From acquisition to disposal — full lifecycle, IFRS & GAAP-compliant, integrated with your GL. Five depreciation methods, multi-currency, and automatic journal entries on every asset event.
Everything you need to manage the financial lifecycle of your assets
Maintain a complete register of all fixed assets with acquisition cost, location, department, serial number, and useful life. Assign asset tags and track assets across entities.
Straight-Line (SL), Double Declining Balance (DDB), Sum-of-Years-Digits (SYD), and Units of Production. Automatic schedule generation with posted journal entries each period.
From capitalization to inter-entity transfer to disposal — every lifecycle event generates a balanced GL entry. Track gain or loss on disposal automatically.
IAS 16 revaluation model and IAS 36 impairment testing. Full IFRS 16 lease accounting with right-of-use assets and lease liability amortization schedules.
Every asset transaction posts directly to the cifraHQ general ledger in the same tenant database. Run Fixed Assets for multiple legal entities from a single environment.
Complete audit log of every asset event. Standard reports: Asset Schedule, Depreciation Register, Disposal Summary, Net Book Value by category and department.
Faster close, cleaner audits, zero reconciliation
Depreciation runs automatically at period close and posts directly to your GL — no spreadsheet imports, no manual journal entries.
Every asset event is traceable to its source document and GL posting. Auditors get a complete, timestamped history with no gaps.
Manage assets across multiple legal entities in the same tenant. Full multi-currency support for international asset portfolios.
Fixed Assets lives inside cifraHQ — same database as your AP, AR, and GL. No exports, no integrations to maintain, no reconciliation headaches.
Explore the full cifraHQ ecosystem
cifraHQ Fixed Assets handles the accounting side — depreciation, GL, IFRS. ActivoHQ is our separate standalone product for operational asset tracking and maintenance management: work orders, meter readings, preventive maintenance schedules, and field technician workflows.
Explore ActivoHQ →Common questions about cifraHQ Fixed Assets
cifraHQ Fixed Assets supports four depreciation methods: Straight-Line (SL), Double Declining Balance (DDB), Sum-of-Years-Digits (SYD), and Units of Production. Each method calculates depreciation schedules automatically and posts the resulting journal entries to the general ledger.
Yes. cifraHQ Fixed Assets is compliant with both IFRS (including IFRS 16 for lease accounting) and US GAAP standards. You can maintain parallel books with different depreciation policies per reporting standard.
Every asset event — acquisition, depreciation run, revaluation, impairment, disposal, or transfer — posts a balanced journal entry directly to the cifraHQ general ledger in the same tenant database. There are no CSV exports or manual reconciliation steps.
cifraHQ Fixed Assets is an accounting-focused module for financial reporting: depreciation schedules, IFRS 16 leases, revaluation, and GL integration. ActivoHQ is a separate standalone product focused on operational asset tracking and maintenance management. They serve different purposes and can be used together.
See how cifraHQ Fixed Assets eliminates depreciation spreadsheets and integrates directly with your general ledger.