Financial management software
Fixed asset management software
Simplify and automate your fixed asset accounting.
Our leading fixed asset management software is designed to help you integrate your fixed asset register and accounting for effective asset management and accurate financial reporting.
Save time with simple asset accounting software
Designed to help you keep track and account for your fixed assets throughout their lifecycles, our asset accounting software makes managing your asset register and valuations easy. Automatic valuations and nominal ledger updates simplify fixed asset accounting, saving you time and giving you the data you need more efficiently.
Easily manage your fixed asset register
Fixed asset accounting software makes managing a large number of assets, or those that have non-standard depreciation, extremely easy.
- Import asset details: easily import new assets straight from purchase invoices or Access Financials purchase ledger. Automated asset numbering and barcoding assist with the control of large numbers.
- Record all asset information: the equipment database in the asset manager acts as an additional information source, eliminating the need for different databases. Record a wide range of data, including purchase information, supplier, location, serial number, images, documents, insurance policies, service dates, owner, depreciation categories and linked assets.
- Asset tracking: easily trace asset locations, values, disposals, revaluations, profit on disposals, asset component listings and more. Sort, group, subtotal, filter, and drill down to generate custom reports.
Automated fixed asset accounting
Fixed asset management software helps you account for your fixed assets throughout their lifecycles
- Quick summaries: view the current value of assets and get an 'at-a-glance' version from previous years.
- Depreciation management: set default depreciation, including using a straight line, sum of digits or reducing balance methods. Allows assets to be depreciated - with or without a residual value - and disposed of or added to, at any time.
- Lifecycle management: Run depreciation, revaluations, additions, disposal and duplication on individual assets, selected assets or in bulk.
- Asset history: records all depreciation, disposal and revaluations to give you a full audit trail for the lifecycle of the asset.
- Automatic accounting: following the calculation of monthly depreciation and revaluations, nominal ledger journals are seamlessly recorded in Access Financials accounting software.
How fixed asset management software can benefit your business
Access Financials fixed asset accounting software is available through Access Workspace, so you'll also benefit from:
- Everything in one place: all your Access software, data and processes joined up and in one place for greater productivity
- Easy-to-use apps: empower your people to self-serve and access real-time reporting – removing endless requests and bottlenecks
- Advanced analytics: combine your financial data, with your other Access products and third-party data sources into a single, up-to-date view to help your people make the best decisions
- Industry-leading UK cloud hosting: 100% uptime performance, GDPR compliant, enterprise-level security, automatic software upgrades and backups and 24/7 UK support
Delivering fixed asset accounting solutions to Anthology
Access made the ability to scale quickly very easy. We use a single database and we can add an entity whenever we need to, very simply and very quickly ... The software is very easy, intuitive to use, so that it’s used across our business for all the commercial teams.
Roz Johnson, Group Financial Accountant at Anthology, explains how the Access software has helped them to streamline their financial processes and facilitate rapid company growth.
Would you like to see our fixed asset accounting software in action?
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Fixed asset accounting FAQs
What is fixed asset accounting?
Fixed assets are items purchased to help operate your business. They are usually used for more than a year, not for resale and the cost exceeds a minimum limit (the capitalisation limit). For example, buildings, machinery, cars and equipment. Assets held for sale are considered stock or inventory.
When accounting for fixed assets, the initial costs of bringing the asset to its usable condition is valued and recorded in the balance sheet, then the value is spread over the useful life of the asset (depreciated).
Read our full article on What is fixed asset accounting? which also covers the fixed asset accounting cycle and how to simplify your fixed asset accounting.
What is a fixed asset register?
In simple terms, a fixed asset register is a formal record of all the assets (or physical entities) owned by the company as well as their value. Many businesses also include other useful information such as the location of the asset, individual details such as ID numbers, who in the company is responsible for the asset, and other finance details such as the internal cost centre it is logged against and any depreciation numbers.
View our full article on the definition of a fixed asset register including examples of fixed assets in accounting, the purpose of a fixed asset register, what to include and much more.
What is fixed asset accounting software?
Fixed asset management software enables organisations to track their fixed assets, locations, owner, maintenance schedule, cost and other information in an asset register. It automatically calculates the depreciation of each asset.
Asset accounting software features reporting facilities such as pre-built reports, category-wise, and department-wise assets reports, check-in/check-out, the balance sheet value of assets, assets payable, audit history, and transactions. Information is all kept within one database, helping reduce admin, manage maintenance, improve purchasing decisions and accurately calculate depreciation.
Book a demo of our asset accounting software to see if it's the right software for you.
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