Fixed Asset Management Software

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AssetMAXX Screenshot
AssetMAXX from AssetWorks is an asset management software for tracking, accounting for, managing inventory of, and reporting on fixed asset records in your organization. The fixed asset management software helps track capital and non-capital asssets by…
Client OS
Web
Deployment
Cloud Hosted
Sage Fixed Assets Screenshot
Sage FAS Fixed Assets provides the answer you need to get total command and control over the entire fixed asset lifecycle — from acquisition to disposal. Sage Fixed Assets Is the Definitive Fixed Asset Solution, Providing You With: A complete fixed asset…
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Client OS
Windows
Deployment
Cloud or On-Premises
Xero Screenshot
Xero
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Xero is an online accounting solution for small businesses that is known for its ease of use. See your cashflow in real-time with online billing, banking and accounting. Just login anytime, anywhere. Free trial, pay nothing until you’re ready; No setup…
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Starting Price
$9/month
Client OS
Web
Deployment
Cloud Hosted
Fishbowl Inventory Screenshot
Fishbowl Inventory
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(9)
As companies grow they find that the QuickBooks Inventory control capabilities are no longer sufficient for their inventory control needs. They expand beyond multiple locations, the number of products they stock increases, they move into manufacturing…
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Starting Price
$4,395 (perpetual license)
Client OS
Mac, Windows
Deployment
Cloud or On-Premises
Asset Panda Screenshot
Asset Panda
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Asset Panda is a highly customizable no-code asset tracking platform that can be accessed anytime, anywhere with both mobile and desktop devices. The cloud-based solution helps organizations of all sizes track, manage and support their fixed assets…
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Client OS
Web, iOS, Android
Deployment
Cloud Hosted
NetSuite ERP Screenshot
NetSuite ERP
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NetSuite ERP is a cloud-based, developer-hosted, cloud ERP software platform offered on a software-as-a-service (SaaS) basis. NetSuite advertises its ERP solution as “the world’s most deployed cloud ERP” solution. NetSuite ERP is used by over 40,000…
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Starting Price
$99/month/user
Client OS
Web
Deployment
Cloud Hosted
EZOfficeInventory Screenshot
EZOfficeInventory is an asset tracking software that provides management and maintenance tracking features. Track, maintain, and report on your company equipment from wherever you are with the cloud-based system. In tracking the complete asset lifecycle…
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Starting Price
$35/month
Client OS
Web
Deployment
Cloud Hosted
Automated Rental Management Screenshot
Automated Rental Management
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(5)
Automated Rental Management (ARM) software from BCS ProSoft is the full-featured rental management and accounting system that rental companies need to access timely, accurate financial information and maximize staff productivity. The ARM system features…
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Client OS
Windows
Deployment
Cloud Hosted
Bassets eDepreciation Screenshot
Founded in 1989, Decision Support Technology is a privately held company dedicated exclusively to the Fixed Asset marketplace. Our industry leading Fixed Asset product, eDepreciation, was released in 2008 and has changed the playing field for…
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Starting Price
$1,900 (perpetual license)
Client OS
Windows
Deployment
On-Premises
GoCodes Screenshot
GoCodes provides a total patented fixed-asset tracking solution that harnesses the power of smartphones, QR codes and cloud software. The solution provides an affordable fixed asset management solution that includes everything small & medium sized teams…
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Starting Price
$300/year
Client OS
Web
Deployment
Cloud Hosted
Denali Fixed Assets Screenshot
Denali Fixed Assets
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Add the Fixed Assets module to Denali FUND Accounting to easily track and depreciate your organization’s fixed assets in accordance with accounting rules and tax laws. Calculates depreciation and amortization for an unlimited number of organizations….
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Client OS
Windows
Deployment
On-Premises
CMI Fixed Assets Screenshot
CMI Fixed Assets by Pro Systems, Inc. (formerly known as THE SYSTEM) has been on the market since 1983 and continues to be a strong choice for many companies in dealing with asset depreciation. Originally developed by CPAs for CPAs, CMI Fixed Assets is a…
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Starting Price
$295 (perpetual license)
Client OS
Windows
Deployment
On-Premises
CenterPoint Depreciation Screenshot
CenterPoint Depreciation Software makes it easy to create, calculate, and store the depreciation of all your fixed assets. Maximize tax benefits by accurately depreciating your fixed assets.; Ensure an accurate financial picture with the ability to view…
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Client OS
Web, Windows
Deployment
Cloud Hosted
WorthIT Fixed Assets Screenshot
WorthIT Fixed Assets is a comprehensive Business Reporting Solution that strikes the best balance between software features in key areas of Fixed Assets management, reporting compliance with internal and IFRS standards, ease of use and cost of ownership…
Client OS
Windows
Deployment
On-Premises
Bloomberg Tax & Accounting Fixed Assets Screenshot
Bloomberg Tax & Accounting Fixed Assets
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The Bloomberg Tax & Accounting Fixed Assets product line from BNA Software offers data entry, data management, and reporting capabilities beyond any other program you might be using. Bloomberg Tax & Accounting Fixed Assets’ unique Open Timeline gives you…
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Client OS
Windows
Deployment
On-Premises
Bar|Scan Asset Management Software Screenshot
Bar|Scan Asset Management Software
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Bar|Scan is an affordable, turnkey inventory and property asset management suite that uses mobile technology and (optional) WiFi and email connectivity. This modular solution provides automated asset tracking and reconciliation capabilities. Bar|Scan also…
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Starting Price
$6,800 (perpetual license)
Client OS
Windows
Deployment
On-Premises
Anytime Assets Screenshot
Anytime Assets is a cloud-based asset management system that allows you to track any asset. Manage equipment, tools, gauges, people, IT assets, office equipment, vehicles, jigs, dies, molds, and other assets online. Manage asset images and attachments to…
Client OS
Web
Deployment
Cloud Hosted
MRI Software Asset4000 Screenshot
MRI Software’s Asset4000 is a comprehensive asset register that controls, tracks and records all changes that occur during an asset’s lifetime. It allows users to benefit from customizable depreciation methods, user-definable reporting facilities and the…
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Client OS
Web, Windows
Deployment
Cloud or On-Premises
FMIS Fixed Assets Screenshot
FMIS Fixed Assets offers industry leading Fixed Asset Management for mid-market and enterprise users. FMIS allows you to track, manage and report on your assets quickly and effectively within an intuitive interface. The system is fully compliant with…
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Starting Price
$6,000 (perpetual license)
Client OS
Windows
Deployment
Cloud or On-Premises
itemit Screenshot
itemit is the ultimate asset tracking software. With itemit you can use QR code asset tags to track and manage your assets. Create, export, and customise your fixed asset register with ease. Use collections and locations to group your assets, then use…
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Starting Price
$12.99/month/user
Client OS
Web, iOS, Android
Deployment
Cloud Hosted

