Fixed Assets

Asset register, depreciation, maintenance scheduling, transfers and disposals - fully integrated with your general ledger and audit-ready.

SMACC Fixed Assets manages the lifecycle of every asset from acquisition to disposal, with depreciation auto-posted to the general ledger.

Key capabilities

Asset register (serial, category, location, custodian).
Depreciation: straight-line, declining-balance, units-of-production, monthly/quarterly.
Revaluation per IFRS with reserve accounts.
Maintenance.
Barcode/QR scan.

Fixed assets management

The full asset lifecycle — from acquisition to disposal — with full GL integration.

Asset register

A detailed register for every asset — location, photo, documents — with printed barcode.

Depreciation schedules

Straight-line, declining and units-of-production — with auto monthly journal posting.

Transfer & relocation

Move assets between branches, employees or projects with a full audit trail.

Preventive maintenance

Periodic maintenance schedules, reminder alerts and full maintenance-cost history.

Physical count

Annual count via the mobile app — barcode-scan with auto variance posting.

Disposal & sale

Sell, write-off or scrap — auto gain/loss calc and posting to the GL.

Fixed assets FAQ

Does SMACC manage fixed assets and depreciation?

Yes. You can register assets, track their movements (additions, disposals, transfers) and calculate depreciation, plus track maintenance costs per asset.

Can asset maintenance costs be tracked?

Yes. Maintenance costs are recorded and linked to each asset within the asset register, so you can track its total cost over its lifetime.

How do I track the movements of a specific asset?

Through the asset-movements screen, which shows every operation on the asset - additions, disposals, depreciation and transfers between branches.

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