Fixed assets are not a joke
If you run a restaurant, ovens and freezers and equipment are fixed assets. For a retail business: vehicles, computers, and furniture. You have to register them properly — and calculate monthly depreciation correctly — for your financial statements to be accurate.
Mizan handles the whole cycle
- Register the asset: name, category, cost, salvage value, useful life months
- Monthly depreciation auto-calculates = (cost - salvage) ÷ useful months
- Each month: click "Post this month's depreciation" to journal every active asset
- The asset's book value decreases automatically
Supported categories
- Machinery
- Computers
- Furniture
- Vehicles
- Buildings
- Other
Safe and accurate
No asset is depreciated past its salvage value. Calculation stops automatically when book value hits the floor, and the asset's status flips to "fully depreciated".