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Fixed Asset Management Software Buyer’s Guide

If your business isn’t managing depreciation of assets, then opportunities to lower your tax burden may be being missed. Your business may also be missing the chance to accurately identify your company’s financial position. Fixed asset management software helps you track purchase cost, valuation, depreciation and gain or loss on your assets. Because of the complexity of the financial calculations, an automated software approach can save hours compared to manual fixed asset management.

What Is Fixed Management Asset Software?

Fixed asset management software streamlines accounting workflows to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. This lets a business track and monitor fixed assets, monitor equipment and machinery at multiple locations, keep maintenance costs low, improve the efficiency of your operations, and keep detailed records of retired, sold, stolen, or lost assets.

Fixed asset software tracks and maintains an organization’s entire physical asset and equipment inventory, including vehicles, computers, furniture, and machinery. The software can also automate inventory management capabilities combined with audit trails involved in asset tracking. These fixed assets cannot be converted into a cash value in a timely fashion.

Bassets eDepreciation Fixed Asset Management Software
Manage depreciation on your assets in Bassets eDepreciation.

Fixed asset management can often be found as an application within a larger accounting software. In fact, most accounting software should include some level of straight-line depreciation calculations as part of it’s core offerings. However, many business with a large volume of assets outgrow what their accounting system can offer them, and turn to a dedicated stand-alone that can integrate or work alongside their financial management solutions.

Fixed asset management software provides automation features for depreciating asset value in order to identify optimal asset management strategies and enable accurate business tax filing. This has a direct impact on planning your business for the future and any vision your organization hopes to achieve as you grow. This is because fixed assets are pieces of property or equipment that a business holds long-term, with hopes that their use can generate income in the long-term.

Fixed assets cannot be consumed or converted into income within a year. Otherwise, they would lean more towards being a piece of inventory for your company. Fixed assets appear on a balance sheet as property, plant, and equipment (PP&E). These assets are usually managed via asset tags, which can be managed through serial numbers or bar codes.

Important functionality benefits delivered by effective fixed asset software include:

  • Reduced asset costs based on improved planning of asset retirement and buy versus lease decisions
  • Improved tax planning based on ability to depreciate assets costs over time
  • Decreased labor costs for calculating asset depreciation in comparison with manual methods
GoCodes Asset Details Fixed Asset Management Software
View details of a single asset in GoCodes.

