Assets, Depreciation & Compliance

Fixed Asset Register Reports — compliance reports ready at the click of a button

Automate fixed-asset reporting while staying compliant.

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14 days free · No credit card · Audit-ready compliance reports

Asset register ready Fixed asset register

Total assets

2,450,000

Saudi riyals

Accumulated depreciation

685,000

as of period end

AssetBook value

HQ building 1,420,000

Delivery vehicles · 4 assets 215,000

Computers and equipment 95,400

Office furniture 34,600

Automatic depreciation · real-time entry posting · full archiving per asset

Report: January depreciation

REP-FA-2026-01

Straight-line depreciation · automatic posting

Automatic depreciation

Audit-ready report

Why the fixed-asset register and its reports drain hours from your accounting team

At each period end, the accountant recalculates depreciation per asset manually, updates the book value, and prepares additions and disposals reports on separate Excel files. The result: hours lost, calculation errors, and gaps in compliance reporting. An automated asset register turns this work into reports ready at the click of a button.

Automatic depreciation

Qoyod computes the monthly depreciation per asset using the straight-line method and posts the accounting entry to the ledger automatically.

+25K

Saudi businesses rely on Qoyod to manage their fixed-asset registers and issue depreciation and compliance reports reliably.

Compliance reports

Unified asset register, depreciation schedule, additions and disposals movements — ready to hand to the external auditor per IFRS and SOCPA.

How do finance teams manage fixed assets today?

Compare common ways of tracking assets and issuing depreciation reports against Qoyod’s automated asset register.

Method	Risks & issues	Other accounting software	RecommendedQoyod's solution
Tracking assets in Excel spreadsheets	Manual depreciation calculations Errors in book value Difficulty updating new assets No archiving of prior-period reports	Requires manual depreciation entries No link to accounting entries	Automatic depreciation · direct entry posting · full archiving
Relying on an outside accountant for quarterly reports	Delays in report preparation High monthly cost No real-time control over asset status Data-loss risk	Reliance on external manual entry No real-time view of book value	Self-serve real-time reports · zero reliance on a third party for daily operations
Building asset reports from separate files	Manual data consolidation Difficulty reconciling across records No documentation for additions and disposals Gaps in compliance reporting	Multiple sources need manual consolidation No single source of truth for assets	Unified asset register · documentation of every movement · ready compliance reports

Current method

Tracking assets in Excel spreadsheets

Risks & issues

Manual depreciation calculations
Errors in book value
Difficulty updating new assets
No archiving of prior-period reports

Other accounting software

Requires manual depreciation entries
No link to accounting entries

Recommended

Qoyod's solution

Automatic depreciation · direct entry posting · full archiving

Current method

Relying on an outside accountant for quarterly reports

Risks & issues

Delays in report preparation
High monthly cost
No real-time control over asset status
Data-loss risk

Other accounting software

Reliance on external manual entry
No real-time view of book value

Recommended

Qoyod's solution

Self-serve real-time reports · zero reliance on a third party for daily operations

Current method

Building asset reports from separate files

Risks & issues

Manual data consolidation
Difficulty reconciling across records
No documentation for additions and disposals
Gaps in compliance reporting

Other accounting software

Multiple sources need manual consolidation
No single source of truth for assets

Recommended

Qoyod's solution

Unified asset register · documentation of every movement · ready compliance reports

Qoyod's solution

Six capabilities that make the fixed-asset register automatic and audit-ready

Qoyod’s fixed-asset register calculates depreciation automatically, generates its accounting entries, tracks additions and disposals, and issues compliance reports ready for the external auditor per IFRS and SOCPA.

Unified register for every fixed asset

Maintain a central asset register that holds every asset in your business with its cost, purchase date, useful life, depreciation method, cost center, and current book value in one place.

Automatic depreciation calculation

Qoyod calculates depreciation automatically using the straight-line method per each asset's useful life, posting the accounting entry with no manual work.

