Fixed assets with automatic depreciation schedules.

Register

Every asset, every method.

Define each asset with cost, useful life, salvage value, method, and GL account assignment. Straight-line, declining balance, and MACRS supported. Bulk-import the register from your prior system.

• Cost, life, salvage, method per asset.
• Straight-line, declining balance, MACRS.
• Per-asset GL account assignment.
• Bulk import.

Schedule

Monthly depreciation, auto-posted.

Quoining computes monthly depreciation expense on the schedule you set and posts the JEs via SmartGL with full attribution. Disposal entries write off net book value and post gain/loss. Intangible assets amortize on the same engine.

• Monthly depreciation JEs via SmartGL.
• Disposal with gain/loss recognition.
• Intangible asset amortization.

Tax

MACRS for tax, GAAP for books.

Track book and tax basis with separate depreciation methods (e.g., straight-line for books, MACRS for tax). Deferred tax (Enterprise) keys off the basis differences automatically. See /features/deferred-tax.

Why Quoining

Depreciation that posts itself, on a schedule you can audit.

The default alternative is a depreciation spreadsheet that someone re-derives every close. Quoining keeps the register, the schedules, and the monthly entries together, with disposals and impairments handled as ledger events.

• Straight-line, declining balance, and sum-of-years'-digits schedules with monthly entries posted through SmartGL.
• Disposals compute gain or loss and post it for review.
• The register always ties to the balance sheet because they share the ledger.