What depreciation methods does AssetAccountant™ handle?
AssetAccountant™ offers a complete suite of depreciation methods for both Accounting and Tax. The full list can be found at: https://support.asset.accountant/support/solutions/articles/60000705801-assetaccountant-supported-depreciation-import-codes
Does AssetAccountant™ handle pools?
AssetAccountant™ provides detailed treatment of the pools defined by the ATO - the Low Value Pool, Small Business Pool and the Software Pool. Aside from producing exportable reports detailing annual pool opening balances, additions, transfers and closing balances, Asset Accountant also manages common 'edge' cases such as:
- Pool Write-offs,
- Pool Transfer Reversals,
- Balancing Adjustments for Pools with a negative balance.
Does AssetAccountant™ produce journals?
Asset Accountant produces detailed journals on cost, accumulated depreciation, depreciation expense, profit and loss on disposal and revaluations, impairments, adjustments and leases. Journals can be exported to excel or posted directly to QuickBooks Online, Xero or Sage Intacct.
Does AssetAccountant™ map to my integrated general ledgers chart of accounts?
All of our integrations allows you to access your chart of accounts and map them directly to AssetAccountant™, ensuring that your journal entries map effortlessly to your ledger.