Asset depreciation that recalculates daily, not at month-end.

Why daily, not monthly?

Most asset tools store cost and purchase date and leave the rest to a finance spreadsheet. The result is a register that's correct on the 1st of the month and drifts every day after — until someone reconciles it back. The longer the drift, the harder a mid-month disposal, transfer or impairment is to defend.

AssetTrack recalculates net book value, accumulated depreciation and remaining useful life every night, per asset, against the category's depreciation schedule. Open any asset and the numbers are correct for today, not last month-end.

Per-category straight-line, with the levers finance expects

• Useful life set per category (laptops 3y, servers 5y, vehicles 6y, fit-out 10y, etc.) with a per-asset override for one-off exceptions
• Residual value supported — depreciate to a non-zero terminal value where the asset class warrants it
• Mid-month disposal: pro-rated depreciation up to disposal date, gain/loss vs carrying value posted to a disposal line
• Impairment events captured as one-off write-downs that flow through the register
• Sweat-the-asset status extends useful life without re-opening already-depreciated periods

Replacement value, separate and on purpose

The number your accountant cares about (net book value) and the number your insurance broker cares about (replacement value) are not the same number. AssetTrack tracks both on every asset. NBV drives the fixed-asset register; replacement value drives the insurance schedule. When the laptop is two years old, NBV might be R8,000 and replacement value R28,000 — both are correct and both have to be defensible.

Exports that reconcile to the general ledger

The fixed-asset register export gives one row per asset with opening cost, additions, disposals, accumulated depreciation, current-period charge and closing net book value — the columns external auditors expect. Disposal lines include the carrying value and disposal proceeds so gain/loss is explicit, not derived.

Native exports to Xero and Sage are on the integrations roadmap; for now, the CSV maps directly to standard fixed-asset register journal templates.