Fixed assets and leases
Depreciation rates come from the country profile, and the method is set by the legal entity’s accounting policy. Accrual runs at period close, not as a separate manual action, and tax depreciation is kept in parallel with book depreciation.
Plan From the “Company” plan.
What is inside
- Fixed assets, intangible assets, R&D, capital investments, land
- Methods: straight-line, declining balance, sum of the years’ digits, units of production
- Parallel tax depreciation and depreciation bonus
- Upgrades, repairs, mothballing, disassembly, separation of components
- Impairment and decommissioning obligations, sale of real estate with VAT
- IFRS 16 leases for lessee and lessor: schedule, right of use, modification, buyout
- Vehicles: drivers, routes, trip sheets, fuel consumption norms and overconsumption
- Depreciation statement, asset cards, property counts
Limits
The low-value asset threshold and the start of depreciation come from the country profile and accounting policy. They can be changed only with the tax configuration permission.
Frequently asked questions
Is tax accounting for fixed assets kept separately?
Yes, tax depreciation is calculated in parallel with book depreciation, and the difference is visible for each asset.
Is leasing supported?
Yes, leases and leasing are kept under IFRS 16 with a payment schedule and right of use, for both the lessee and the lessor.
Other features
Start with a bank statement
Upload last month’s statement and see your cash flow before setting anything up. If you need to move from 1C or work in several countries, we will show it on your data.