Best Fixed Asset Software for Your Business in 2025
Best fixed asset accounting software solutions in India include Maxpanda CMMS, EAMbrace Asset Management, and Asset Express. Such fixed asset accounting tools are used to automate the process of asset tracking and better productivity.



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Most Popular Fixed Asset Accounting Software
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List of 20 Best Fixed Asset Accounting Software
Category Champions | 2025
Cloud Accounting Software Making Billing Painless
Product Description
This fixed asset accounting software makes your accounting tasks easy, fast, and secure. Start sending invoices, tracking time, and capturing expenses in minutes. We uphold a longstanding tradition of providing extraordinary customer service and building a product that helps save you time because we know... Read More About FreshBooks
FreshBooks Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Expense Tracking
- Client Portal
- Payments
- Double Entry Accounting
- Customizable Invoices
- Tax Management
- Mobile App
- Third Party Integrations
- View all Features
FreshBooks Features and Usability-Based User Satisfaction Score
Category Champions | 2025
Product Description
TallyPrime is India’s leading fixed assets software for GST, accounting, inventory, banking, and payroll. TallyPrime is affordable and is one of the most popular business software used by nearly 20 lakh businesses worldwide. Read More About TallyPrime
TallyPrime Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Payroll Management
- Cost Centre And Cost Category
- Banking
- Manufacturing And Bom
- Order Processing
- E Way Bill Generation
- Tds Management
- Budgeting
- View all Features
TallyPrime Silver
$ 313
Full License for Single User
TallyPrime Silver Monthly Subscription
$ 10
Monthly License / Single User
TallyPrime Gold Monthly Subscription
$ 31
Full Monthly License for Multi-User (Easy Renewal)
TallyPrime Features and Usability-Based User Satisfaction Score
Contenders | 2025
Powerful collaboration tool for teams of all sizes
Product Description
Wrike is an online project management software that gives you complete visibility and control over your tasks. Online project management software to establish an advantage and align your team to work quickly and actively across your organization. Read More About Wrike
Wrike Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Workload Management
- Resource Management
- Collaboration Tools
- Custom Workflows
- Mobile App
- Project Templates
- Reporting And Analytics
- Automated Workflows
- View all Features
Free
$ 0
User/Month
Team
$ 10
User/Month
Business
$ 25
User/Month
Wrike Features and Usability-Based User Satisfaction Score
Category Champions | 2025
Product Description
NetSuite, the #1 cloud ERP, is an all-in-one cloud business management solution that helps more than 29,000 organizations operate more effectively by automating core processes and providing real-time visibility into operational and financial performance. Read More About Oracle NetSuite
Oracle NetSuite Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Financial Management
- Project Management
- E Commerce
- Inventory Management
- Customer Relationship Management
- Fixed Asset Management
- Billing Management
- Order Management
- View all Features
Oracle NetSuite Features and Usability-Based User Satisfaction Score
Contenders | 2025
Asset Management and Tracking Software
Product Description
EZOfficeInventory is the leading non-intrusive asset management, asset tracking and inventory management software. Our intuitive interface means you'll be up and running in minutes, using features made specifically for all your asset management needs. Read More About EZOfficeInventory
EZOfficeInventory Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Barcode Scanning
- Asset Tracking
- Reports And Analytics
- Audit Trails
- Document Management
- Inventory Management
- Service Tickets
- Reservations
- View all Features
Essential
$ 35
250 Items, Unlimited Users
Advanced
$ 45
250 Items, Unlimited Users
Premium
$ 50
250 Items, Unlimited Users
EZOfficeInventory Features and Usability-Based User Satisfaction Score
Software by Fracttal
Product Description
Fracttal is an advanced maintenance management software that leverages AI and IoT to optimize asset performance and streamline operations. It offers real-time monitoring, predictive maintenance, and seamless integration to enhance productivity and reduce downtime. Read More About Fracttal
Fracttal Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Equipment Tracking
- Maintenance Scheduling
- Reporting And Analytics
