Features

There's more to fixed assets management than simple depreciation…

WorthIT handles the full lifecycle — from acquisition and construction through transfers, compliance, and disposal. Complete asset intelligence.

Complex depreciation

Your assets don't have one depreciation requirement. They have four.

Corporate books, federal tax, state/provincial tax, and international reporting each require different depreciation calculations. WFA runs all four simultaneously on every asset — not as separate processes, but as parallel calculations within a single system.

Four simultaneous depreciation books Corporate, Tax, State/Other, and Custom — running in parallel on every asset.

All standard methods Straight-line, declining balance, sum-of-years-digits, MACRS, and more.

Fully custom depreciation For non-standard assets that don't fit a formula.

Useful life adjustments Override values with full history preserved.

Automatic schedule generation Schedules that comply with IFRS, GAAP, and local tax rules.

See how a manufacturer uses all four depreciation methods

WorthIT Fixed Assets Cloud

Depreciation Profiles tab showing four simultaneous books — Corporate, Tax, State, and Other — with depreciation method, rate, post codes, and classification details

See multi-book depreciation in action — book a demo

Location tracking

Your assets are spread across locations, jurisdictions, and custodians. Can you account for all of them?

For multi-location organizations, knowing where assets are is only half the problem. When an asset moves between jurisdictions, its depreciation treatment may need to change. WFA ties location directly to compliance.

Track asset location and movement history Know where every asset is and where it's been.

Visual location mapping WorthIT Cloud location module for spatial asset visibility.

Assign custodians and responsible parties Clear accountability for every asset.

Transfer with full audit trail Move assets between locations with complete documentation.

Jurisdiction-aware transfers Location changes can trigger depreciation profile changes automatically.

Lock life-to-date history Depreciation history is locked at the transfer date — no retroactive changes.

See how a logistics company manages cross-border equipment transfers

WorthIT Fixed Assets - Asset Details

Asset detail view showing location information, custodian assignment, and transfer history with jurisdictional tracking

See how location tracking works — book a demo

Service tracking

Know the full service history of every asset

Not just what it's worth, but what it costs to maintain. Understanding total cost of ownership requires tracking maintenance, repairs, and warranty status alongside the financial profile.

Maintenance and repair history tracking Scheduled maintenance and service planning Warranty tracking and expiration alerts Service cost recording tied to asset records Total cost of ownership analysis

Projects & construction in progress

Track costs from groundbreaking to go-live, then convert to depreciable assets.

Organizations building or developing assets need to accumulate costs across construction phases before the asset is placed in service. WFA's Task/Activity feature handles this natively.

Accumulate costs

Task/Activity-based cost capture across construction phases. Per-transaction G/L classification.

Convert to asset

CIP to in-service conversion when complete. Full cost history preserved through transition.

Begin depreciation

Independent depreciation parameters. Phase and milestone tracking.

Reporting & compliance

One click from asset register to general ledger. No more manual journal entries.

The reporting engine is where WorthIT's value becomes tangible in hours saved. One client went from 13 full-time roles dedicated to fixed asset management down to 3, freeing staff for higher-value work — primarily because of reporting automation.

13 → 3 team members managing fixed assets

WorthIT Fixed Assets - Report Configuration

Comprehensive report catalog Customizable templates for every reporting need.

Automated journal voucher creation Direct posting to third-party G/L systems.

Excel data export For custom integrations and third-party systems.

Divisional and consolidated reporting On demand — not after days of manual work.

Current, historical, and projected views See depreciation past, present, and future.

Budget monitoring Track depreciation costs against budgets.

Cost allocation Across departments, cost centers, and projects.

Full audit trail Every calculation and transaction is traceable.

See the full reporting suite — book a demo

Complete asset intelligence

Everything you need to know about every asset. In one place.

Differentiator

Parent-child asset hierarchies

Break complex assets into components, each with independent depreciation profiles and cost allocations. Two modes: zero-value parent with component values, or valued parent with major additions tracked as children.

Ideal for infrastructure assets (fire stations, buildings) and fleet management (base truck + custom equipment).

Notes & comments

Add context and background to any transaction. Keep your user community informed of the details behind specific entries.

Documents & images

Store contracts, insurance policies, invoices, maintenance records, and photos directly on asset records.

Folders & custom tags

Add custom metadata — laptop specs, equipment configurations, or any organization-specific attributes. Totally flexible.

Barcode support

Scan and identify assets in the field for physical verification and inventory audits.

Security & governance

User access controls, role-based permissions, activity tracking, and data encryption at rest.

Insurance policies

Track insurance coverage, policy details, and renewal dates alongside your asset records.

Want to see the full asset record? Book a demo

Extensibility

Extend WorthIT to fit your ecosystem

Power BI integration

Connect WorthIT data to Microsoft Power BI for dynamic, interactive reports and dashboards. Pre-built templates included.

Learn more about Power BI integration

System integration

Connect to ERP, CRM, and other business systems via API. Discuss your specific integration requirements with our team.

Learn more about System integration

Process automation

Automate workflows using the WorthIT API and pre-built connectors for Microsoft Power Platform.

Learn more about Process automation

Custom development

Need something specific? We build custom add-ons tailored to your business requirements.

Learn more about Custom development

See how WorthIT works for your organization.

30-minute personalized demo. No commitment required.

Book a demo