Capitova will generate realistic depreciation data for your sector — using real asset types, correct AASB methods, and Australian regulatory references.
This demo runs the financial books and the ATO tax position in parallel. Your results include AASB 116 / 16 / 112, ATO Division 40 & 43, simplified-depreciation pools, balancing adjustments, a tax-vs-book reconciliation, and Company Tax Return capital-allowance labels.
Assets in more than one country? The v2.0 line depreciates every asset under the rules of the country that holds it — US MACRS (with §168(k) bonus & §179), Brazil (Receita rates + SPED export), and 16 jurisdictions in all — then consolidates the group into one presentation currency under IAS 21, with the translation reserve, mid-life disposals and deferred tax. You upload your own official exchange rates, so the consolidated numbers are audit-ready. This Australian demo showcases the single-entity workflow; multinational is a choice at login.
| Rulebook | Method | Year-1 |
|---|---|---|
| 🇦🇺 Australia — ATO Div 40 | Diminishing value | $40,000 |
| 🇺🇸 USA — MACRS (GDS) | Accelerated | $20,000 |
| 🇧🇷 Brazil — Receita | Straight line | $10,000 |
| 🌐 Group IFRS book | Straight line | $20,000 |
| Entity | Local | FX | AUD |
|---|---|---|---|
| 🇦🇺 AU_CO | 20,000 AUD | 1.00 | 20,000 |
| 🇺🇸 US_CO | 20,000 USD | ×1.50 | 30,000 |
| 🇧🇷 BR_CO | 10,000 BRL | ×0.30 | 3,000 |
| Group total | 53,000 AUD |
June 2026 — 0 assets processed
Every run requires Finance Manager sign-off before any journal posts. This enforces segregation of duties — the person who runs the calculation cannot be the person who approves it.
Staged · Awaiting Finance Manager approval
Review the journal entry above. When you are satisfied the figures are correct, approve to post to your ERP target. Reject to send back with a reason.
Depreciation journal entries have been posted to Xero Production. The run status is now POSTED. The audit trail has been updated.
This demo used generated data. In a real implementation, Capitova reads from your existing asset systems — SAP, Maximo, Excel, or any source — and posts to your actual accounting software.