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When you create a free trial account with Asset Accountant,
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you'll be offered the opportunity to explore a demo register that we've created for you,
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or you can choose to create your own register for your own business or for a client.
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Let's explore the demo register.
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On the demo register page,
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you have two options in which to view your assets.
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The Asset Register tab is organized into asset groups.
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This register has a group for buildings, capital works,
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computer equipment, furniture and fittings, and so on.
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At the top of the screen, you can easily pivot between the tax view and accounts view,
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offering a snapshot for either of these regimes at any time.
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The calendar selector allows you to easily switch between financial years,
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year-to-date periods, quarters, and individual periods for your register.
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Across the page based on your selection between tax or accounts view
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and your nominated date range are opening balances,
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in this case for the 1st of July 2025.
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Any additions created within this period,
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any depreciation that's accumulated,
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disposals, and finally closing balances on the right.
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Any of these columns can be expanded to show the details.
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The tax valuation is broken down into cost,
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accumulated depreciation, and tax value.
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The search is accessible at the top right of your screen at any time.
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If we were looking for an Audi, for example,
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we could find that asset very quickly.
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Select the asset name to view the details.
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The first thing you'll notice is that the screen is divided into the tax view,
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the accounts view, details view, and market value.
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Scrolling down, we can see all of the transactions that have applied to this asset
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in the past and those scheduled into the future.
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In the details tab, we can apply classifications
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such as locations or profit centres to our assets.
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We can also apply custom fields such as licence plate number for a vehicle
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and add attachments.
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These may be links to a document management system,
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PDF files, documents, or any other attachments you wish to upload.
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The market value tab allows us to record market value data for relevant assets.
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Returning to the tax view, the controls near the top of the screen
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allow us to perform a number of actions across the entire asset
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for both tax and accounts regimes.
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These include adding components to new or existing assets made up of multiple parts,
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adding quantities, transferring assets from one group to another,
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adding additional costs, selling or writing off the entire asset,
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or part of the asset.
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For example, if you bought 100 laptops and later sold 20 of them,
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you could record the asset as a single asset and then record a partial sale.
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Within each of the tax and accounts views,
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there is a second tier of actions that apply only to tax and accounts
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respectively.
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With respect to tax, in Australia for example, we can add reassessment,
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transfer assets to a pool, create tax adjustments,
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and add a reassessment for taxable use.
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In the accounts view, we can record reassessments, revaluations, impairments,
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and adjustments, and record a make good provision for right of use assets.
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These settings vary according to jurisdiction,
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but Asset Accountant supports IFRS, US GAAP, and multiple tax jurisdictions,
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ensuring the options are always relevant to your jurisdiction.
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The Assets tab is an alternative view of your assets.
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Instead of displaying asset by asset group, assets are listed in a single view,
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which is very handy when looking for a particular asset.
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For example, if we're looking for our laptop dock, it's easy to find.
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We also have a number of filters you can apply to drill down to particular assets.
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Columns displayed can be customised by selecting your preferred fields.
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These can be exported.
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A filtered list of assets can also be selected to pre-populate an upload sheet
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for a range of bulk actions.
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Returning to the main menu and selecting Add Assets,
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there are three primary ways to add your assets.
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First, you can manually add a single asset.
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Second, you can pull in assets from integrated applications,
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such as QuickBooks Online, Xero, and Sage.
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Finally, you can import assets in bulk using the Import Wizard,
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Bulk Acquisitions, and you can also import leases in bulk.
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Asset Accountant also supports other bulk actions,
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including bulk classification changes, bulk disposals,
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bulk revaluations, and bulk reassessments.
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For example, if a number of assets require a new tax treatment
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at the start of a tax year, a bulk reassessment makes this very easy.
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Next, we have journals.
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Journals are easy to create and can be expressed in great detail.
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In this example, a simple journal is created with all features selected.
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Journals are grouped by asset groups, such as computer equipment,
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furniture and fittings, etc.
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We can also see the individual asset details
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that form part of a depreciation expense claim.
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Journals are further broken down by classifications, such as locations,
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allowing more detailed postings to a general ledger or ERP platform.
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Journals can be exported to Excel or CSV
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and can also be posted directly to integration partners,
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such as QuickBooks or Xero.
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A broad range of reports are available for assets and leases.
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Consolidated reports are also available for certain report types.
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Finally, we can look at organisation and register settings.
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Organisation settings include your organisation name,
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billing contact details, subscription details, and system users.
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We have tags for easy look-up and bulk actions
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for creating registers in bulk and sending user invitations in bulk.
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Register settings include details such as jurisdiction,
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currency, reporting year and accounting standards.
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You can set up required financial year settings
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and additional depreciation methods.
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You can assign users to registers,
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invite new users and apply appropriate permission levels.
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Here you can also define classifications,
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such as locations or profit centres,
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manage integrations
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and in supported countries such as Australia and the UK,
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define asset pools.
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This concludes a very brief overview of Asset Accountant.
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More detailed videos on all features are available in the video library
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at asset.accountant.
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If you need any assistance at all,
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feel free to reach out to the customer success team
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at support at asset.accountant.
