IFRS book accounting for fixed assets
A fixed asset register with component depreciation, journal entries, and IFRS lifecycle workflows built into the close process.
50
assets on the free plan
5
book depreciation methods
8
audit-ready reports
IAS 16
plus IAS 36 and IFRS 5 workflows
Month-end control room
Minty Assets keeps the asset subledger practical: accountants can review active and fully depreciated assets, trace depreciation to components, and see movement history before journals leave the system.
What is covered
The app is structured around the workflows accountants run repeatedly: prove the register, post depreciation, explain movements, and export balanced entries.
Track separable asset components with their own cost, residual value, useful life, method, and in-service date.
Preview, post, reverse, and export balanced depreciation journals with direct asset and component traceability.
Handle improvements, partial disposals, impairments, revaluations, held-for-sale classification, and annual estimate reviews.
Run 8 reports across register, depreciation, roll-forward, activity, disposals, fully depreciated assets, expenses, and journals.
Close workflow
Every major book movement is captured as an accounting event, then reflected in depreciation, journals, roll-forward reporting, and exports.
01
Register or import assets, then create opening cost and accumulated depreciation history.
02
Capture useful life, method, and residual value evidence for annual IFRS estimate reviews.
03
Calculate by component, cap at residual value, and post balanced journal entries.
04
Record improvements, impairments, revaluations, and held-for-sale classification.
05
Calculate date-capped NBV, partial disposal values, proceeds, and gain or loss.
Reports and exports
Filter reports by date, category, location, department, status, and asset movement. Export journal entries with presets for Xero, QuickBooks, Sage, or your own column mapping.
| Date | Account | Source | Debit | Credit |
|---|---|---|---|---|
| 2026-04-30 | 6100 | Depreciation | $38,420 | |
| 2026-04-30 | 1520 | Accumulated dep. | $38,420 | |
| 2026-04-30 | 3500 | Revaluation reserve | $72,000 |
Pricing
No credit card. Upgrade when your register or accounting workflow needs more room.
For a small fixed asset register
FREE
Forever
For month-end asset close
$9
per month, billed annually
For firms and multi-entity work
$29
per month, billed annually
FAQ
Minty Assets is fixed asset register and depreciation software for businesses that need book accounting, audit trails, journal entries, and report exports without maintaining a spreadsheet model.
Minty Assets supports Straight Line, Declining Balance, Double Declining Balance, Sum of Years Digits, and No Depreciation for land or assets under construction. Pro and Accountant plans include all 5 book methods.
Yes. The book workflow covers IAS 16 component accounting and revaluation model events, IAS 36 impairment events, IFRS 5 held-for-sale classification, disposals, and annual estimate review evidence.
No. This pass is focused on book accounting. US tax depreciation and MACRS are explicitly unsupported.
There are 8 audit-ready reports: Asset Register, Depreciation Schedule, Roll Forward, Expense Summary, Disposals, Fully Depreciated Assets, Journal Report, and Asset Activity.
Yes. The CSV Import Wizard maps columns, validates rows, supports current accumulated depreciation values, and can create the opening accounting history needed for partially depreciated assets.
Viewer users can view and export, editors can create and run depreciation, admins can dispose, delete, manage settings, and manage the team, and owners control billing and company deletion.
Start with 50 assets free. Add journals, reports, and IFRS lifecycle controls when the register grows.
Create Free Account