AssetAccountant is API first contemporary cloud software that integrates deeply with a growing list of accounting software systems (e.g. Xero, QuickBooks Online, Sage Intacct, Microsoft Dynamics).
These integrations enable rich features such as:
- One-click journal posting
- Automatic detection of new fixed assets
But whether or not you use the GL or ERP software providers we already integrate with, you will discover an array of benefits subscribing to AssetAccountant to automate your fixed asset accounting such as:
- Automated fixed asset depreciation calculations
- Detailed reporting
- Create granular journals for easy bank reconciliation and posting to the GL
- In-depth tax treatment and GAAP/IFRS compliance
- Tax and accounting fixed asset depreciation side by side
- Automate Finance Leases, Hire Purchases and Right of Use assets
- Generate lease payment schedules effortlessly
- Stay on top of current / non-current lease interest and liability
- Manage leasing refinance events, terminations and multiple assets per lease
- Say goodbye to spreadsheets forever
By using AA that doesn't integrate with your software, the main things you will need to do manually are:
- Add and dispose assets - AA has powerful bulk importing tools to make this process easy
- Enter fixed asset journals into your software - AA creates beautifully detailed and clear journal reports that are easy to enter.
This is an example of journal output to spreadsheet for keying into your GL:
