Capitova connects every asset tracking system to every accounting ledger — automatically calculating AASB-compliant depreciation and posting balanced journal entries without anyone touching a spreadsheet.
Every month, Finance teams spend days pulling data from multiple systems, recalculating depreciation in spreadsheets, and manually typing journal entries into their ERP. One wrong formula cascades for years.
The NSW Auditor-General has cited fixed asset management as a material weakness in government financial statements three consecutive years. Capitova eliminates this category of finding.
SAP, Maximo, ServiceNow, fleet systems, property platforms — each holds part of your register.
Hard-coded formulas copied month to month. One wrong cell corrupts the year.
Days each month rekeying depreciation figures that should take seconds.
Inconsistent methods, missing assets, untraceable calculations — recurring audit issues.
Asset tracking tools don't post to ledgers. ERP modules only see their own assets. Capitova bridges whatever you have to wherever you post.
Any column name from any system maps to the Capitova CDM. The engine always sees one standard regardless of where the data came from.
Straight-Line, 200% Diminishing Value, Units of Production, Sum of Years Digits, 150% Declining — plus a custom-formula engine with industry methods (rail track-km, flight cycles, engine hours and more).
Book and tax depreciation in parallel. Temporary differences tracked per asset. DTL/DTA journals posted automatically.
Full asset lifecycle — Active → Held → Sold. Disposal journals with automatic gain/loss, and a held-for-sale state that stops depreciation while keeping the asset on the books.
Right-of-Use asset + lease liability, full amortisation, and the three monthly journals (depreciation, interest, payment). Short-term and low-value exemptions handled automatically.
Tax decline in value (Div 40), capital works for buildings (Div 43, 2.5%/40yr or 4%/25yr on construction cost), simplified-depreciation pools, balancing adjustments, and the leap-year daily method.
A per-asset matrix of financial depreciation vs tax decline in value, with the temporary timing-difference variance — the exact figures for the corporate tax reconciliation schedule.
Reporting blocks that map to the Australian Company Tax Return — capital allowance labels, assessable/deductible balancing adjustments, and pool balances carried forward.
Dashboards, Asset Register, Tax Register and every report pivot by business unit — company-wide or one department, reconciling to the same totals.
No journal posts without Finance Manager sign-off. Enforces segregation of duties on every run.
Your data never leaves your network. Deployed inside your infrastructure under your IT team's control.
Every calculation, journal line, and approval written to an INSERT-only audit table. One query answers any Auditor-General request.
Capitova sits between your asset systems and your general ledger. It normalises, calculates, and posts — without anyone in between.
CSV, Excel, XML, JSON, SQL databases, SFTP servers, REST APIs. Capitova handles every format your systems produce.
Book depreciation (AASB 116), leases (AASB 16), deferred tax (AASB 112) and ATO tax decline in value (Div 40 & 43) — all in parallel, with disposals, balancing adjustments and per-asset error isolation.
Finance Manager reviews in the web interface, approves, and Capitova posts balanced journal entries to Xero, SAP, Oracle, or any ERP.
Capitova applies the correct standard for every asset class, every industry, every calculation. Not a generic tool adapted for Australia — purpose-built for it.
Most asset tools stop at accounting depreciation. Capitova runs the financial books and the ATO tax position in parallel — so the temporary differences, balancing adjustments and tax-return labels fall out automatically, not from a year-end spreadsheet.
| Capability | Capitova | Asset register tools | ERP depreciation module | Spreadsheets |
|---|---|---|---|---|
| Posts balanced journals to any ERP | ✓ | ✗ | own ledger only | ✗ |
| Book & tax depreciation in parallel | ✓ | ✗ | add-on | manual |
| AASB 112 deferred tax automated | ✓ | ✗ | ✗ | manual |
| AASB 16 lease ROU & liability | ✓ | ✗ | separate module | ✗ |
| ATO Div 40 + Div 43 capital works | ✓ | ✗ | ✗ | manual |
| Simplified depreciation pools | ✓ | ✗ | ✗ | manual |
| Tax-vs-book reconciliation report | ✓ | ✗ | ✗ | manual |
| Company Tax Return label mapping | ✓ | ✗ | ✗ | ✗ |
| 7-year immutable audit trail | ✓ | varies | ✓ | ✗ |
| On-premise — data never leaves | ✓ | often cloud | ✓ | ✓ |
Based on typical capability of fixed-asset registers, ERP depreciation sub-ledgers and manual workpapers in the Australian market.
Each profile includes the correct depreciation methods, accounting standards, GL account structures, and regulatory references for that sector.
Capitova runs inside your network. No data leaves your environment. Choose the deployment model that fits your IT policy.
Full web interface running on your server. Finance teams use a browser — no software on desktops. Up in 20 minutes.
Fully containerised stack. PostgreSQL, Nginx, API, and React UI — one command deploys everything.
Command-line tool for IT teams integrating Capitova into existing automation pipelines and schedulers.
"We had four accountants spending three days every month on depreciation. Capitova runs the entire register in under ten minutes and posts directly to Xero. Those three days are now spent on actual analysis."
"The Auditor-General flagged our fixed asset register three years in a row. After Capitova, the last audit produced zero findings in that category. The 7-year audit trail answered every single question on the spot."
"We have assets in SAP, Maximo, and three legacy systems. No other product could pull from all of them. Capitova normalised everything in the first run and our IT team barely had to do anything."
Try the live demo right now — no installation, no login. Or enter your email and we will run Capitova against your actual data before the meeting ends.
▶ Try Live Demo — Free, No Login— or enter your email for a personalised session with your real data —