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Asset master, depreciation and statutory books — in parallel, from one ledger.
A fixed-asset register that maintains the operational asset record, the multiple depreciation books (fiscal and accounting in parallel), the transfer and disposal history, and the impairment posture — on one live ledger that reconciles to the GL by construction.
One asset master
Every asset, every location, every cost-centre allocation, every responsible owner — on one register that reconciles to the GL by construction.
Multiple depreciation books
Fiscal book and accounting book maintained in parallel from the same asset record. Tax-vs-book reconciliation falls out automatically at period close.
Asset lifecycle
Acquisition, capitalisation, in-service date, transfers across cost centres, partial disposals, full retirements — every event journalled with full traceability.
Impairment and revaluation
Impairment tests, revaluations under IFRS, fair-value adjustments — applied with the auditor's required documentation attached to each entry.
What the Fixed Assets surface covers
Asset master and structure
Hierarchical asset records with parent-child relationships (a building, the floors, the equipment on each floor), category-driven default behaviours, location, owner, cost-centre allocation.
Depreciation methods
Straight-line, declining-balance, units-of-production, sum-of-years-digits — applied per book per asset with method-change support and the historical trace preserved.
Parallel books
Spanish PGC, IFRS, US GAAP, internal management book — maintained in parallel from the same asset record. Period close generates each book's outputs without reconciliation glue.
Transfers and disposals
Cost-centre transfers, location transfers, intercompany transfers (with elimination), partial disposals, full retirements — each event posts its journal entry and updates the asset record atomically.
Capitalisation engine
Asset-under-construction projects accumulate cost from procurement, internal labour and project allocations; capitalisation moves the cost into the asset register on the in-service date the operations team confirms.
Asset audit
Physical-inventory routines, barcode and RFID integration, exception reports against the register, audit-ready evidence files attached to each asset.
Why parallel books are an engine choice, not a configuration choice
Most ERPs offer a primary book and a secondary book that reconciles to it through year-end adjustments. The reconciliation is a project — fiscal-vs-accounting timing differences accumulate through the year, surface at the audit, and consume finance hours that should be spent elsewhere.
Axional maintains the books in genuine parallel. The fiscal book and the accounting book are not reconciled to each other at year-end; they are calculated independently from the same asset register, by the engine, on every transaction. The tax-vs-book difference is a queryable fact at any moment, not a year-end project.