Assets spread across branches, depreciation on your policy
A record for every asset with its location and its custodian, a depreciation policy you configure rather than one assumed for you, and monthly entries created on their own — so the asset register stops being a file kept apart from your books.
From registering an asset to disposal — a full cycle connected to accounting
The asset record
Every asset with its location, custodian and condition.
A stocktake becomes a match against a list, not a search through offices.
Depreciation policy
Useful life and method configured per asset class.
The figure in your statements is yours, not the software's.
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
From receipt to disposal, the asset runs through the same platform, so its register stops being a file kept apart.
Purchase and receipt
The asset enters the register from the purchase order at its cost and location.
Deployment and custody
It is assigned to an employee or a location, and every move is recorded with its date.
Monthly depreciation
The entry is created on the configured policy and reaches the statements.
Disposal or sale
The gain or loss is computed and posted, and the asset leaves the register.
So the asset register always matches your books.
From registering an asset to disposal — a full cycle connected to accounting
A record with location and custody, a depreciation policy you configure, and entries that reach the books on their own
When does an asset register become necessary?
Five signs the file no longer represents what you actually own
- 1
Assets in more than one location and nobody knows where each one is
Equipment that moved between two branches, and a machine lent out and never returned. When the record does not carry the asset's location and custodian, a stocktake becomes a search through offices rather than a match against a list.
- 2
The depreciation policy is assumed, not configured
Useful life and depreciation method are decisions that belong to your business and your accountant. Software that imposes a single schedule makes the figure in your statements the software's figure rather than yours — and the gap shows at the first review.
- 3
Depreciation is worked out in a spreadsheet outside the books
A file opened at every month-end from which a single entry is copied. Every manual copy is a place for an error, and every month the file is forgotten is a hole in the statements discovered after the close.
- 4
You cannot see net book value without calculating it
What you own after depreciation is the number that feeds decisions about selling, replacing and insuring. When it only appears by adding up columns, those decisions get made on purchase cost — a number that is already out of date.
- 5
Purchases never reach the asset register
A machine bought and posted as an expense is neither in the register nor depreciating. An asset that does not enter the record at the moment it is received usually never enters it at all.
An asset spreadsheet or a register connected to the books?
The difference shows at the first review, not in the first month
| Aspect | A spreadsheet | The asset register in Snad |
|---|---|---|
| How the asset enters | Typed in by hand — and often forgotten | Enters from the purchase order at the moment of receipt |
| Depreciation policy | A formula reviewed at every change | Configured once per asset class |
| The monthly entry | Copied into the books by hand | Created on schedule and posted to the statements |
| Location and custody | Outside the file | In the record, with the date of every move |
| Net book value | Calculated on request | Visible per asset and for the group |
| Disposal | A manual entry with a manually computed gain or loss | Computed and posted as the asset leaves |
Depreciation is posted to your statements whether or not you keep an asset register. The register adds no new number — it decides who calculates it and when, which is the difference between an audited figure and an estimated one.
From an asset spreadsheet to a connected register
The difference shows at the first review, not in the first month
A spreadsheet
- A list of what was bought and when
- Depreciation from a formula reviewed by hand
- Location and custody kept outside the file
- The entry copied into the books each month
A connected asset register
- A record per asset with its location, custodian and condition
- A depreciation policy configured per asset class
- The depreciation entry created on schedule with no copying
- Net book value visible at any moment
An asset register is not an extra report. It is the source of a number already sitting in your statements: depreciation is posted whether or not you keep the register — the only question is who calculates it.
The rest of the platform
The apps that run on the same database — switch on what you need today and add the rest when you need it
Available on every plan
The asset management app is available on every plan, and the number of assets does not change the price — what differs is users and how many apps run at the same time.
And the Starter plan begins at zero riyals.
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