AssetFrog vs Minty Assets

AssetFrog is a cloud-based asset management system that tracks fixed assets and calculates depreciation for financial reports, forecasts and budgets. Each record can include an asset’s location, assigned user and current status. Staff can check out assets with due dates and notes, with returns tracked; invoices, contracts and other files can be attached. Custom fields can be set by asset category. From a mobile browser, users can scan barcodes or QR codes to register, update or check assets, and an import wizard supports migration and bulk registration of identical assets. AssetFrog is available on Android, iOS, macOS, web and Windows, with an installable progressive web app on those devices. It is cloud-only, with no on-premises version. The free plan covers up to 50 assets, one user and three custom fields. Paid plans are billed annually, starting at A$16 a month for up to 100 assets, unlimited users and 30 custom fields. AssetFrog states that it uses 256-bit SSL encryption, Amazon AWS hosting and encryption for stored documents.

Minty Assets is web-based fixed asset register and depreciation software for book accounting, audit trails, journal entries and report exports. It supports component accounting, so parts of an asset can have separate costs, residual values, useful lives, depreciation methods and in-service dates. Listed methods include Straight Line, Declining Balance, Double Declining Balance, Sum of Years Digits and No Depreciation. Its workflows cover IAS 16 component accounting, IAS 36 impairment events, IFRS 5 held-for-sale classification, disposals and annual estimate reviews. Users can preview, post, reverse and export balanced depreciation journals traceable to assets and components. Eight reports include an asset register, depreciation schedule, roll forward, expense summary and journal report. The CSV import wizard maps and validates columns and can create opening accounting history for partially depreciated assets. Journal exports include Xero, QuickBooks and Sage presets, as well as custom mappings. Starter is free, billed Forever; Pro is $9 a month, billed annually. Accountant is $29 a month, billed annually. US tax depreciation and MACRS are unsupported.