AssetAccountant is highly functional fixed asset depreciation and lease accounting software that can address many use cases of assets changing over time.


The functionality in AssetAccountant that might assist with any use case for assets that change over time are:

  1. Revaluations: AssetAccountant fully supports both US GAAP and IFRS revaluations, not withstanding US GAAPS's more limited rules in this area.

  2. Quantities: E.g. it's possible to create an asset with a Quantity of 100 hectares, or 1,000 identical type of widget.

  3. Partial Disposals: E.g. it is possible to dispose of 50 of those 100 hectares, or write off 456 of those widgets. AssetAccountant takes care of all the subsequent GL postings.

  4. Additional Costs: It's possible to build up assets over time as 'Works in Progress' and then start depreciating them at some future date. Please refer to extensive WIP/CIP articles and tutorial videos.