AssetsTrak vs Minty Assets

AssetsTrak is fixed asset management software for Indian businesses, with a central register that follows assets from purchase and capitalization through transfers, maintenance, retirement, and disposal. QR code, barcode, and RFID tagging support tracking and physical audits, including bulk label printing. Android and iOS apps can scan offline and sync queued scans when a connection returns. Approval workflows cover transfers, maintenance send-outs, and disposal; an audit trail records changes and attachments with timestamps. Its depreciation engine calculates schedules for Companies Act 2013 Schedule II and Income Tax Act block assets. Reports include CARO 2020 fixed asset statements and physical verification discrepancies, with Excel or PDF export. AssetsTrak is available as cloud SaaS or on-premise, including air-gapped deployments. The maker describes cloud infrastructure as SOC 2 compliant and says data is encrypted in transit using HTTPS/TLS 1.3. On-premise installations keep data within a private network and support Active Directory or LDAP SSO. Pricing is on request; a free live demo is available by request, with no trial period specified.

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.