Alladdin

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Alladdin

Register an asset once, depreciate it for years

A delivery van, a coffee machine, the office laptops. Record each asset with its cost and useful life, and Alladdin calculates the depreciation plan and posts the charge every period until the asset is written down, sold or scrapped.

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  • Straight-line or declining balance
  • Entries posted each period
  • Gain or loss on disposal calculated

From purchase invoice to depreciation entry

  1. 1

    Record the asset

    Enter the purchase date, the cost excluding deductible TVA, the category and the useful life. Attach the supplier invoice.

  2. 2

    Choose the plan

    Pick straight-line or declining balance, set a residual value if there is one, and check the schedule Alladdin builds.

  3. 3

    Let the periods run

    Each month, quarter or year, the depreciation charge is posted to the right accounts with a link back to the asset.

A plan you can read before it runs

The full schedule is visible from day one: the charge for each period, the accumulated total and the value left.

  • Bought mid-year

    The first period is calculated pro rata from the date the asset went into use.

  • Residual value

    Stop depreciating at the value you expect to recover, not at zero, when that applies.

  • Rates from your accountant

    Use the useful lives and rates your accountant applies for each category of asset.

One register for everything the business owns

Tangible and intangible assets sit in one list, each with its cost, depreciation to date and net book value.

  • Grouped by category

    Vehicles, machinery, IT equipment, furniture, software. Filter and total each group.

  • The details you need

    Add a serial number, a location or the person who uses it.

  • Sold or scrapped

    Record the disposal and Alladdin calculates the gain or loss and posts the entries that remove the asset.

Questions about fixed assets

Which depreciation methods are available?

Straight-line and declining balance. You set the useful life or rate for each asset; your accountant can tell you which rates to use for each category.

Are depreciation entries really posted automatically?

Yes. Once the plan is set, the charge for each period is posted to the books with a link to the asset. You can still review it before you lock the period.

What happens when I sell an asset?

Record the sale or write-off with its date and price. Alladdin works out the net book value at that date, the gain or loss, and posts the entries.

Can I bring in assets I already own?

Yes. Import your register from Excel or CSV with the original cost, depreciation to date and remaining life, and the plan continues from there.

Can I export the register for my accountant?

Yes. Export the register and the depreciation schedules to Excel or PDF.

Go further

Put your assets on a plan

Add your first asset, check its schedule and let the entries post themselves.

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