- Work Order Management
- Inventory Management
- User Management
- Real Time Notifications
- Preventive Maintenance
- View all Features
Basic
$ 85
month
Standard
$ 195
month
Business
$ 385
month
FRACTTAL Corporate
$ 765
month
Software by Limble CMMS
Product Description
Limble is a cloud-based CMMS. It is able to assign, track, and record all maintenance tasks. Also, it keeps track of when it occurs, how long it takes, and what the cost was. It has key features like preventive maintenance, work order management, and asset... Read More About Limble CMMS
Limble CMMS Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Reporting And Analytics
- Mobile Access
- Offline Mode
- Customizable Dashboards
- Asset Management
- Task Management
- Service History Tracking
- Integration Capabilities
- View all Features
Basic
$ 0
User/Month
Standard
$ 28
User/Month
Premium+
$ 69
User/Month
Enterprise
$ 69
User/Month
Emergents | 2025
Product Description
Asset Panda is highly customized and flexible asset management, and it provides solutions to various firms. It delivers solutions with high-quality, real-time information for every channel. Its cost is suitable for every size of organization. Read More About Asset Panda
Asset Panda Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Asset Tracking
- Maintenance Management
- Service History
- Workflow Automation
- Email Notifications
- Inventory Management
- Audit Trail
- User Management
- View all Features
Asset Panda Features and Usability-Based User Satisfaction Score
Software by Deltek Inc
Product Description
Deltek Vision is a comprehensive project management software designed to streamline operations and enhance productivity for professional services firms. It offers robust tools for managing projects, finances, and client relationships effectively. Read More About Deltek Vision
Deltek Vision Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Dashboards And Analytics
- Client Relationship Management (crm)
- Time And Expense Management
- Multi Currency Support
- Customizable Interface
- Resource Planning
- Mobile Access
- Document Management
- View all Features
Contenders | 2025
Product Description
AssetCloud is the complete solution for asset management to track, automate the check-in/out, auditing, and reporting. Its virtual asset can glimpse the physical asset and manage everything faster and more accurately by eliminating manual interference. Read More About AssetCloud
AssetCloud Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Asset Tracking
- Service History
- Multi Site Management
- Integration With Erp Systems
- Location Tracking
- Barcode Scanning
- Warranty Tracking
- Audit Trails
- View all Features
Basic
$ 49
User/Month
Plus
$ 79
User/Month
Complete
$ 119
User/Month
AssetCloud Features and Usability-Based User Satisfaction Score
Software by Dude Solutions, Inc
Product Description
Asset Essentials is a comprehensive asset management solution designed to streamline maintenance operations and extend asset lifespans. It empowers teams with tools for preventive maintenance, real-time monitoring, and data-driven decision-making. Read More About Asset Essentials
Asset Essentials Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Vendor Management
- Preventive Maintenance
- Asset Tracking
- Calendar View
- Inventory Management
- Barcode Scanning
- Document Management
- Mobile Access
- View all Features
Contenders | 2025
Product Description
eMaint is the web-based CMMS solution to manage the plants of various firms, i.e., manufacturing, healthcare, education, food & beverages, oil & gas, etc. It manages all the maintenance through the software virtually. Read More About eMaint CMMS
eMaint CMMS Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Multi Site Management
- Inventory Management
- User Permissions And Roles
- Calibration Management
- Parts And Supplies Management
- Work Order Management
- Reporting And Analytics
- Service Request Portal
- View all Features
Team
$ 69
User/Month
Professional
$ 85
User/Month
Enterprise
$ 120
User/Month
eMaint CMMS Features and Usability-Based User Satisfaction Score
Software by SmartSign
Product Description
AssetTiger is a groundbreaking asset management tool that revolutionizes the industry with its comprehensive, cloud-based features. It offers unlimited users, customizable reports, and mobile access, transforming how organizations track and maintain their assets efficiently and cost-effectively. Read More About AssetTiger
AssetTiger Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Service History
- Qr Code Generation
- Mobile Access
- Asset Tracking
- Location Tracking
- Alerts/notifications
- Audit Trail
