Fixed assets

Monthly straight-line depreciation, no spreadsheet needed.

You add the asset once and Containn runs its depreciation every month, with its journal entry, respecting the month you acquired it.

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Fixed asset · Industrial washer

Cost 180,000.00Annual rate 10%Monthly 1,500.00

Oct

Nov

Dec

Jan

Feb

Mar

Book value 171,000.00

Track record

Part of R2 OS, the hotel operations platformFirst place worldwide in UN Tourism’s rural tourism programCase study at IE University, MadridOperating in twelve countries, from London to Patagonia

How it works

Add the asset

Acquisition date, cost and annual depreciation rate.

Run the month’s depreciation

The run generates its journal entry.

Check its book value

Cost, accumulated depreciation and book value.

What’s included

Asset setup with acquisition date, cost and annual depreciation rate.
Three accounts per asset: the asset account, accumulated depreciation and the expense account.
A monthly depreciation run that generates its journal entry, respecting the month the asset was added: an asset acquired mid-month doesn’t depreciate a full month early.
List with cost, accumulated depreciation and book value.

The limit

Straight-line at an annual rate, which is the method behind the rates in Mexico’s Income Tax Law. There’s no accelerated or units-of-production depreciation.

Fixed assets and depreciationRegister what the hotel bought to last for years and run its straight-line depreciation every month, with its póliza and no spreadsheet.

Frequently asked questions

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Which depreciation method does it use?

Straight-line at an annual rate, the method behind the rates in Mexico’s Income Tax Law.

What happens if I acquire an asset mid-month?

The run respects the month the asset was added: it doesn’t depreciate a full month early.

Keep exploring

Financial statementsIncome statement, balance sheet and trial balance, from the general ledger.Month-end and year-end closeA closed month is a month that no longer changes.Accounts payableThe supplier invoice, with its creditable VAT (IVA) where it belongs.

Start with yesterday.

If your hotel already signs off on its night audit, Containn can post yesterday today. The chart of accounts is set up in one step, the transaction code mapping is done once, and from then on every signed-off day becomes a journal entry.

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