Fixed assets
Capitalized to your threshold. Depreciated on schedule.
Agents keep your fixed asset register and book depreciation monthly, with the roll-forward tied to the GL.
Halden Software’s fixed assets in September. A sample company, with illustrative figures.
From invoice to the register.
Capitalized to your policy
Purchases over your threshold go on the register with their invoice, wherever they were coded.
Life and method set
Each asset gets the useful life your policy sets for its class, depreciated straight-line.
Depreciation booked
Each month’s entry is booked from the register and recomputed by a second AI.
Disposals recorded
Disposals come off at cost and accumulated depreciation, in the same roll-forward.
Equipment coded to repairs, capitalized.
When equipment is buried in repairs or supplies, the agent checks it against your threshold and drafts the entry to the register. Anything over your approval limit waits for you.
See how flux analysis caught itA register that stays tied to the GL.
Cost, additions, disposals and depreciation roll forward to net book value and tie to the GL monthly. Each addition is traced to its invoice.
No more depreciation done by hand.
The night the month ends, agents book depreciation for every asset and tie it to the GL. Your team reviews the entry instead of building it.
See prepaids and accrualsQuestions controllers and firms ask first.
Can Zenday keep our fixed asset register in Xero, QuickBooks or NetSuite?
Yes. Agents keep the register, capitalize additions to your policy and post depreciation to QuickBooks, Xero or NetSuite, with the roll-forward tied to your fixed asset accounts every month.
How does it decide what to capitalize?
From your capitalization policy: purchases over your threshold go on the register with their invoice, even when they were coded to repairs or supplies. Anything over your approval limit waits for you.
Which depreciation method does it use?
Straight-line, over the useful life your policy sets for each asset class.
How are disposals handled?
A disposal comes off the register at its cost and accumulated depreciation, and it shows in that month’s roll-forward, tied to the GL.