- Depreciation Management
- View all Features
Software by GoCodes
Product Description
GoCodes is an innovative software that simplifies asset management by providing efficient tracking solutions. It enhances overall productivity through real-time data access, reducing manual errors and streamlining operations, making it an essential tool for businesses seeking to optimize their workflows. Read More About GoCodes
GoCodes Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Photo & Document Storage
- Qr Code Labels
- Inventory Management
- Audit Trails
- Multi User Access
- Mobile App
- Data Import/export
- Integration
- View all Features
Optimizing Maintenance and Operations
Product Description
Maxpanda is a powerful computerized best-fixed asset software for managing a companys database information. This intense maintenance management system is modern and simple for users to develop the site and increase traffic quickly and efficiently to raise the work rate. Read More About Maxpanda CMMS
Maxpanda CMMS Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Offline Mode
- Document Management
- Email Notifications
- Api Integration
- Service Request Portal
- Customizable Dashboards
- Equipment History
- Multi Site Management
- View all Features
Starter
$ 99
Per Month
Enhanced
$ 229
Per Month
Standard
$ 329
Per Month
Contenders | 2025
Web Based Fixed Asset Accounting Software
Product Description
Integrate Sage fixed asset accounting software with your back office solution, and get implementation assistance, data, and custom services. It helps us forecast and plan for expected depreciation, making our budgets more accurate and our planning more strategic. Read More About Sage Fixed Assets
Sage Fixed Assets Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Multi User Access
- Barcode Scanning
- Asset Reconciliation
- Lease Accounting
- Asset Tracking
- Asset Tagging
- Integration With Erp Systems
- Budgeting And Forecasting
- View all Features
Sage Fixed Assets Features and Usability-Based User Satisfaction Score
Contenders | 2025
Globally recognized enterprise asset management.
Product Description
EAMbrace is designed to help organizations of all sizes better manage their assets spread across various locations. It acts as perfect fixed asset register software. Read More About EAMbrace Asset Management
EAMbrace Asset Management Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Financial Reporting
- Lease Management
- Asset Valuation
- Disposal Management
- Asset Tagging
- Asset Tracking
- Alerts And Notifications
- Reporting And Analytics
- View all Features
EAMbrace Lite
$ 2778
Onetime
EAMbrace Asset Management Features and Usability-Based User Satisfaction Score
Contenders | 2025
Product Description
AssetExpert is a fixed asset accounting software designed to track and manage fixed assets. It will help you eliminate the struggle and the cost of maintaining fixed assets. In addition, AssetExpert will help you ensure that all investments are properly insured and are under AMC. Read More About AssetThread
AssetThread Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Disposal Management
- Budgeting And Forecasting
- Asset Revaluation
- Barcode Integration
- Asset Tracking
- Lease Management
- Mobile Access
- Import/export Data
- View all Features
AssetThread Features and Usability-Based User Satisfaction Score
Web Based Software to Manage Fixed Asset Register
Product Description
FAMS is a leading fixed asset management software for recording and managing assets and calculating depreciation for corporations. It offers unmatched speed and functionality, an easy-to-use interface, and a robust reporting system that turns data into actionable information. Read More About FAMS Assets Management
FAMS Assets Management Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Customizable Dashboards
- Barcode/rfid Integration
- Location Management
- Disposal Management
- Mobile Access
- Reporting And Analytics
- Asset Tagging
- Integration With Erp Systems
- View all Features
Software by Virmati Software & Telecommunications Ltd.
Product Description
Virmati FAMS is a web-based fixed asset depreciation software that takes care of all the movable and non-movable fixed assets purchased by the organization. It calculates depreciation on all the fixed assets. The module pertains to the head office but can also be used at... Read More About Virmati FAMS
Virmati FAMS Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Asset Tracking
- Compliance Management
- Asset Reclassification
- Document Management
- Asset Maintenance
- Multi Location Support
- Customizable Fields
- Audit Trail
- View all Features
What is Fixed Asset Software?
