Bassets eDepreciation vs Minty Assets

Bassets eDepreciation tracks fixed assets and calculates depreciation for historical, current, and future periods. It manages costs, acquisitions, tax savings, transfers, and disposals, and supports calculations including MACRS, Alt MACRS, Declining Balance, Section 179 Deduction, and Adjustment to Basis. The software provides more than 20 standard reports, SQL report writing, and exports to Excel, Crystal, Adobe PDF, Word, and RTF. It can convert spreadsheets and data from other fixed-asset systems, and export records for General Ledger Accounting software. The vendor says it supports IFRS standards and updates systems for tax and compliance law changes. It runs on web and Windows with hybrid deployment. Compact costs $9.99 a month per user for up to 5,000 assets; Standard costs $19.99 a month per user for up to 20,000 assets and includes optional modules and state tax reporting; Enterprise costs $29.99 a month per user, with unlimited records and variable pricing based on asset volume. A 14-day trial has the full-featured version but is limited to 100 records. There is no free plan.

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.