UAEStraight-line & reducing balance · Custody · Ledger-posted

Every asset, from purchase to disposal.

One register that knows what you bought, what it has cost you since, who is holding it and what it is worth today. Depreciation runs post themselves to the ledger, so the figure on the balance sheet is the register - not a spreadsheet someone reconciles to it.

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Bring your asset list
Keep your accumulated depreciation

Fixed asset register · Jul 2026 Posted

AssetCostNet book

FA-0012 · Wheel aligner46,00027,600

FA-0031 · Delivery van92,00055,200

FA-0044 · Shop fit-out128,50096,375

FA-0058 · Laptops (6)21,60010,800

Fixed assets, net288,100189,975

Open any asset for its purchase, its depreciation to date, who holds it and what it has been through.

Built in the UAE. Supported from the UAE.

Not a reseller - you talk to the team who make it.

Replaces

The asset spreadsheetDepreciation worked out by hand each yearA drawer of purchase invoicesAsking around for who has the laptop

One register

What’s inside

The whole life of an asset, on one record.

What you bought, how it is being written down, who is holding it, what it has been through and what happens when it goes - each against the same asset, and each landing in the ledger where it should.

The register

Category, purchase date, supplier and cost on every asset
Its own code, so the same laptop is not entered twice
The site or branch it belongs to

Depreciation

Straight-line or reducing balance, chosen per asset
Periodic runs that calculate the charge and post it
Expense and accumulated depreciation, both to the ledger

Custody

Assigned to a person, a department or a location
Transfers recorded with a date, so the trail survives the handover
A list of what any one person or site is holding

Maintenance

Servicing and repairs logged against the asset itself
Cost of each visit, kept with the asset rather than the month
The history that tells you when to replace rather than repair

Disposal

Sale or write-off, with the date it left
Cost and accumulated depreciation taken out together
The gain or loss posted, not left for the auditor to find

What it is worth

Net book value per asset, category and site
Depreciation charged in any period
Movement in the year: additions, disposals, charge

Why it matters

Three things that stop being a year-end job.

Depreciation that posts itself

Run the period and the charge is calculated on each asset’s own method and rate, then written to the ledger as a journal. Nobody rebuilds the schedule in a spreadsheet, and nobody forgets the month you were busy.

JV-5209 · depreciation, JulyAuto

Depreciation expense4,806.25

Accumulated depreciation4,806.25

38 assets · straight-line and reducing balance

You know who has it

An asset is assigned to a person, a department or a site, and a transfer moves it with a date against it. When something cannot be found, the question is answerable rather than a conversation.

FA-0058 · Laptop 3 of 6In use

Moved · Accounts → Workshop14 Apr

Held byR. Kumar

What it has cost you since

Servicing and repairs are logged against the asset, not filed under the month they happened. Over a few years that history is what tells you whether the van is worth keeping.

Service · 40,000 km1,150

Brake replacement2,320

Gearbox repair6,900

Maintenance to date is 11% of cost

Why the spreadsheet always drifts

It is not that the maths is hard.

Depreciation is arithmetic. What goes wrong is everything around it - the asset bought in March that nobody added, the one sold that is still being written down, the laptop that left with someone in 2024.

The addition nobody told you about

An asset arrives as a purchase like anything else, so it is on the register from the day it is bought rather than the day somebody remembers to add it to the sheet.

The disposal still being depreciated

Disposing of an asset takes its cost and its accumulated depreciation out in the same step and posts the gain or loss. It stops being charged because it has actually gone, not because someone deleted a row.

The question at audit

Every asset has its purchase behind it, its method and rate on it, and its charge posted period by period. That is the answer to most of what gets asked, ready before it is asked.

Switching over

Your assets are already part-depreciated. That’s fine.

Bring the register across as a CSV with cost, purchase date, method, rate and the accumulated depreciation booked so far. The schedule carries on from where it is - you are not restarting anything at full cost.

Accumulated depreciation to date comes with each asset
Your categories and rates, not a policy you have to adopt
Net book value at the changeover reconciles to your last balance sheet

Asset register import

assets.csv38 rows

accumulated-depreciation.csv38 rows

custody.csv31 rows

Net book value agrees with your balance sheetAED 189,975

What it connects to

See the whole platform

Accounting

Depreciation, disposals and the gain or loss post to the same ledger as everything else, into a period that can be closed.

Purchasing

An asset starts as a purchase order and a vendor bill, so its cost on the register is the cost you were charged.

Industry suites

The workshop equipment on the register is the equipment the job cards are run on.

Reports

Net book value and the year’s movement, from the register rather than a working paper.

FAQ

What finance managers ask us first.

If your question isn’t here, ask - we’d rather tell you it doesn’t do something than have you find out at year-end.

Which depreciation methods are supported?

Straight-line and reducing balance, chosen per asset rather than set once for the whole register. Rate and useful life sit on the asset, so two categories can be written down differently without keeping two schedules.

Does the depreciation charge reach the accounts on its own?

Yes. A period run calculates the charge on each asset and writes the journal - depreciation expense against accumulated depreciation - into the same general ledger everything else posts to. There is no re-keying and no separate month-end task.

Can we see who is holding an asset?

Yes. Assets are assigned to a person, a department or a location, and transfers are recorded with a date. You can look at one asset and see who has it, or at one person and see everything they are holding.

Does it keep maintenance history?

Yes. Servicing and repairs are logged against the asset with their cost, so the history stays with the vehicle or the machine rather than being spread across the months it happened in. It is what makes a repair-or-replace decision an evidenced one.

What happens when we sell or scrap something?

Disposal takes the cost and the accumulated depreciation out together and posts the gain or loss. The asset stops being depreciated because it has gone, which is the failure the spreadsheet version usually has.

We are part-way through depreciating everything. Can we still move?

Yes, and you should not have to restart anything. Bring cost, purchase date, method, rate and the accumulated depreciation booked so far, and the schedule continues from there. Net book value at the changeover should agree with your last balance sheet - that is the check we do with you.

Which plan includes it?

Fixed assets and depreciation are on Professional and Enterprise. Basic does not include them, so if the register is the reason you are looking, Professional is the plan to price. The comparison on the pricing page shows it line by line.

Close the year without rebuilding the schedule.

Start free today - no card, no lock-in. Or send us your asset list with its accumulated depreciation, and we’ll bring it across with you.