AssetAccountant Reviews & Product Details

AssetAccountant is a cloud-based fixed asset depreciation and lease accounting engine built for accounting firms and businesses of all sizes. It automates the calculation, tracking, and journaling of fixed and leased assets across both tax and accounting registers — replacing the complex, error-prone spreadsheets that many organisations still rely on. The platform maintains separate tax and accounting books side by side, ensuring you maximise tax deductions while accurately reflecting asset values on the balance sheet. AssetAccountant models detailed depreciation and lease calculation rules for multiple jurisdictions and accounting standards, so you can stay compliant without needing to consult tax guides or accounting standards manually. Tax jurisdictions supported include the IRS (USA), ATO (Australia), HMRC (United Kingdom), IRD (New Zealand) and SARS (South Africa) along with basic tax rules for all other countries. Accounting standards supported include both US GAAP and IFRS. AssetAccountant integrates directly with leading general ledger platforms including Xero, QuickBooks Online, Sage Intacct, and Microsoft Dynamics 365 — enabling one-click journal posting, automatic detection of new assets from your GL, and synchronisation of dimensions and tracking categories. Key capabilities include full and partial acquisitions and disposals, reassessments, adjustments, revaluations, impairments, taxable use adjustments, classifications (cost centres, profit centres, locations), custom fields, attachments, bulk actions, and component asset tracking. For lease accounting, AssetAccountant delivers compliance with IFRS 16 and ASC 842, covering both finance loans and right-of-use assets. The platform generates automated payment schedules, tracks current and non-current interest and liability, and supports lease modifications including refinancing and early termination.