Fixed Asset Register vs Minty Assets

Fixed Asset Register is cloud software for maintaining fixed-asset records, calculating depreciation, verifying items, and producing audit-ready management information. It calculates Companies Act 2013 SLM/WDV and Income Tax block-of-assets depreciation in parallel, including mid-year additions and rules for assets held under 100 days. QR or barcode scans record an asset’s location, custodian, condition, and timestamp, with reports reconciling scanned and recorded items. The Android app supports lookups, verification campaigns, transfers, and disposals, with an offline cache; a Windows agent discovers device details including model, CPU, RAM, disk, operating system, and logged-in user. The service exports general-ledger postings compatible with Tally, Zoho, SAP, and other accounting systems. It runs on Android, web, and Windows and is positioned for CA firms, SMEs, enterprises, and multi-location groups in India. A free plan covers up to 10 assets and one user.

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.