Fixed asset software is a solution that automates tracking assets in the different stages of the asset lifecycle, referring from acquisition to disposal.
Fixed asset software is tangible/intangible non-current assets procured to increase an organization's overall productivity. Many organizations use fixed asset register software, also known as fixed assets management software, to manage their fixed asset performance.
It is available as both: standardized and tailor-made and helps an organization in keeping complete track of their fixed assets application in date, outward date (in case of assets sent for repairs), place, asset categorization, applicable tax depreciation as per the laws of the land, warranty period, repairs & maintenance schedule, etc.
Understanding Fixed Asset Software
Fixed asset accounting effectively tracks your company's financial information related to your capital assets. It outlines the five stages that make up the entire fixed asset lifecycle.
-
Acquisition
Individual firms have their asset acquisition tactics. For instance, some businesses may develop or build their assets internally by employing their personnel. In such a case, they must decide the portion of the employee's salary that needs to be included in the asset calculation.
Naturally, the entire cost is assigned to the asset when it is explicitly purchased from outside sources, including any applicable transportation fees.
Whether developed or acquired internally, the asset is added to the real property inventory and tracked throughout its life cycle after installation.
-
Depreciation
The value of your assets starts to decline over time. Therefore, you can receive tax benefits by calculating with fixed asset depreciation software free. And you can decrease your net profit.
Every business, including yours, must perform the accounting transaction known as fixed asset depreciation.
Numerous intangible assets, such as offices, IT hardware, software, tools, and corporate vehicles, can be depreciated.
Regardless of your industry, you will need tangible and intangible assets to run your business successfully. However, you also need to understand the worth of your fixed assets solutions and the amount they've depreciated over time.
-
Revaluation
The revaluation process involves restating asset costs in terms of their current value. Comparability is the fundamental tenet of revaluation. The question is whether you can meaningfully compare financial statements over time, considering things like the rate of inflation and the current value of assets.
The cost model only permits downward modifications to account for impairment losses. In contrast, the revaluation model permits both upwards and downward adjustments to represent both rises (appreciation) and reductions (depreciation) in the value of an asset.
-
Impairment
The difference between an asset's carrying value and its recoverable value is an impairment loss. The higher an asset's fair value fewer costs of disposal, and its value in use is the recoverable amount for that asset or cash-generating unit.
Impairment is the long-term decline in a corporate asset's value. It could be an intangible asset or fixed assets solutions.
The overall profit, cash flow, or other benefits the asset can produce are periodically compared to its current book value when an asset is tested for impairment.
-
Disposal
No matter how carefully you manage the operation and maintenance of the asset, eventually, the firm will no longer benefit from it.
While aging and diminished performance are the most frequent causes, other factors, such as the closure of operations or technological changes, may also be to blame.
In any event, the asset's disposal needs to be done appropriately. There are numerous choices, including:
- Give it to a charity.
- Sell it straight away or for scrap.
- Replace it with a more recent model of the same piece of machinery.
To receive the tax benefit, it is critical to evaluate the asset's worth accurately. In addition, you must consider depreciation into account.
It needs to be separated from a brand-new item that became defective within a short period of being purchased. In such a circumstance, the manufacturer or seller will typically offer you a replacement at no cost.
Basic Features to Expect in Fixed Assets Software
Every business that owns fixed assets, such as machinery and equipment, must guarantee that these assets are in good working order. However, handling fixed assets without a solid framework can have serious repercussions. If you don't properly manage your assets, they can disappear or get damaged.
Thankfully, the best fixed asset software, usually referred to as EAM software, provides a solid solution that aids in preventing unforeseen asset damage or loss.
The best fixed asset tracking software management includes observing and maintaining machinery, computers, vehicles, and other physical assets.
To assist you in comprehending the function of this software and making an informed decision regarding the best system, we have put together a thorough list of fixed asset management system capabilities.
