't be edited, re-coded or deleted by hand.
Linked to production
Link a production machine to its asset, and the machine's cost per hour uses the asset's own book value and rate.
Plans & price
Included in Enterprise and Professional
On Business, add Fixed Assets for $20 a month. A company admin then switches it on under Admin › Modules.
Starter
Not available
upgrade to Business
Business
+ $20 / mo
add-on, billed with your plan
Enterprise
Included
in the $99 plan
Professional
Included
in the $500 plan
Every plan starts with a 14-day free trial, no card needed. Compare all plans
Fixed Assets questions
Frequently asked
No. Once a company switches it on, it stays on, and a plan change won't remove it. Posted depreciation, disposals and revaluations depend on it, and switching it off would leave them stranded.
Land (not depreciated), Buildings, Plant & Machinery and Vehicles. Add your own up to 30 classes per company. Each class gets its own cost, accumulated depreciation and expense accounts automatically.
Yes. The screen shows what will move before you save, and a class-change voucher moves the cost and depreciation to the new class's accounts, so the register and the ledger stay in step.
No. It keeps one set of book depreciation in your accounts. If your tax rules use different rates, work those out separately.
Fixed Assets isn't sold on Starter. Move to Business and add it for $20 a month, or to Enterprise, where it is included.
Put your assets on the books properly
Start a 14-day free trial on Enterprise, bring a few assets across with the workbench, and run your first month's depreciation.