AssetAccountant

Overview

AssetAccountant is cloud software for fixed-asset depreciation and lease accounting, aimed at accounting firms and businesses managing company or client registers. It is strongest when you need tax and book depreciation, lease schedules, and multiple entities in one system; the 10-asset, no-lease free plan is only a small-scale starting point.

Key features

It calculates tax and accounting depreciation side by side, with methods including MACRS, GDS, ADS, declining balance, straight-line, and units of use. That range suits US businesses and CPA firms that need tax schedules as well as accounting records, rather than a register limited to tracking assets.

Lease accounting automates payment schedules, interest accruals, and right-of-use amortization for ASC 842 and IFRS 16. This is a meaningful advantage for organizations managing leases alongside fixed assets, but leases are excluded from the free plan.

Native integrations cover Xero, QuickBooks Online, Sage Intacct, and Microsoft Dynamics 365. For other ERPs, it supports journal exports, including for SAP, Oracle, MYOB, and NetSuite. Users can manage multiple companies, funds, or clients under one login, and reports include depreciation schedules, disposal reports, tax reconciliations, and movement summaries.

The company says the platform is ISO 27001 certified and hosted on Microsoft Azure. It advertises 24/7 customer success coverage, free implementation support, and an average first response within 48 minutes—useful assurances for firms putting client registers on the platform.

Pricing

AssetAccountant has a free plan, paid monthly tiers priced per 100 assets, and custom annual pricing for Premium. A 30-day trial is offered. The free plan costs 0.00 USD per free, billed free forever, and supports up to 10 assets. It includes all features and integrations except leases, making it a practical way to assess the depreciation workflow, but not to evaluate lease accounting or manage a larger register.

• Lite: 6100.00 USD per month, billed monthly per 100 assets. It includes Xero and QuickBooks Online integrations, automated journals, IRS MACRS, Section 179, and bonus depreciation. It suits organizations focused on core US tax depreciation and those integrations.
• Basic: 121004.00 USD per month, billed monthly per 100 assets. It adds classifications, custom fields, attachments, partial acquisitions and disposals, and asset finance loans to Lite. Choose it when those asset-management and financing details matter.
• Standard: 181006.00 USD per month, billed monthly per 100 assets. It adds bulk actions, consolidations, impairments, components, work in progress/construction in progress, ASC 842, and right-of-use assets to Basic. It is the relevant tier for lease accounting and more involved asset portfolios.
• Premium: custom pricing, billed annually for more than 1,000 assets or complex requirements. It adds weekly calendars, Sage Intacct and Microsoft Dynamics integrations, and multiple assets per loan to Standard. Its annual, quote-based structure makes it a fit for larger or more complex operations prepared to scope pricing with the vendor.

The paid monthly prices are per 100 assets; the free tier stops at 10, and Premium is aimed at portfolios above 1,000 assets. The entry price is not a flat allowance for an unlimited register, so match the tier to the asset count and required capabilities before choosing.

Platforms

AssetAccountant is cloud-deployed and available via web and API. Its listed accounting integrations include Xero, QuickBooks Online, Sage Intacct, Rental Car Manager, and Microsoft Dynamics 365.

Who it's for

US CPA firms managing multiple client registers and businesses that need fixed-asset depreciation alongside lease accounting are the clearest fit. Multi-entity management under one login helps consolidate administration, while the tier progression lets buyers add workflow depth as needs grow. It is a poor fit for someone who needs leases on a free plan or a simple, low-cost register without tax depreciation requirements.

Pros and cons

• Pro: Tax and book depreciation run side by side with multiple methods, supporting more than basic asset tracking.
• Pro: ASC 842 and IFRS 16 lease workflows combine lease schedules and right-of-use amortization with asset accounting.
• Pro: Multi-entity management and journal exports make it adaptable to firms with multiple clients or businesses using other ERPs.
• Con: Free use is capped at 10 assets and excludes leases, limiting its usefulness beyond a small trial register.
• Con: Premium pricing is by annual quote, so large or complex buyers cannot assess its price from a fixed published rate.

Alternatives

For a broader category comparison, browse Fixed Asset Management Software.

• Fixed Asset Register is worth considering if Android or Windows access is important alongside web; it has a free plan and trial.
• AssetCenter may suit users seeking mobile platforms as well as API and web access; its free tier allows 25 available or deployed assets but has no reports.
• AssetFrog is an option for a free allowance of up to 50 assets and access across mobile, desktop, and web platforms.
• Sage Fixed Assets is another paid fixed-asset option.
• AssetsTrak is another paid option with web and mobile platforms.
• Minty Assets may fit a smaller register: its free tier covers 50 assets in one company and includes straight-line or no depreciation plus reports and CSV import/export.
• AssetLens is a paid alternative with self-hosted and web deployment and a free trial.
• Capitova is a paid option for web, Windows, or Linux.

Verdict

Choose AssetAccountant if your firm or business needs tax and accounting depreciation, multi-entity management, and lease accounting in one cloud platform. Its main strength is that breadth; its main drawback is the sharp gap between a small, lease-free free plan and custom annual pricing for large or complex portfolios. Look elsewhere if your register is small and simple, or if you need a clear fixed price before committing.