Features of Fixed Asset Management Software

  • Multiple depreciation methods: Automated calculation of asset depreciation based on customizable depreciation methods such as straight-line, declining balance, and others
  • Tax form support: Ability to create required tax forms for asset depreciation including forms 3468, 4626, 4255, 4797, 4562, and T2S8
  • Cost center assignments: Management of corporate cost codes with the ability to allocate assets to the correct department or cost code
  • Asset location tracking: Software fields for tracking asset location with check-in/check out features
  • Asset movement history: Tracking for historical asset locations and responsible party assignments
  • Bar-coding: Asset bar code labeling and scanning for quicker asset recognition
  • Asset grouping: Reporting capabilities allowing assets to be grouped by type, cost center assignment, or location
  • Asset retirement planning: Forecasting of all future costs considering maintenance and asset value depreciation in order to provide asset retirement scheduling recommendations
  • Lease vs buy analysis: Lifetime cost calculations considering asset depreciation value for providing lease versus buy recommendations
Centerpoint Depreciation Asset Activity Report Fixed Asset Management Software
Create reports on fixed asset activity in CenterPoint Depreciation.

Benefits of Fixed Asset Management Software

The top benefits of fixed asset management software include:

Keep Your Asset Records Updated

Tracking your business assets for accounting purposes can get confusing due to the sheer volume of data being tracked. With a varying number of assets (such as vehicles, machinery, hardware, and office equipment), a fixed asset management software can not only help store all that information but also organize it in a way that’s easy to understand–especially if you are trying to search for specific asset data quickly.

With updated asset information, your business will be more prepared in the event of audits and creating reports. Being ready to provide asset information at a moment’s notice will avoid the need for your employees to gather data last minute and put less strain on departments to put asset reports together (such as for quarterly reviews).

By being able to easily access asset records and download the information needed, the right fixed asset management software will be able to help your business create customized reports. By instantly running reports that meet the needs of your auditors, you’ll be able to spend less time manipulating spreadsheets all while providing auditors what they require.

WorthIT Fixed Assets Lease Setup Fixed Asset Management Systems
Setup leases in WorthIT Fixed Assets.

Stay on Top of Tax Advantages With Up-to-Date Asset Valuation

Automating depreciation calculations can help produce compliant accounting reports through automation–meaning your staff can spend less time manually proding through records for the right piece of data. A fixed asset management software can properly depreciate assets over their useful life.

It’s an unfortunate reality that many companies overpay in taxes and insurance due to ineffectively managing their fixed assets. Using a fixed asset software application can help your firm maximize the payoff from capital investments by clearly identifying each investment, its value, location, purchase details, depreciation method and accumulated depreciation.

Calculating proper depreciation is only a starting point for today’s fixed asset management software systems. In addition, almost all of the systems compute gains and losses on the sale of assets and often provide more advanced features. The tax laws are constantly changing so access to a constantly upgraded package is important to assure you’re taking advantage of all the tax savings available to you.

Bloomberg Tax and Accounting Fixed Asset Management Software
Create a variety of reports in Bloomberg Tax & Accounting Fixed Assets.

Keep Assets In Peak Operating Condition

A business that tracks their own assets for financial reasons is equally in charge of keeping on-top of the asset’s condition. At times assets may faulter and break down, which require maintenance to extend the lifespan of the asset. There is also preventive maintenance that can be scheduled prior to an asset breaking down–allowing you to get a headstart on extending the lifespan of your assets.

To ensure your assets operating in peak condition, you’ll want to schedule maintenance and ensure your employees are also using the assets as intended. A proper fixed asset management software will be able to see where assets are at, when they are being utilized, and how they are being used, including any downtime. In order to increase the productivity of your staff, it can be wise to schedule assets to go into maintenance during scheduled downtime–ensuring you get the most out of your employee’s time during regular working hours.

Fixed asset tracking software can record things like when a machine or piece of equipment was purchased, the date of the last time it was serviced, and the next date that preventative maintenance should be completed to keep it in top working condition. Notifications can be sent to inform you when something is coming due for maintenance, so you can take care of it before a might arise.

Having these records stored in a single system makes it much faster to find information on the equipment or machinery you’re looking for without having to look through tons of paperwork or spreadsheets if you’ve been using pen-and-paper or excel for asset tracking.

itemit Fixed Asset Management Solutions
Monitor when assets are checked out and due to be returned with itemit.