Depreciation That Posts Itself, Correctly, Every Month
Register an asset once and Fintra builds the depreciation schedule, posts the monthly entry automatically, and keeps net book value current on the balance sheet.
What fixed asset management in Fintra does
Fixed assets are easy to buy and easy to forget to depreciate correctly. Fintra keeps a register of every asset - purchase date, cost, useful life, method - and generates the depreciation schedule from it automatically, posting the monthly journal entry as part of the regular close instead of a separate spreadsheet exercise.
- Asset register with purchase cost, useful life, and depreciation method per asset
- Automated depreciation schedules - straight-line and other standard methods
- Monthly depreciation entries posted directly to the ledger
- Disposal and write-off handling that closes out the schedule correctly
Core capabilities
| Capability | What it does | What it replaces |
|---|---|---|
| Asset register | Records every asset with cost, life, method, and location | A spreadsheet tab nobody updates after purchase |
| Depreciation schedules | Builds the full schedule automatically from asset setup | Manually calculating monthly depreciation per asset |
| Auto-posting | Posts the monthly depreciation entry to the ledger | A recurring manual journal entry someone has to remember |
| Disposals | Closes the schedule and books gain or loss on disposal | Ad hoc write-off entries with no schedule cleanup |
| Net book value reporting | Shows current NBV per asset and in aggregate | Reconstructing NBV from purchase records at year-end |
How it works
From purchase to fully depreciated
- 1
Register the asset
Enter purchase cost, in-service date, useful life, and depreciation method - once.
- 2
Schedule generates
Fintra builds the full depreciation schedule immediately, showing the monthly expense for the asset’s life.
- 3
Post monthly
Each month’s depreciation entry posts automatically as part of the standard close.
- 4
Track net book value
The asset register always shows current net book value, no separate calculation needed.
- 5
Record disposal
When an asset is sold or retired, Fintra closes its schedule and books the resulting gain or loss.
Governed automation
Depreciation postings are routine enough to automate, but they still post through the same approval discipline as any other journal entry. AgentFence policy allows the depreciation schedule to generate and propose the monthly entry automatically, while a controller retains the ability to review the run before it is treated as final for the period.
Frequently asked questions
Which depreciation methods does Fintra support?
Straight-line depreciation is the standard method, with schedules built automatically from cost, useful life, and in-service date. This covers the depreciation approach most SMBs use for financial reporting; consult your accountant on tax depreciation methods, which can differ from book depreciation.
Does depreciation post to the ledger automatically?
Yes. Once an asset is registered, its monthly depreciation entry generates and posts as part of the regular close process, keeping accumulated depreciation and net book value current without a recurring manual journal entry to remember.
What happens when I sell or dispose of an asset?
Recording a disposal closes out that asset’s depreciation schedule and calculates the resulting gain or loss based on sale proceeds versus remaining net book value, posting the entry directly - no manual calculation of accumulated depreciation needed.
Can I track assets by department or location?
Yes, using Fintra’s dimensional accounting. Assets can carry department, location, or project tags, so depreciation expense reports by dimension the same way any other expense does, without a separate asset-tracking system.
Stay in the loop
One practical finance briefing a week - new guides, checklists, and benchmarks.
Stop calculating depreciation by hand
Start free, no card required. Register an asset and let the schedule build and post itself.
Talk to us