Fixed assets in two books, IFRS and tax, without spreadsheets.
Each asset’s record, each month’s depreciation and deferred tax in the same system as your accounting.
Every asset, with its history and its current value.
From acquisition to disposal, with the accounting entries and the controls the standards require.
Asset record
Tag number, photo, QR label, location, custodian, cost center and components.
Depreciation in two books
Calculates IFRS and tax depreciation every month and posts IFRS depreciation by cost center.
Tax useful lives
Preloaded table with current regulations (Art. 137 of the Colombian Tax Code).
Impairment and revaluation
Impairment losses (IAS 36) and fair value revaluations (IAS 16), with their entry.
Physical count by phone
Scan tags with your phone, even offline, and get what was found and what’s missing.
Transfers with handover record
Change location, custodian or cost center and generate the handover record.
Maintenance
Preventive and corrective, with who did it, what it cost and the next date.
Deferred tax
The IFRS vs. tax difference at the cutoff date, with the income tax or capital gains tax rate.
Acquisitions, additions, disposals and sales
Capitalize construction in progress, add improvements and write off assets with their entry.
The information to decide, without building reports.
All of them export to Excel and PDF.
- IFRS vs. tax differences and 12-month depreciation projection
- Depreciation by cost center and assets by custodian or location
- Fully depreciated assets still in use, and insurance policies and warranties about to expire
- Fixed assets dashboard: net value by group, accumulated depreciation, alerts and deferred tax
Depreciation is posted on its own.
Acquisitions take what has accumulated in the assets-to-capitalize accounts, depreciation generates the expense by cost center, and everything respects period locking.
Included in:can be added to any plan. Compare plans
Questions about fixed assets
Does it handle IFRS and tax at the same time?
Yes. Each asset has estimates in both books, and there is a differences report.
Can I do the asset inventory with my phone?
Yes. The physical count reads tags with your phone, even offline, or with a barcode scanner.
How do I load the assets I already had?
With an opening-balance acquisition, without an entry, stating the accumulated depreciation and the months already depreciated.
Does it calculate deferred tax?
Yes, at the cutoff date, comparing IFRS and tax values.
How much does it cost?
It depends on the modules and users you need. Request a demo and we’ll send you a proposal.
Other modules:AccountingTreasury and bankingAccounts receivableAccounts payablePublic sector budgetInventory and invoicingMaterials and purchasingProduction planningProduction and costingElectronic payrollE-invoicing
See Sincow fixed assets with your company’s assets.
We show you the system using your company’s own processes. No commitment.