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Fixed assets

A fixed-asset register with depreciation worked out to the paise

Keep a fixed-asset register and compute correct depreciation, straight-line (SLM) or written-down-value (WDV), with a month-by-month schedule, accumulated depreciation and net book value per asset.

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What it solves

Depreciation is where hand-kept books quietly go wrong: a full month charged for an asset bought on the 20th, a straight-line schedule that doesn't foot, a reducing-balance asset written below its scrap value. Finocket keeps a proper asset register and works the depreciation out for you: pro-rated from the day each asset was put to use, floored at its salvage value, and reconciled so a straight-line schedule sums to the depreciable base exactly.

How we're different

The maths is pinned by golden tests to the paise and runs in integer paise, so there's no rounding drift: the first part-month is pro-rated by days, the salvage floor is never breached, and the rounding residual lands on the final period so the schedule foots. Migrating an asset mid-life? Enter the accumulated depreciation already taken and the schedule continues from the right book value.

Fixed assets in Finocket: each asset with its depreciation method, accumulated depreciation and net book value
Finocket dashboard showing earnings, spend and outstanding at a glance
What it does

Inside Fixed assets

01

SLM and WDV, computed correctly

Straight-line on useful life, or written-down-value on an annual rate, with each asset's full month-by-month schedule, accumulated depreciation and net book value, worked out for you.
Fixed assets in Finocket: each asset with its depreciation method, accumulated depreciation and net book value
02

Pro-rata from put-to-use

Depreciation starts the day the asset is put to use and the first part-month is pro-rated by days, so the first period is never over-charged.
Finocket dashboard showing earnings, spend and outstanding at a glance
03

Salvage floor, exact footing

Depreciation never drops below salvage value, and a straight-line schedule sums to the depreciable base exactly. The rounding residual is assigned to the final period.

Fixed assets

Salvage floor, exact footing

04

Dispose and migrate

Dispose an asset with its date and sale amount and depreciation stops from that month; migrate a mid-life asset by entering the depreciation already taken.

Fixed assets

Dispose and migrate

Works with the rest of Finocket

Reports & books
Each asset's accumulated depreciation and net book value give you the fixed-asset picture alongside your financial reports.
Sales & purchase orders
Raise a purchase order for a capital purchase, then add the delivered asset to the register and depreciate it.

Part of Double-entry books. See how every module connects.

Questions

Which depreciation methods are supported?

Both straight-line (SLM), based on a useful life in months, and written-down-value (WDV), based on an annual reducing-balance rate. Each asset picks its own method.

Is the first month pro-rated?

Yes. Depreciation starts from the put-to-use date (falling back to the purchase date) and the first part-month is pro-rated by days, so an asset bought mid-month isn't charged a full month.

Can I migrate an asset that's already part-depreciated?

Yes. Enter the accumulated depreciation taken so far and the schedule continues from the correct opening book value rather than from cost.

You know what each asset is really worth today, pro-rated from the day you put it to use.

Learn how it works

Fixed assets & depreciation

Keep a fixed-asset register and let Finocket compute depreciation (SLM or WDV, to the paise), day-pro-rated from the day each asset was put to use. Posting writes a balanced Dr Depreciation / Cr Accumulated voucher, idempotent per asset and period, with gain or loss on disposal.

Budgets & ratio analysis

Read your books like an analyst: standard financial ratios (profitability, liquidity, leverage, efficiency) and a budget-vs-actual comparison, both from your double-entry books.

Scheduled report emails

Put any report on autopilot: email Receivables ageing, Payables ageing or Financial ratios as a PDF or CSV on a daily, weekly or monthly schedule. You get the same numbers you see on screen, delivered to your inbox.

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Ready to ditch the spreadsheet?

Free for solo users until 31 Dec 2026 — no partner code needed. ₹99/month after that. No credit card. Your books stay yours.

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