Every asset event hits the ledger, always in balance
A double-entry asset subledger — acquisition, depreciation, revaluation, impairment, disposal — every event posting a balanced journal.
Everything Fixed Assets handles
Four real depreciation methods
Straight-line, declining balance, sum-of-years-digits, and units-of-production — each computed in code, with monthly override and a residual-value floor.
Depreciation runs that post and reverse
A run debits depreciation expense and credits accumulated depreciation as a posted journal with a ledger document; the latest run can be reversed with a full audit trail.
IAS 36 impairment
Recognize a loss when recoverable amount falls below carrying amount, and reverse it later per IAS 36 — each event tracked individually.
IAS 16 revaluation
Upward revaluations credit revaluation surplus, downward ones exhaust surplus before charging P&L, and the forward depreciation base resets — routed to OCI or P&L correctly.
Disposal with gain or loss
Disposal builds a balanced retirement entry — cash, accumulated-depreciation relief, cost clearing, and gain or loss — posted atomically with the status change, and fails closed on missing FX.
Assets under construction
Capitalize an asset from an investment internal order — the asset is created and its cost moved from AUC, with partial capitalization tracked against actual spend.
From action to ledger, in four steps
- 1Register
Create the asset under an asset class with default accounts, useful life, method, and residual — or capitalize it from an AUC order.
- 2Depreciate
Create a periodic depreciation run; each asset’s charge is computed by its own method into per-asset detail.
- 3Post
Posting the run writes the balanced expense-and-accumulated-depreciation journal — the subledger never moves without a GL counterpart.
- 4Adjust
Revalue, impair, transfer, or dispose — each recomputes carrying amount and posts its own balanced, period-guarded entry.
Real screens, real data
Standards-aligned, and always traceable
Revaluation follows IAS 16 and impairment follows IAS 36, including reversals routed to OCI or P&L per the standard. Every system-generated asset entry carries a source tag and a linked ledger document — a traceable path from subledger to ledger.
What you get
- The asset subledger stays reconciled to the GL — every event posts a balanced entry.
- Standards-aligned revaluation and impairment, including reversals.
- Backdated events land in the correct period; closed periods are blocked.
- Mistakes are recoverable — runs and impairments reverse rather than edit in place.
- Multi-currency assets fail closed without a rate, so nothing posts untranslated.
Frequently asked questions
Which depreciation methods does LedgerQ support?
Straight-line, declining balance, sum-of-years-digits, and units-of-production — each computed in code, with a monthly override and a residual-value floor.
Does every asset event hit the ledger?
Yes. Acquisition, depreciation, revaluation, impairment, and disposal each post a balanced journal — the subledger never moves without a GL counterpart, and every entry carries a source tag and a linked ledger document.
Are revaluation and impairment standards-aligned?
Yes. Revaluation follows IAS 16 — upward revaluations credit revaluation surplus, downward ones exhaust surplus before charging P&L — and impairment follows IAS 36, including reversals routed to OCI or P&L per the standard.
What about backdated events and multi-currency assets?
Backdated events land in the correct period and closed periods are blocked. Multi-currency assets fail closed without a rate, so nothing posts untranslated.