domain Fixed Assets

Track every asset from purchase to disposal

Build a complete fixed-asset register, run depreciation automatically, and record disposals with gain or loss — all posted straight to your general ledger. Always know what you own and what it is worth.

Depreciation methods

Auto

Journal posting

Live

Net book value

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Month-end depreciation used to be a spreadsheet nightmare. Now it is one click and it posts itself.

Certified Public Accountant

app.wisobooks.com/accounting/fixed-assets

WisoBooks fixed assets register with registered assets, total cost, accumulated depreciation and net book value

Overview Asset Register Depreciation Disposals FAQ

A single source of truth for everything you own

Capture cost, purchase date, useful life, serial number and warranty. WisoBooks keeps accumulated depreciation and net book value current, and balances it against your accounts automatically.

inventoryFull asset register

scheduleAutomatic depreciation schedules

sellDisposal gain/loss

Total cost

$184,000

inventory_2 Registered

Accumulated

$46,200

trending_down Depreciation

Net book value

$137,800

account_balance On balance sheet

inventoryFeature focus

An asset register that holds the whole story

Record each asset once with everything that matters, then track it through draft, registered and disposed states. Search by name, number, type or description in seconds.

check_circleAsset name, number, type, serial number and description
check_circlePurchase price, purchase date and useful life
check_circleWarranty expiry and status tracking
check_circleDraft, Registered and Sold/Disposed states
check_circleLive KPIs: registered assets, total cost and net book value

Code	Asset	Cost	Method	Net book value
FA-001	Delivery Van	$42,000	Straight line	$31,500
FA-002	Warehouse Racking	$18,000	Straight line	$14,400
FA-003	Laptops (x10)	$24,000	Declining balance	$12,000
FA-004	Office Fit-out	$100,000	Straight line	$79,900

trending_downFeature focus

Run depreciation once. It posts itself.

Choose the method per asset and let WisoBooks build the schedule and post the journals. Accumulated depreciation and net book value stay accurate without a single manual entry.

check_circleStraight-line depreciation
check_circleDeclining balance depreciation
check_circleDouble-declining balance depreciation
check_circleNo-depreciation option for land and similar assets
check_circleAutomatic journal posting and depreciation schedule

Straight line — Delivery Van$700/mo

Declining balance — LaptopsAuto

Run depreciation — JunePosted

Net book value updatedReal-time

sellFeature focus

Dispose of an asset and book the gain or loss instantly

When you sell, scrap or write off an asset, record the disposal date and proceeds. WisoBooks removes it from the register and calculates the gain or loss on disposal automatically.

check_circleDisposal date, method and proceeds
check_circleAutomatic gain or loss on disposal
check_circleAsset moved to Sold/Disposed with full history
check_circleClean balance sheet and accurate fixed-asset notes

Asset	Net book value	Proceeds	Gain/Loss
Delivery Van	$31,500	$34,000	+$2,500
Laptops (x10)	$12,000	$9,500	-$2,500

help_outline FAQ

Fixed-asset questions, answered

Which depreciation methods are supported?

Straight-line, declining balance and double-declining balance, plus a no-depreciation option for assets like land.

Does it post depreciation to the ledger?

Yes. Running depreciation creates the journal entries automatically and keeps accumulated depreciation and net book value in sync with your accounts.

Can I record asset disposals?

Yes. Record a disposal with date and proceeds and WisoBooks calculates the gain or loss on disposal for you.

Which plans include fixed assets?

Fixed assets are included on the Plus and Advanced plans.