You can expect the following common features in fixed assets software:
-
Depreciation Methods
Depreciation is the fixed asset's loss of value over the course of its lifetime as depreciation. It often only affects your organization's fixed assets, like real estate, vehicles, or machinery.
For accounting purposes, your company's balance sheet includes fixed and intangible assets like trademarks or branding. But, only fixed assets are eligible for tax deductions.
The four depreciation methods include:
1. Straight line method,
2. Units of products depreciation method,
3. Declining balance depreciation method,
4. Sum of the years’ digit method
-
Standard Reports
Standard reports like inventory and audit reports are crucial for every organization.
When inventory levels are known, an organization may determine how much stock is consumed and when to place a new order.
With data analytics, the company can predict which stocks will be more popular during which period. As a result, planning can be done. Additionally, inventory data help reduce costs by preventing overstocking.
Identification and confirmation of the physical presence of assets depend greatly on auditing.
Assets are often leased, and the location is occasionally the subject of discussion. Auditing answers such questions.
After reviewing the financial statements and related reports, the audit report considers the findings and the auditor's observations.
Periodically, audit reports are produced to assist stakeholders and management in evaluating the reliability of asset management and the company's financial performance.
The audit reports successfully give a company insights by outlining inadequate, inefficient, or underutilized assets.
Fixed asset software also takes care of reports like review workflow, an asset’s detailed maintenance information and employee productivity.
-
Purchase Order Management
With a purchase order management system, you can manage each purchase order and track them. The management is notified when any upgrade occurs in any purchase order. It provides better financial transparency for the company.
Purchasing orders may contain much redundancy if there isn't a sufficient system. Additionally, there is a risk of human error, which slows down the purchasing order processing. It results in lower production. However, you don't have to be concerned about purchase orders if you have fixed asset software.
-
Management of Asset Disposal
The process of organizing and managing the purchase, use, maintenance, replacement, and disposal of organizational assets is known as asset management. By reducing costs and risks, this method increases the ability of assets to be delivered.
A positive capital improvement over the asset lifecycle is guaranteed by adequate maintenance and the effective deployment of systems, people, and procedures.
The price at which an item is sold when it is no longer useful is known as the asset disposal value in accounting. For instance, a newer, updated version is installed when a piece of factory equipment ends its useful life. The disposal value is the lowest price at which the equipment must be sold.
Numerous factors should be considered before asset disposal:
1. The working condition of the asset
2. The industry standards for the asset
3. The life of the asset
4. The new updated version of the asset
-
Tracking And Monitoring
The software should manage and maintain valuable assets without discrepancies by keeping track of all the important fiscal information. It also monitors various workflows and data exchange pathways. These features eliminate the risk of data loss or asset misplacement.
-
Fiscal Prudence
The automated solution lowers manual inefficiencies and inaccuracies. It not only improves productivity but also ensures financial competitiveness. The company can strengthen its organizational proficiency by cutting down on unnecessary costs.
-
Data Transparency
The asset-related data has to be secure, confidential, and reliable. The software can streamline check-in, check-out, and maintenance operations. It also transparently handles asset return due dates, schedules, audit history, and asset depreciation.
-
Unique Codes and Accuracy
The best software has tools to auto-generate unique asset codes. Each asset has a specific purpose, and the code scans all the helpful information. For authenticity, the user can also update smartphone details using barcodes and QR codes.
All asset-related calculations are performed without any errors. Data accuracy and information reliability are vital for any organization. Besides, the asset location and maintenance tasks also become more trustworthy.
-
Compliance
Asset accounting is crucial as it has to follow regulations. Tax compliance and insurance coverage are also vital requirements. The software satisfies these needs using tax codes, planning, tracking, and intuitive data forms.
-
Larger Scope
Fixed assets must be managed as they have large-scale business consequences. The right kind of software can reduce risks through proper accounting. It tracks the asset locations, processes work orders, and promptly generates audit trails. Accordingly, the assets become very reliable and manageable.
