Fixed Asset Management Software
A complete fixed-asset solution: register your assets, auto-calculate monthly depreciation with its journal entry, and track custody, maintenance, transfers and counts — all connected directly to your accounting in Snad.
From registering an asset to disposal — a full cycle connected to accounting
A full asset register with QR codes and net book value
Register every asset with its cost, acquisition date and category, and track its net book value in real time.
Print a QR label for each asset to speed up physical counts, and link the asset to its branch and the responsible employee.
Automatic depreciation with a monthly journal entry
Depreciation is calculated automatically on a straight-line basis, and its monthly entry (Dr Depreciation Expense / Cr Accumulated Depreciation) is posted with no manual work.
A clear depreciation schedule per asset, respecting closed financial periods and preventing double posting.
Key Features
Employee custody and accountability tracking
Maintenance log and reminders
Asset transfers between branches and custodians
Asset counts via barcode / QR
The asset lifecycle, tied to accounting
Three automatic entries follow the asset from purchase to disposal.
Register the asset
Recorded with a QR code, and the capitalization entry posts automatically.
Monthly depreciation
An automatic monthly straight-line entry.
Custody and maintenance
Track the holder and the maintenance log with internal reminders.
Disposal
A gain or loss entry appears in the income statement and balance sheet.
So the asset register always matches your books.
From registering an asset to disposal — a full cycle connected to accounting
Automatic depreciation with an auto journal entry, real-time reports, and custody, maintenance and count tracking — in one app within Snad.
When do you need asset management software?
Four signs a spreadsheet of assets is no longer enough
- 1
Depreciation is calculated once a year, right before the statements
When depreciation is an annual project rushed at the deadline, the monthly statements all year show a profit higher than the real one. Automatic monthly calculation makes each month carry its share of the asset's cost.
- 2
You do not know where an asset is or who holds it
The laptop, the vehicle, the device is with a specific employee. Without a custody record linking the asset to its holder and the handover date, proving responsibility at a transfer or a departure becomes an argument with no document.
- 3
The physical count does not match the books
Assets sold or disposed of still sit in the register being depreciated, and assets in use were never recorded at all. The gap grows every year and surfaces all at once at audit.
- 4
Maintenance is a reaction, not a schedule
Maintenance that happens after a breakdown is always more expensive than routine maintenance. A schedule attached to the asset itself turns the question from “when did it break?” into “when is it next due?”.
Fixed asset or expense?
The decision that shapes your income statement for years
| Criterion | Capitalised as a fixed asset | Recorded as an expense |
|---|---|---|
| Period of benefit | Extends beyond one financial year | Consumed within the same period |
| Purpose | For use in operations, not for resale | Ongoing operating consumption |
| Effect on the income statement | Spread across years through depreciation | Charged in full to the period of purchase |
| Effect on the balance sheet | Appears under non-current assets at net book value | Does not appear — it has been consumed |
| Subsequent improvements | Added to its cost if they increase capacity or useful life | A repair that restores the original condition stays an expense |
A monetary capitalisation threshold is a policy the entity sets for itself and applies consistently — not a single figure imposed on everyone. What matters is that the policy is written down and applied the same way to similar cases, because changing it from year to year makes comparison between periods meaningless.
Asset-related tools — free, no sign-up
Calculate and try before any commitment
Available on every plan
Every Snad app is available on every plan, without exception. Plans differ in user count, how many apps you enable at once, e-invoicing options, and the watermark.
And the Starter plan begins at zero riyals.
Compare plans