Fixed Asset Register

Fixed Asset Register is cloud software for Indian organisations that need statutory and tax depreciation, field verification and accounting-ready asset records in one system. It is best suited to CA practices, SMEs and multi-location groups; smaller teams should weigh its free-tier cap and paid-plan limits before committing.

Overview

Operated by Hyderabad-based Sompalli & Co Technologies, founded in 2024, the product combines a central register with mobile audits, endpoint discovery and exports for downstream accounting. Its strongest differentiator is the India-specific treatment of Companies Act and Income Tax depreciation alongside operational controls such as QR reconciliation.

Migration can start from Excel, Tally exports or CSV files. Smart mapping recognises more than 40 common column patterns, reducing the effort of bringing an existing register into the service.

Key features

Depreciation runs in parallel for Companies Act 2013 straight-line and written-down-value methods and for Income Tax block-of-assets rules. Mid-year additions and the sub-100-day rule are included, giving finance teams a way to maintain statutory and tax views without duplicating registers. The product supports three depreciation methods overall and tax depreciation.

QR and barcode scans record location, custodian, condition and timestamp. Reconciliation reports show scanned assets against recorded assets, which makes the system useful for planned verification campaigns rather than simple inventory storage. The Android app handles lookup, scanning, transfers and disposals, with an offline cache for work away from a dependable connection.

A lightweight Windows agent discovers manufacturer, model, CPU, RAM, disk, MAC address, operating system, hostname, IP address and logged-in user. That extends coverage to computer endpoints without relying solely on manual entry. General-ledger exports are compatible with Tally, Zoho, SAP and other accounting systems; Enterprise customers can request API, ERP and Tally integrations.

Security controls include TLS 1.3 in transit, AES-256 at rest, daily backups, role-based access and audit logging, with ISO-grade hosting in Indian data centres. Enterprise deployment can be on-premises or in a private cloud where residency or compliance requirements demand it. The provider says it does not sell personal or client data.

Pricing

PlanPrice and allowanceWhat it suitsStarter Free₹0.00, billed free; 10 fixed assets, 1 user; dashboard, basic reports, Excel import/export and QR labelsIndividuals or very small registers; it omits the scale and specialist reporting of paid tiers.Growth₹2,000.00 per month, billed monthly; 500 assets, 10 users; depreciation reports, physical-verification audits and priority email supportSmall and mid-sized teams needing the core statutory and audit workflow.Business₹5,000.00 per month, billed monthly; 5,000 assets, 50 users; multi-unit or branch structure, bulk import, label PDF, audit trail and verification moduleGrowing or multi-location organisations that have outgrown Growth.EnterpriseCustom pricing and limits; implementation, training, requested ERP/Tally integration, purchase requisition-to-order workflow and dedicated supportLarge or regulated deployments requiring tailored limits, integrations or deployment control.Growth is the practical starting point for a 500-asset operation, but its ceiling is firm. Business costs ₹3,000 more per month while increasing the allowance tenfold and adding branch and audit controls. Enterprise is the route for custom capacity and private-cloud or on-premises deployment. A free plan and free trial lower the entry barrier, although the free plan is limited to one user and 10 assets.

Platforms

Fixed Asset Register runs on the web, Android and Windows. Android covers field verification and asset actions, while the Windows agent supplies automated endpoint data. Enterprise deployment adds on-premises and private-cloud options.

Who it's for

Indian Chartered Accountant firms can use the parallel statutory and tax calculations and accounting exports across client registers. SMEs gain a structured way to combine QR audits with depreciation. Multi-location groups are better served by Business or Enterprise because branch structures, higher quotas, user capacity and tailored integrations matter at scale.

Pros and cons

Pros

Companies Act and Income Tax depreciation run together, including mid-year and sub-100-day treatment.

QR reconciliation captures custody and condition, not just an asset identifier.

Offline-capable Android workflows support field campaigns, transfers and disposals.

Windows discovery and Tally, Zoho and SAP-compatible exports reduce manual endpoint and ledger work.

Indian data-centre hosting, encryption, backups and audit logging support controlled deployments.

Cons

Starter Free covers only 10 assets and one user, so it is a demonstration tier for most organisations.

Growth stops at 500 assets and 10 users; teams beyond that must pay for Business or seek Enterprise terms.

Enterprise pricing and limits are custom, making budgeting harder for larger buyers.

Alternatives

Choose Fixed Asset Management Software for a broader category comparison. AssetFrog is a better fit when iOS and macOS matter, with a free 50-asset tier and a 100-asset paid plan. AssetCenter suits buyers wanting Android, iOS, web and API access, including a no-time-limit free tier for 25 assets. xAssets ITAM is preferable when self-hosting or endpoint-focused deployment is central, with a free Express edition for one user and 100 endpoints. AssetAccountant offers a free 10-asset tier with nearly all features and integrations except leases. AssetsTrak is an alternative for organisations needing Linux or self-hosted platforms as well as mobile and web access. AssetComply provides a free Android/web option for up to 100 assets. Bassets eDepreciation starts at $9.99 per user monthly for up to 5,000 assets and is aimed at buyers seeking a paid desktop/web depreciation product. Minty Assets is a lower-cost web alternative with a free 50-asset starter plan.

Verdict

Fixed Asset Register is a strong choice for Indian CA firms, SMEs and multi-location groups that need statutory and tax depreciation, QR verification and accounting exports together. Its main reason to look elsewhere is scale or pricing uncertainty: the free tier is tiny, Growth tops out at 500 assets, and Enterprise requires a custom quote.