Finance
Five Depreciation Methods, Full IFRS 16 Support, Built In
Automate depreciation and right-of-use assets on the same record ops uses — so books stay tied to the registry, not a shadow spreadsheet.
Overview
What finance covers in the platform
Capitalize, depreciate, adjust, and report on the same asset record as operations.
Five depreciation methods
Run the calculation your policy calls for — not a single fixed formula.
IFRS 16 ROU tracking
Keep right-of-use assets and lease liabilities on the register.
Period-ready exports
Pull values, adjustments, and closeouts when books need proof.
Finance path
Challenges
What finance workflows solve
Shadow finance books
Ops tracks assets in one system; finance recalculates depreciation in another.
One method fits none
Policies need multiple calculation methods, but tools only offer straight-line.
Lease assets drift
IFRS 16 ROU values and liabilities live in spreadsheets that fall out of date.
Impairment is manual
Fair value and write-downs land in email — not on the asset timeline.
Capabilities
What finance workflows deliver
Need physical verification next? Continue to Audit & Reconciliation.
How it works
Five steps, one finance cycle
- Capitalize
- Method
- Run
- Adjust
- Report
Outcomes
What teams gain from register-backed finance
One source of NBV
Depreciation runs on the same asset ops and audit already trust.
IFRS 16 without side sheets
ROU assets and liabilities stay current on the register.
Faster period close
Adjustments and exports leave an evidence trail controllers can use.
Who it's for
Built for the teams that own the books
Three roles. One finance cycle.
Finance & procurement
Run methods, ROU, and period exports without a parallel asset workbook.
Controllers & accounting
Close periods with NBV, impairments, and lease values on one record.
Ops & asset owners
Keep custody and condition updates that finance calculations already depend on.
Continue exploring
Related capabilities
Frequently asked questions
What depreciation methods does asset management software support?
AssetZA supports five depreciation methods so each asset class can follow policy — not a single straight-line default.
What is IFRS 16 ROU asset tracking?
IFRS 16 right-of-use (ROU) tracking keeps leased assets and related liabilities on the same register as owned assets, with values that stay tied to the asset record.
Do finance and operations share the same asset record?
Yes. Depreciation, ROU, and adjustments run on the same timeline as custody and condition — so books are not rebuilt from a shadow list.
How is this different from the IFRS 16 calculator tool?
This module page covers the platform capability for depreciation and ROU inside AssetZA. The IFRS 16 ROU Asset Calculator is a standalone tool for quick lease estimates — use both; they serve different intents.
Can we export for period close and audit?
Yes. Period runs, adjustments, and ROU values export with the asset evidence trail finance and audit expect.