Multi-Method Depreciation
Straight-line, declining balance, MACRS, units of production, and sum-of-years digits — all supported. Run GAAP and tax books in parallel. Nexus calculates and posts depreciation automatically every period.
Core Finance
Fixed Assets
From acquisition to disposal — every asset tracked, every depreciation method supported, every lease accounted for. Nexus Fixed Assets handles GAAP and IFRS books simultaneously, with full IFRS 16 and ASC 842 lease accounting built in.
100% of depreciation automated — zero manual journals
Key Capabilities
What Fixed Assets does
IFRS 16 / ASC 842 Lease Accounting
Complete lease accounting for operating and finance leases. Right-of-use asset recognition, liability amortization schedule, and all required disclosures — calculated automatically from your lease data.
Asset Register
Every asset tracked with full detail: acquisition date, cost, location, responsible department, useful life, residual value, and current book value. Searchable, filterable, auditable.
Capital Expenditure Tracking
Track capex projects from approval through capitalization. Multiple asset components. Construction-in-progress (CIP) accounting. Automatic transfer to fixed assets on commissioning.
Asset Disposal & Impairment
Record sales, write-offs, and impairments with full gain/loss calculation. Partial disposals. Group disposals. All entries generated automatically.
Physical Verification
Barcode and RFID scanning for asset verification. Flag missing, damaged, or unlocated assets. Reconcile physical count to the register in hours, not weeks.
How It Works
- 1
Acquire & Capitalize
Assets are created from AP invoices, capex projects, or manual entry. Useful life, depreciation method, and book assignments configured at setup.
- 2
Depreciate
Period-end depreciation runs automatically. Entries post to the GL across all books. No spreadsheets, no manual journals.
- 3
Dispose or Retire
Record disposals with a few clicks. Gain/loss calculated instantly. Asset removed from the register. All entries generated and posted.
Compliance & Standards
GAAP (ASC 360 — Property, Plant & Equipment)GAAP (ASC 842 — Leases)IFRS (IAS 16 — Property, Plant & Equipment)IFRS (IFRS 16 — Leases)MACRS / IRS tax depreciation
Available for:All
Key Outcomes
100%
depreciation automation — zero manual calculation
Full IFRS
16 / ASC 842 compliance from day one
Asset register
always reconciled to the GL