The register, and what it is worth now.
What each asset cost, what has been charged against it, and what it is worth today — with depreciation run against the register rather than a schedule somebody keeps.
| Delivery trucks (6) | 5-year straight line | ₱4,820,000 | |
| Kitchen equipment | commissary | ₱2,140,600 | |
| Leasehold improvements | 6 outlets | ₱6,408,900 | |
| POS terminals (24) | 3-year | ₱412,800 | |
| Fully depreciated | still in use | 48 assets | tracked |
| Disposed this year | gain on sale | ₱184,200 | posted |
A fixed asset register with depreciation runs, disposals and revaluation.
What it actually does.
Depreciation runs against the register
Not against a spreadsheet. An asset that was never registered is never depreciated, and nothing else in the system will notice — which is why the register is the thing.
- A journal per period, per asset, posted rather than calculated and copied.
- Disposals with the gain or loss computed and posted.
- Revaluation where the policy calls for it, and the computation kept.
Every asset has a site, a custodian and a date it arrived.
The ones people ask about this.
Can we take on assets that are already part-depreciated?
Yes — cost, accumulated depreciation and remaining life, as at the date you start.
Which methods are supported?
Straight line and reducing balance, per asset class, with the residual and life set per asset where it differs.
Does it handle components?
Yes, where a major component has a different life from the asset it sits in.
Nothing here is a separate product.
See it on your own figures.
Bring one ordinary day from your business and we will run it through in front of you, on your own items and your own prices.