IFRS depreciation and SARS tax registers in one platform. Optional Xero integration for clients who use it. No spreadsheets. No manual reconciliation.
Built for South African accounting firms managing Xero clients
Features
Two registers, one platform. IFRS for financial statements, SARS for tax returns — with deferred tax reconciled at every year-end. Xero integration is optional.
Full IAS 16 compliance. Straight-line and diminishing value depreciation. Revise residual values and useful lives with prospective recalculation — posted automatically to Xero.
Maintain a parallel tax depreciation schedule per asset. Section 11(e), 12C, 13(1), and more. Annual allowances, tax base, and temporary differences calculated automatically.
Connect Xero for automatic asset import, journal posting, and GL reconciliation. Or skip it entirely — every feature works fully without Xero for clients who use other systems.
The Workflow
Acme (Pty) Ltd · 47 assets
Add assets manually with the in-app form, import them in bulk, or — if you use Xero — pull them automatically from a connected organisation. Either way, every asset lives in one register with full IFRS and SARS detail.
Acme (Pty) Ltd · 47 assets
IAS 16 requires periodic reassessment of residual values. Revise any asset's residual value — the system recalculates prospective depreciation and drafts a correcting journal (auto-posted to Xero when connected, or exported as a journal voucher).
Volvo FH520 Truck · CE-001
Every asset carries its own SARS tax schedule alongside the IFRS schedule. Section 11(e) wear-and-tear, Section 12C capital allowances, and temporary differences for deferred tax — all tracked independently of any accounting system.
Volvo FH520 Truck · S11(e)
When Xero is connected, the system compares Xero GL balances to the application totals after every sync. Any variance is flagged with a one-click resolution path. Standalone clients run period-end reports straight from the register.
Acme (Pty) Ltd · 28 February 2025
Process
Onboard in minutes. Run your first depreciation by end of day.
Auto-playing · hover a card to pause · click any step to jump
Choose how to populate the register
Use the in-app form for individual assets, or paste from a spreadsheet for bulk import.
Connect a Xero organisation via OAuth 2.0. Existing assets and chart of accounts pull in automatically.
Tokens encrypted with AES-256-GCM · Switch methods at any time
Reports
Every report is generated from the same data the registers use. Export to PDF for disclosure or Excel for further analysis.
IAS 16 note disclosure with per-asset roll-forward grouped by category.
SARS capital allowances per asset — Section 11(e), 12C, 13(1) and more.
IFRS carrying amount vs SARS tax base, with deferred tax at 27%.
Xero general ledger balances compared to the application, per category.
Pricing
One subscription covers your entire practice — unlimited entities, users, and assets. No per-seat or per-entity charges.
for custom pricing