Benefits of Fixed Asset Management Software
Fixed asset management software benefits small, medium, and large-scale companies. They can use the automated solution to manage and maintain key assets. These customers also receive various intangible and tangible advantages along the way:
-
Data Storage
Fixed assets include real estate, software, machines, furniture, and vehicles. High-quality software can quantify them with credibility and easily assemble, organize, and store all the asset-related data. The user also finds the storage mechanisms reliable, safe, and productive.
-
Easy Retrieval
The organizational asset data is stored without a plan and designed for easy and quick retrieval. The authorized user can efficiently access all the relevant information from various sources. It becomes possible to find useful data from online or on-premise servers. The software also presents the retrieved data understandably.
-
Auditing And Reports
Digital documents, and databases are convenient for auditing. The assets can be audited faster through reliable processes. Insightful reports can also be generated without any errors or confusion. Such a streamlined process can deliver greater clarity and business intelligence to the users.
-
Scheduling Efficiency
Asset ownership, transactions, and requirements are tracked regularly. Therefore, the managers will have access to the most accurate data in real time. They can make well-informed decisions and optimally assign assets. This level of effectiveness can reduce costs and lower risks and errors.
-
Centralized Control
A centralized database is easy to maintain and convenient to use. The managers have complete control over all the assets and associated data. They can establish a functional chain of command by making intelligent decisions. This ability helps to lower operational inefficiencies to increase work productivity.
-
Archival Advantage
The software is for management and maintenance. It collects, stores, and archives all the asset data. Even the movements, usage, and updates of specific assets are carefully tracked. This historical data is essential to maintain tight schedules and lower long-term expenses
-
Easy Categorization
The assets are classified based on their status, condition, life expectancy, etc. Other custom criteria are also used to put them in relevant groups. The valuable resources are also categorized based on location, costs, benefits, and usage patterns.
-
Compliance And Standards
High standards of asset management require reliable software. It not only follows regulations but also ensures tax compliance. Only up-to-date and legal accounting processes reach professionals. As a result, the company can deliver high-quality services without resorting to irregularities.
-
Recycling Benefits
A company's fixed assets can get lost, damaged, or stolen. The best software takes these factors into account. It eliminates confusion by properly marking all the assets. The software can also help discard, restore, and recycle assets for practical reasons.
Best Fixed Asset Accounting Software Vendors for Enterprises
An integrated, cloud-connected ERP software is a winning proposition for large enterprises. It has all the basic features, key control and vendor management. It can handle large fixed asset data amounts in multiple locations and time zones. It facilitates centralized inspections, budget tracking, incident reporting, and contract management.
The best-fixed asset accounting software vendors for enterprises are:
1. AssetExpert
Tracking and managing fixed assets is the goal of AssetExpert, a fixed asset management software. You can eliminate the tedious work and high maintenance costs with the help of this software. It will assist you in ensuring that all assets are adequately insured and covered by an AMC. It will assist you in figuring out proper asset appraisals and depreciation deductions.
Features
- Document management
- Audit trail
- Barcoding/RFID
- Depreciation management
- Data security
Pros
- Easy to use
- Flexible team
- Great customer service
- Excellent customization features
Cons
- Slow loading time
- Not for beginners
- Difficult to upload assets
Pricing
-
Please connect with the vendor for pricing.
2. AssetWorks
Users can manage assets, including vehicles, buildings, infrastructure, facilities, and more, with the help of AssetWorks. Its services include fleet and fuel management, asset and risk management for businesses, and surplus assets.
It enhances operations through better facility staffing, machinery management, and workflows to expedite procedures. It supports users' efficient and economical handling of supplies, machinery, and assets.
Features
- Incident management
- Document management
- Task tracking
- Surveys and feedback
- Asset budgeting
Pros
- Easy navigation
- Centralized all assets
- Easy to use
- Customizable features
Cons
- Complex importing
- Technical glitches
- Limited features
Pricing
-
Pricing starts at $2500. It is a one-time payment.
