The market overview shows software from the area of asset accounting or asset accounting. Asset accounting (AnBu) is the part of financial accounting. The basis of asset accounting is the recording and management of long-lived assets such as land and buildings, technical equipment and machinery, vehicle fleets, operating and office equipment of the company. Important tasks of fixed asset accounting are the determination and posting of depreciation (AfA) as well as the valuation and posting of additions and disposals of fixed assets.
With the help of fixed asset accounting software you can evaluate your fixed assets. It supports the preparation of the fixed asset schedule and inventory and the evaluation or report generation. Various imputed costs are included in cost and activity accounting. These include, for example, imputed depreciation of fixed assets required for operations.
Asset accounting is a subarea of financial accounting. It deals with the management and posting of a company's long-lived assets. The company's own tangible assets such as land, buildings, machinery, office equipment, company cars, but also licenses, concessions as well as financial assets such as shares, participations, etc. are regarded as fixed assets.
Asset accounting records the acquisition value, production costs, acquisition date, depreciation amounts and useful life in the asset register. Basic inventories can be created on the basis of the asset register. Fixed asset accounting determines imputed, tax and balance sheet depreciation. Depreciation can reduce the company's taxable profit, which can have a positive effect on the tax burden. The monetary amount by which an asset is depreciated each year depends on the type of asset and its acquisition value. Generally, low-value assets are not included in the asset register.
Asset accounting software is often offered as a module to complement or extend financial accounting software. However, asset accounting software is also available as standalone software from various vendors.
Typically, the following asset information is maintained in Asset Master Data Management: Asset number, asset name, acquisition date, acquisition cost, depreciation, net book value, location. The respective master data record of an asset corresponds to a conventional inventory card of an asset file. The totality of all master data records corresponds to the asset card index.
An asset history sheet is an overview of a company's fixed assets, showing the development of each individual asset in terms of value. The fixed asset grid is a supplement or extension of the annual balance sheet and the income statement. Each asset has its own item in the fixed asset movement schedule. The structure of the fixed asset movement schedule is regulated in the German Commercial Code § 284 para. 3 HGB. It may be helpful to be able to output and print the fixed asset movement schedule in different report formats.
Example of a plant grid
|Asset||Acquisition or production costs||Additions in the financial year||Disposals in the financial year|
|Transfers of the fiscal year||Write-ups of the fiscal year||Depreciation (accumulated)||Carrying amount|
There are various depreciation methods. These include straight-line, declining-balance, progressive and fractional depreciation, as well as depreciation by output. Which of these methods is allowed for which assets as tax depreciation methods is regulated by law. Asset accounting software should therefore always take into account current tax legislation.
An interface from fixed asset accounting to financial accounting enables seamless transfer of data, thus avoiding duplicate accounting and improving accounting accuracy. The consistency of accounting and valuations is ensured and the management of fixed assets can be done directly in the accounting. There is no need to change the program.
As a rule, the asset accounting software includes a number of different options for reports and analyses. These can include reports on asset additions, cost reconciliations and overviews of fixed capital, as well as analysis reports on depreciation, etc. These reports and analyses can usually also be generated during the year and thus support planning and business decisions.
The use of digital asset accounting software usually leads to time savings and, as a result, cost savings. Asset accounting software assists with asset management, depreciation, asset valuation, asset posting and listing, or asset grid. Better organization and a high degree of automation result in efficiency gains in the management of fixed assets, the determination and posting of depreciation, and the reconciliation and exchange of data between asset accounting and financial accounting. It also facilitates the balancing of fixed assets and controlling. During the year-end closing process, data can generally be exchanged directly and without media discontinuity between asset accounting and financial accounting via interfaces.
Further specific criteria and question suggestions for the evaluation of software for asset accounting