Monthly and annual depreciation reports

Issue the depreciation report for the period you choose — monthly, quarterly, or annually — with per-asset details: cost, period depreciation, accumulated depreciation, and book value.

Tracking additions, disposals, and transfers

Document every movement on the asset: addition of a new asset, disposal or sale, transfer between branches or cost centers — with the appropriate accounting entry generated and the book value updated in real time.

Revaluation and book-value adjustment

Record asset revaluation entries per IFRS when needed, with documentation of the reason and its attachments, and the system updates the register and accounting entries automatically.

Compliance reports ready for the external auditor

A compliant audit pack: asset register, accumulated depreciation schedule, additions and disposals, and revaluations — tied to the accounting entries with full archiving of every movement.

How the fixed-asset register works in Qoyod

Four steps from recording the asset to the audit-ready compliance report — in a single workflow.

Record the asset with its cost and useful life

Add the new asset to the register: name, category, cost, in-service date, useful life in years, and the related cost center.

Set the asset's depreciation inputs

Enter the asset's useful life and any residual value, and Qoyod calculates straight-line depreciation automatically from the in-service date.

The system computes depreciation and posts the entry automatically

At each period end, Qoyod calculates the monthly depreciation per asset, generates the accounting entry, and posts it to the ledger, updating the trial balance in real time.

Issue asset and compliance reports whenever you want

Print the asset register, the accumulated depreciation schedule, the additions and disposals, and the compliance reports ready to hand to the external auditor.

Accounting teams in Saudi Arabia choose Qoyod to manage the fixed-asset register

Thousands of Saudi businesses rely on Qoyod to keep their books and their fixed-asset registers and to issue depreciation and compliance reports methodically and reliably.

Built to help accountants deliver audit-ready asset reports

Qoyod's fixed-asset register calculates depreciation automatically per each asset's method, generates the accounting entry and posts it to the ledger, and archives additions, disposals, and revaluations — so you step into the audit stage with a complete, consistent register per IFRS and SOCPA.

Audit readiness 14-day trial

Try the fixed-asset register free for 14 days with no credit card, build the first depreciation report, and show the results to your team or auditor before committing.

+25K

Saudi businesses manage their fixed-asset registers in Qoyod and issue their reports at the click of a button

FAQ

Have some questions?

Answers to the most common questions about Qoyod’s fixed-asset register.

How does Qoyod calculate fixed-asset depreciation?+

Qoyod calculates depreciation using the straight-line method recognized under IFRS. When you record an asset, you set its cost, useful life, and any residual value, and the system computes the monthly depreciation per asset and posts the accounting entry automatically.

Can I revalue an asset and adjust the book value?+

Yes. Qoyod supports revaluation entries per IFRS, with documentation of the reason and its attachments. The system updates the register and future depreciation entries automatically based on the new value.

How do I handle disposals and sales?+

When an asset is sold or retired, Qoyod automatically generates the disposal entry: it records depreciation up to the disposal date, removes the asset's value and accumulated depreciation from the register, and calculates the resulting gain or loss.

Do asset reports integrate with the trial balance in real time?+

Yes. Every depreciation, addition, or disposal entry is posted to the general ledger automatically as soon as it is approved, appearing in the trial balance, balance sheet, and income statement with no manual reconciliation.

Are the reports suitable for submission to the external auditor?+

Yes. Qoyod issues a compliant audit pack: the full asset register, the accumulated depreciation schedule, additions and disposals movements, revaluations, and the related accounting entries — all with archived attachments and approvals, per IFRS and SOCPA.

Can I customize asset categories to my business activity?+

Yes. Build a custom asset-category tree for your business (buildings, vehicles, production equipment, computers, furniture, intangibles) and give each category its default settings: useful life, depreciation method, and cost account in the chart of accounts.

Start automating your fixed-asset register today

Try Qoyod free for 14 days. No credit card required. Record your first asset and issue the depreciation report in minutes.

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14-day free trial · No credit card · Audit-ready compliance reports