3. 360Facility
360 Facility, a cloud-based platform for workplace asset management, focuses primarily on facility and real estate management. Automating facility and maintenance procedures and improving team communication among all stakeholders, including service providers and tenants, assists companies and real estate owners in reducing expenses. 360Facility works well with businesses involved in facility management.
Features
- Vendor management
- Labour and service cost calculations
- Inventory management
- Scheduling
- Maintenance/operations/repair
Pros
- Accessible on any PC connected to the internet
- Easy customization
- Great user interface
- Easy tracking
Cons
- Cannot be used without an internet connection
- Not for beginners
- Only accessible to paid customers
Pricing
-
Pricing starts from $45/month.
Top Fixed Asset Accounting Software Vendors for Medium-sized Businesses
The software for a medium-sized enterprise should facilitate automated asset tracking, audit trails, asset lifecycle management, and depreciation. Those with customization, analysis, and maintenance features are ideal. Friendly interfaces and scalability options are also much-desired features.
The best-fixed asset accounting software vendors for medium-sized businesses are:
1. Space Runner
SpaceRunner is a web-based planning and management tool that envisions equipment, assets, and other data on any virtual image, map, or floor plan. Users can track and relate data about assets in spaces like warranties, maintenance records, part numbers, and serial numbers in one location.
Users of SpaceRunner can establish their company spaces with interactive outlines and save the data in linkable, dynamic, visual icons.
Features
- Data visualization
- Location tracking
- Workflow management
- Real-time data
- Reporting & statistics
Pros
- Excellent software to manage assets
- Easy data management
- Amazing vendor engagement and support
- Easy to use
Cons
- Limited features
- No translation available
- Slow system
Pricing
-
Pricing starts from $45/user/per month.
2. Cheqroom
Cheqroom assists businesses in monitoring, evaluating, and enhancing their equipment management. We enable teams and individuals to excel and organizations to achieve their goals by making it simpler to get the right tools into the hands of the right people.
You won't ever lose track of your equipment using Cheqroom. You can use a unique QR code to identify your equipment to obtain more information.
Features
- Barcode recognition
- Cost tracking
- Depreciation management
- Reporting/analytics
- Role-based permissions
Pros
- QR scanner helps in easy scanning and retrieving information
- Easy and quick tracking
- Easy to use
- User-friendly software
Cons
- Limited label printing templates
- Confusing check-in and check-out process
- Lack of approve and request feature
Pricing
-
Pricing starts at $100/per month.
3. TYA Suite
With the help of TYASuite cloud ERP software, you can streamline workflows, start campaigns, and manage teams from one page. It lets stakeholders streamline the procurement lifecycle, from processing invoices and payments to optimizing purchase requests (PRs) based on available stock, safety stocks, or lead time. Employees can use barcodes or QR codes to track assets across several locations.
Features
- Accounting integration
- Due date tracking
- Inventory optimization
- Performance metrics
- Spend analysis
Pros
- Easy to use finance and accounts modules
- Easy to use
- Great in automating processes
- Excellent in access control
Cons
- Gets slow at times
- Dashboards can be improved
- Complicated mapping process
Pricing
-
Pricing starts at $17/per user/month.
Top Fixed Assets Software for Small Businesses
A small company requires software with credible basic accounting tools. The company might not need elaborate reporting features and high-end cloud services. However, pricing plans have to be inexpensive.
The fixed inventory management software vendors for small businesses are
1. EZOfficeInventory
You can easily manage assets and inventory supplies with the help of EZOfficeInventory.You can keep track of the full asset lifespan, allowing you to efficiently manage vendors, make purchase orders, and write up service tickets. With our smartphone app, you can easily create customized labels and scan barcodes and QR codes. For even faster processing times, the software provides an RFID integration.
Features
- Ad hoc reporting
- Barcode recognition
- Contractor management
- Equipment maintenance
- Procurement management
Pros
- Easy to manage fixed assets
- Simple and easy to use software
- Great customizable options
- Excellent customer service
Cons
- Confusing UI
- Various inconsistencies throughout the software
- Connectivity issues
Pricing
-
Pricing starts at $40/month.
