IFRS depreciation and SARS tax registers in one platform. Optional Xero integration for clients who use it. No spreadsheets. No manual reconciliation.
Built on the standards South African finance teams answer to
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.
How It Works
Five steps take a company from an empty register to a locked, disclosure-ready movement schedule — the same whether you use Xero or not.
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
The Product
Click through the surfaces your team works in every day — from the asset register to the year-end movement schedule and Xero reconciliation.
Acme (Pty) Ltd · 47 assets · FY2025
One register holds every asset with its full IAS 16 detail — cost, additions, straight-line or diminishing-value depreciation, carrying value and status. Private-use assets stay visible but carry a R 0 tax allowance, exactly as SARS expects.
Acme (Pty) Ltd · 47 assets · FY2025
A second register runs in parallel: each asset carries its own SARS schedule — 11(e) wear-and-tear, 12C allowances and more. The temporary difference against the IFRS carrying value drives deferred tax at the 27% corporate rate.
Volvo FH520 Truck · S11(e)
The year-end rollforward freezes a Fixed Asset Movement Schedule — opening, additions, depreciation, closing per category — ready to drop into the AFS note. Every report exports to PDF for disclosure and Excel for analysis.
Acme (Pty) Ltd · FY2025 · locked 28 Feb 2025
Snapshotted at year-end — the frozen figures behind the IAS 16 note disclosure
The app is the source of truth. When Xero is connected, it compares the general-ledger balances to the register after every sync and flags any variance with a resolution path. Not on Xero? Every engine and report still runs, standalone.
Acme (Pty) Ltd · 28 February 2025
Reports
Every report is generated from the same data the registers use — no re-keying, no spreadsheet drift. Export to PDF for disclosure or Excel for further analysis.
The flagship year-end deliverable: opening balances, additions, depreciation, revaluations, impairments and closing balances — per category, frozen from the year-end snapshot and formatted to drop straight into the IAS 16 note in your annual financial statements.
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, reconciled to deferred tax at 27%.
Xero general-ledger balances compared to the register, per category.
Pricing
Whether you're an accounting practice managing many clients, or a business running your own register — there's a plan for you.
For small practices getting started
Most popular for growing practices
For large firms with no limits
Final pricing depends on the number of assets per company. Tiers may change as we finalise launch pricing.