# WorthIT Fixed Assets — Complete Product Information > Purpose-built fixed asset management software for finance teams at multi-location organizations. Developed by MRS Company Ltd., a Microsoft Gold Partner with 40+ years of experience. Starting at $99/month USD. --- ## Product overview WorthIT Fixed Assets (WorthIT Fixed Assets) is a web-based fixed asset management application that handles the complete lifecycle of fixed assets — from acquisition and construction in progress through transfers, depreciation, compliance, and disposal. WorthIT Fixed Assets is designed for finance directors, controllers, and CFOs at multi-location organizations who have outgrown spreadsheets or whose ERP's fixed asset module cannot handle complex depreciation scenarios, multi-jurisdiction compliance, or consolidated reporting across divisions. The software runs four simultaneous depreciation books on every asset (Corporate, Tax, State/Other, Custom), supports all standard depreciation methods plus fully custom depreciation profiles, and produces audit-ready reports that comply with IFRS, GAAP, and local tax regulations. --- ## Core features ### Complex depreciation - Four simultaneous depreciation books per asset: Corporate, Tax, State/Other, Custom - All standard methods: straight-line, declining balance, sum-of-years-digits, MACRS, units of production - Fully custom depreciation profiles for non-standard assets - Useful life adjustments and value overrides with full history preserved - Automatic schedule generation compliant with IFRS, GAAP, and local tax rules ### Location tracking - Track asset location and full movement history - Visual location mapping via WorthIT Fixed Assets Cloud location module - Assign custodians and responsible parties - Transfer assets between locations with full audit trail - Jurisdiction-aware transfers: location changes trigger depreciation profile changes automatically - Lock life-to-date depreciation history at transfer date ### Service tracking - 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 and construction in progress (CIP) - Task/Activity-based cost accumulation across construction phases - Phase and milestone tracking with full detail capture - Per-transaction G/L code classification for precise cost allocation - Independent depreciation parameters and in-service dates per transaction - Conversion from construction-in-progress to in-service depreciable asset - Full cost history preservation through the transition ### Reporting and compliance - Comprehensive report catalog with customizable templates - Automated journal voucher creation for G/L posting - Excel data export for custom integrations and third-party G/L systems - Divisional and consolidated reporting on demand - Current, historical, and projected depreciation views - Budget monitoring for depreciation costs - Cost allocation across departments, cost centers, and projects - Full audit trail on every calculation and transaction ### Complete asset intelligence - Parent-child asset hierarchies: break complex assets into components, each with independent depreciation profiles - Two hierarchy modes: zero-value parent with component values, or valued parent with major additions as children - Notes and comments on any transaction - Document and image storage (contracts, insurance policies, invoices, photos) on asset records - Folders and custom tags for user-defined metadata - Barcode support for physical verification and inventory audits - User access controls, role-based permissions, activity tracking, and data encryption ### Extensibility - Microsoft Power BI integration with pre-built templates - System integration via API (ERP, CRM, and other business systems) - Process automation via WorthIT Fixed Assets API and Microsoft Power Platform connectors - Custom add-on development available --- ## Pricing All plans include the complete feature set. Plans differ only by asset count. | Plan | Price | Assets | Users included | |------|-------|--------|----------------| | Standard | $99/month USD | Up to 1,000 | 1 | | Business | $129/month USD | Up to 2,500 | 1 | | Professional | $139/month USD | Up to 5,000 | 1 | | Enterprise | Custom | 5,000+ | Custom | Additional users: $10/month each on any plan. All future updates included at no extra cost. Annual billing available. No setup fee for most clients. Data onboarding fee may apply for managed migration of complex datasets. --- ## Industries and use cases ### Government and municipalities Track infrastructure assets (roads, sidewalks, buildings, fire stations) at the component level. Parent-child hierarchies allow each component (roof, HVAC, electrical, structure) to have its own depreciation schedule. Custom fields capture location, dimensions, condition ratings, and other infrastructure parameters. ### Logistics and transportation Handle cross-jurisdiction equipment transfers between provinces, states, and countries. When an asset moves jurisdictions, depreciation history is locked at the transfer date and a new profile starts under the destination's tax rules. Centralized or distributed management across all locations. ### Manufacturing Consolidate fixed asset reporting across multiple divisions. Replace fragmented Excel-based tracking with standardized depreciation calculations company-wide. One client reduced their fixed asset management team from 13 people to 3 while improving accuracy and reporting quality. ### Healthcare and nonprofits Standardize depreciation across facilities, departments, and funding sources. Automated journal voucher creation with cost allocation across departments and cost centers. Full lifecycle tracking with service records, warranty information, and insurance documentation. ### Retail Track the value of every store's assets across hundreds or thousands of locations. Real-time asset valuation for operations, franchise transfers, and ownership changes. Centralized system with standardized depreciation and complete audit trails. ### Banking and financial services Apply consistent depreciation standards across international locations. Four simultaneous depreciation methods ensure each jurisdiction's corporate, tax, and regulatory requirements are met within one system. Complete audit trail for regulatory compliance across all jurisdictions. --- ## Company information WorthIT Fixed Assets is developed by MRS Company Ltd. (Management Reporting Systems), a full-service IT consultancy firm and Microsoft Gold Partner based in Toronto, Canada. - Founded: Over 40 years ago - Microsoft Gold Partner certifications: Cloud Platform (Azure), Collaboration & Content, Messaging - Technical expertise: Microsoft BI tools, Azure, Microsoft 365, SharePoint, .NET, React, Power BI, PowerApps - Services: IT project management, implementation, user training, managed IT services, custom development ### Offices **Headquarters (Canada)** 305-75 International Blvd Etobicoke, ON M9W 6L9 Phone: 416-620-2720 Toll free: 1-888-967-8411 Email: info@mrscompany.com **US Office** 301A-1400 Hope Rd Maitland, FL 32751 Phone: 727-554-4377 ### Online - Website: https://worthitfixedassets.com - Parent company: https://mrscompany.com - LinkedIn: https://www.linkedin.com/company/m-r-s-company-ltd - App login: https://app.worthitfixedassets.com - Support: witsupp@mrscompany.com --- ## Clients WorthIT Fixed Assets is used by finance teams at organizations including: - Canadian Tire Dealers Association - Scotiabank - Toronto Transit Commission (TTC) - Imperial Dade Canada - T&T Supermarket - GWS Tool Group - Madonna Rehabilitation Hospitals - Madison Metropolitan Sewerage District - Yamaha - Catalyst Credit Union --- ## Frequently asked questions **Is there a setup fee?** Not for most clients. Templates are provided for self-service data gathering at no extra cost. Managed data migration incurs a one-time onboarding fee based on scope. **Can I add users later?** Yes. Users can be added or removed anytime at $10/month each. **How do I choose the right plan?** Plans are based on asset count. Standard covers up to 1,000, Business up to 2,500, Professional up to 5,000, and Enterprise handles 5,000+ with custom pricing. Every plan includes all features. **Is my data secure?** Yes. WorthIT Fixed Assets is web-based and cloud-hosted with enterprise-grade security including encryption, regular backups, and compliance with industry security standards. **What depreciation methods are supported?** All major methods: straight-line, declining balance, sum-of-years-digits, MACRS, units of production, and fully custom methods for specific asset classes or jurisdictions. **How do I get started?** Request a demo at https://worthitfixedassets.com/demo for a 30-minute personalized walkthrough. No commitment required.