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
$13/month
Client OS
Web
Deployment
Cloud Hosted
Fishbowl Inventory Screenshot

Fishbowl Inventory

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(19)
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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(16)
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/user/month
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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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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(3)
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

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

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…
Price Range
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Starting Price
$12.99/user/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted

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Fixed Asset Management Software Buyer’s Guide

What is Fixed Management Asset Software?

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, utilizing an automated software can save hours of time otherwise spent on traditional, manual fixed asset management practices.

Fixed asset management software streamlines financial asset accounting, preventive maintenance scheduling, and managing depreciation. The software can also automate inventory management workflows with the audit trails created in asset tracking, providing a clear record of where physical assets were at any time.

Fixed asset management can often be found as an application within a larger accounting software for straight-line depreciation calculations. However, businesses with a large volume of assets need a standalone solution to scale with growing production. Fortunately, fixed asset management software provides automation features for depreciating asset value, letting you identify optimal asset management strategies and act accordingly.

GoCodes Asset Details Fixed Asset Management Software
View details of a single asset in GoCodes.

Fixed Asset Management Software Functionality

  • Asset Accounting and Depreciation Management: Calculate costs for managing assets as they depreciate to stay within your operating budget
  • Asset Lifecycle Management: Control assets over the entire course of ownership, from the initial acquisition to depreciation
  • Barcoding and RFID Tracking: Asset barcode labeling and scanning for quicker asset recognition; Check-in/check out tools provide real-time asset location information and record historical movement in an audit trail
  • Document Management: Keep digital records of all asset information in one shared, easily accessible location
  • Inventory Management: Record the location of assets within your inventory with barcodes, RFID, or QR codes

Other notable features include:

  • 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 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.

Best Fixed Asset Management Software Benefits

The top benefits of fixed asset management software include:

Keep Assets in Peak Operating Condition

One benefit of FAM software is the ability to stay on-top of an asset’s condition. Without regular, real-time updates, you could be left with broken down equipment and delayed production. To ensure your assets are operating in peak condition, use software to schedule reactive and preventive maintenance. Taking care of your assets now can increase their overall lifespan and increase uptime in the future.

A full fixed asset management software can record where assets are, how they are being used, and when they are operating or down. Historical data on asset performance can forecast when maintenance should be scheduled, spare parts ordered, or new options purchased. Combined with asset accounting, FAM software can determine when an asset’s value has depreciated past the point of usefulness and affordability.

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

Update Asset Records

Keeping records on your assets can be difficult due to the sheer volume of data being tracked. And manual data entry is not the best tracking system when your assets range from typical office equipment to vehicles, machinery, hardware, and more. Fortunately, a fixed asset management software not only stores all that information automatically, but also organizes it in a way that’s easy to understand–especially if you are trying to search for specific asset data quickly.

Fixed asset tracking software records when a machine or piece of equipment was purchased, the last time it was serviced, if it is still under warranty, and when preventative maintenance is scheduled. Automated notifications inform you when maintenance is due, so you can take care of it before it might arise. Having these records stored in a single system makes it much faster to find information without having to look through tons of paperwork or Excel spreadsheets.

These assets are usually managed via asset tags, which can be tracked through serial numbers or bar codes. Access to real-time asset information at a moment’s notice puts less strain on employees to gather data last minute when it’s time for audits or reports. It also streamlines the assembly of regularly scheduled reports, like quarterly reviews.

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

Prevent Depreciation with Up-to-Date Asset Valuation

A fixed asset management software can automate depreciation calculations along the asset lifecycle and keep financial reporting processes compliant. Yet 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. With tax laws constantly changing, you need automated software to take advantage of all available tax savings.

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.

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

Price Details of FAM Software

SaaS fixed asset management software solutions can cost as little as $10 per month or as much as $99 per user per month. One-time fees for perpetual licenses range from $295 to $6,800. However, there may be additional costs for user training, hardware installation, and implementation.

Other factors to consider are how many assets you have, whether you prefer an on-premise or cloud-based management platform, or want mobile apps on Android or iOS. For instance, web-based FAM software can be accessed anywhere, which is favored by companies with assets spread out over multiple facilities. Integrations with other software, like ERP, and optional add-ons with extra functionality may also increase your total price.

Does QuickBooks Cover Fixed Assets?

QuickBooks, a popular accounting software preferred by small businesses, has some fixed asset management functionality. The Fixed Asset Manager (FAM) is only available in QuickBooks Desktop on the Premier Accountant, Enterprise, and Enterprise Accountant plans. If you have a high volume of fixed assets, you should consider a standalone asset management system instead of a QuickBooks add-on.

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