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Sales & invoicingQuotes, invoices, credit notes, receipts E-invoicingFatoora phase 1 and phase 2 PurchasesPOs, supplier bills, approvals BankingStatements, rules, matching, reconciliation Inventory & manufacturingWarehouses, counts, bills of material ReportsP&L, balance sheet, aging Payroll from HRThe payroll journal arrives posted Fixed assetsRegister, depreciation, disposals Tax & ZakatVAT return, withholding, Zakat AutomationRecurring documents, alerts, close IntegrationsAPI, webhooks, payment gateways All features
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Fixed assets

An asset register, and depreciation computed monthly and posted with its journal

Each asset with its cost, in-service date, life and method — straight-line or declining — a schedule per asset, a monthly run that posts the journal and catches up on missed months, allocation across cost centres, and disposal at a gain or a loss.

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Available from the Pro plan Hosted in the Kingdom
The asset register: cost, accumulated depreciation, book value, and the month's run.

The asset register: cost, accumulated depreciation, book value, and the month's run.

What it does

Fixed assets

The asset register

Each asset with its cost, in-service date, useful life, salvage value, serial number and location, tied to the bill it was bought on.

Straight-line or declining

A method per asset, and the declining method at an annual rate switches to straight-line once that is larger, so no asset sits on the books for ever.

A monthly run that catches up

Running the month's depreciation posts one journal for every asset, and if a month or more was missed, the next run picks them up.

Older assets with their accumulated depreciation

An asset bought years ago is registered with its accumulated depreciation and the month it is struck at, so it is neither depreciated twice nor restarted from zero.

Allocation across cost centres

An asset's depreciation is split across one or more branches or departments by percentage, and shows in every centre's profit.

Disposal with its journal

Selling or writing off an asset creates the disposal journal with its gain or loss, linked to the sales invoice if there is one.

From inside the product

Real screens from Basmtak Books, with sample data.

Fiscal periods: every month with its status, open or locked.
Fiscal periods: every month with its status, open or locked.
The journal list: the monthly depreciation journal among the rest.
The journal list: the monthly depreciation journal among the rest.
How it flows

The life of an asset

From the purchase bill to the disposal journal.

  1. Register the asset

    From its purchase bill, or by hand with its accumulated depreciation if it is older.

  2. Choose the method and the life

    The full depreciation schedule is built.

  3. Run the month's depreciation

    One journal for every asset, catching up on what was missed.

  4. Check the register against the account

    Accumulated depreciation in the register equals its balance in the ledger.

  5. Dispose with its journal

    By sale or write-off, at its gain or loss.

Where it stops today

We write down what we have not built yet, so you do not discover it after subscribing.

  • The monthly depreciation run is started by the accountant with one click; it does not yet run on its own in the background, but it catches up on every missed month in one go.

Related pillars

Reports Purchases Automation All features
Common questions

Fixed assets

I have assets bought years ago in my old system — how do they come in?

Register them at their original cost with their accumulated depreciation up to a given month. Depreciation starts the following month on the remaining value, and past months are not repeated.

Can one asset's depreciation be split across branches?

Yes, by percentages you set per asset, so each branch's share shows in the cost-centre profit report.

What happens when an asset is sold?

The asset and its accumulated depreciation are closed, and the difference between book value and the sale price is recorded as a gain or loss in the disposal journal, linked to the sales invoice.

Register your assets in the trial

Upload your asset register with its accumulated depreciation and see every asset's schedule.

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