Fixed Asset Register and Depreciation Schedule with Journals

Year-end depreciation is often a spreadsheet that breaks when an asset is bought mid-year or sold, and the note, the journal and the schedule disagree by a few fils. This app keeps one register and gives, for any financial year you choose, the movement in cost and accumulated depreciation, the charge, the net book value and the gain or loss on disposal, with journals whose debits equal credits.

What is inside

• An asset grid: in-service date, cost, residual value, method, life or rate or total units, disposal date and proceeds, with CSV import and export.
• Three methods: straight line (cumulative, so the years add up exactly), reducing balance (never below residual value) and units of production (with a units tab for each year).
• Month conventions as settings: full month, half month, from the following month, or actual days, separately for the month of acquisition and the month of disposal.
• A year report by asset and by category in the shape of the fixed asset note, plus journals for depreciation, additions and disposals.
• A multi-year schedule of up to 15 years with net book value at each year end, exported as CSV.
• A README with every formula and a worked example in numbers, example data and JSON backup.

What is fact and what is a setting This is arithmetic. Useful lives, residual values, methods and conventions are accounting policy for you and your accountant to choose, and depreciation in the accounts can differ from what is allowed for tax. The app states no UAE rule.

What it is NOT It does not handle revaluation, impairment, component depreciation or assets under construction, and it does not post to an accounting system. It is not accounting or tax advice.

How it differs from the Fixed Asset Register and Depreciation Schedule workbook That product is an Excel workbook with straight line and reducing balance. This is an offline app that adds units of production, daily and half-month conventions, a 15-year projection and by-year journals. If you only need straight line in Excel, the workbook is enough.

How it was checked Outputs were compared with an independent Python Decimal calculation over 48 random registers covering all three methods, all conventions, disposals and units, with no difference. Typed screens, CSV, exports, reload, print view and phone width were tested in Chromium. Not tested in Safari, Firefox or Edge. Single business use.