2. BNA Fixed Asset
The cloud-based BNA Fixed Assets software assists businesses in managing their fixed-asset lifecycle, from development and acquisition to retirement.
Management is streamlined, processes are automated, compliance with frequently altering tax and GAAP requirements is automatically enforced, and thorough reporting provides the insight you need to make wise management decisions.
Features
- Taxation management
- Consolidation/roll up
- Email integration
- Inventory management
- Expense tracking
Pros
- Excellent customer service
- Great training modules
- Easy to set up assets
- Easy tracking for fixed assets
Cons
- Complicated to adjust depreciation rates
- Challenging to customize reports
- Reports are prone to error
Pricing
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Please connect with the vendor for pricing details.
3. RAM Asset Management
Real Asset Management is a great solution for asset management. Its features include overseeing, monitoring, and recording auditing, risk management, and accurate asset reporting. Organizations can optimize operations, increase efficiency, and save property management expenses thanks to RAM's specialized tenant and contractor portals, work order management, mobile work management apps, and live KPIs.
Features
- Task tracking
- Disposal management
- Self-service portal
- Incident management
Pros
- Excellent mobile support system
- Clean user interface
- Easy tracking and recording of asset changes
- Easy managing functions from anywhere
Cons
- Slow to load at times
- Technical glitches
- Navigation is not smooth
Pricing
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Please connect with the vendor for pricing details.
Latest Market Trends In Fixed Asset Accounting Software
Asset software is essential for management, maintenance, and evaluation. It can improve productivity by optimizing labor costs and inventory processes. It also handles asset depreciation, repairs, tracking, scheduling, and operations. The current market trends in this software are -
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Industries across the verticals are adopting automation and IoT smart devices
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The total assets in Energy, Manufacturing, Healthcare, Construction, etc., are set to grow
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Cloud-based solutions and web-based systems have higher demand among customers
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Global software developers are collaborating to design innovative solutions. Innovations in Cloud Computing, AI, and ML are giving a further boost
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Companies in the growing economies are showing more interest in integrating capital asset management software
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Smart service providers and business enterprises are forming partnerships
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The demand for fixed-asset accounting software automation is high in transport, logistics, sales, etc.
Tips on Improving your Fixed Asset Software
You can make changes to your plan to maximize your earnings by understanding fixed asset accounting.
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Establish an Approach for Capitalization
Ensure your accounting records are consistent and assist you and your team in quickly identifying any accounting issues when purchasing an item. Your decision-makers appropriately establish a fixed amount for capitalization.
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Label your Assets
Because so many factors can change an asset's value over time, it is crucial to monitor and tag it. Tagging aids in a fixed asset tracking system with your things through each stage of their lifecycles, theft prevention, misplacement elimination, and financial data checking.
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Reassessing Equipment Life
Your organization will benefit immensely in the long term if you accurately predict the time frame you can use your fixed assets for their intended purpose. Since correct life estimates are required for your accounting records and depreciation, it's crucial to reevaluate as needed because they may alter over time.
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Automate Insights With the Right Fixed Asset Management Software
It will make your operations easier by automating your manual tasks to assist in tracking your data using fixed asset management software. Thanks to password protection, access is restricted to those who require it and have the necessary training.
Streamline the Fixed Asset Software Life Cycle
The most effective fixed asset management software will simplify your company's accounting responsibilities, boost workplace efficiency, and spare you from charges related to ghost and duplicate assets.
Managing fixed assets requires going through large amounts of dispersed data, which takes time from more profitable corporate endeavors. Spreadsheets also give the potential for a lot of human mistakes and inefficiency.
Managing your valued assets and extending their life enables you to be more productive. So, it makes fixed asset lifecycle management a crucial task for any firm. With physical asset management software, you can ensure that an asset is correctly maintained, receives timely upgrades, and is repaired on time. Moreover, the fixed asset software for accountants ensures that it is appropriately disposed of at the end of its useful life.