Record what the business owns, choose how it wears out, and let Kantivo build the month-by-month schedule and post each period to the ledger. The register and the balance sheet stay in agreement because they are written by the same entries.
Try It FreeWalter opens the register, shows how each asset keeps its own method, and generates a vehicle's depreciation schedule month by month. Posting the closed periods writes the entries: depreciation expense debited, accumulated depreciation credited.
Presented by one of the AI assistants built into the app. A real screen recording of the software.
Most small companies keep their asset list in a workbook and key a depreciation entry each month from it. The workbook drifts, someone forgets a month, and at year end accumulated depreciation on the balance sheet no longer matches the schedule your accountant holds.
Kantivo keeps the register inside the books. Each asset carries its own cost, salvage value, useful life and method. From those terms Kantivo computes a monthly schedule, and when a month has ended you post it: one journal entry per period, dated on the last day of that month, debiting depreciation expense and crediting accumulated depreciation.
Name, optional asset number, category, purchase date, cost, salvage value, useful life in years and a method.
Kantivo lays out every month of the asset's life: opening value, the period's charge, accumulated total and closing value.
Only months that have finished are offered for posting. Each becomes its own dated journal entry.
The register shows total cost, total accumulated depreciation and net book value for assets still in service.
Pick the method that matches your accounting policy; each asset keeps its own.
Charges are calculated per month from the purchase date, so interim statements carry the right expense without a year-end true-up.
Change an asset's terms and generate again. Periods already posted are left exactly as they were; only the unposted remainder is rebuilt.
Companies often keep accumulated depreciation by class. Kantivo matches the asset's category to an account such as "Accumulated Depreciation - Vehicles" and falls back to a general accumulated depreciation account when no class-specific one exists.
Any business carrying vehicles, plant, computers, fit-out or furniture on its balance sheet: contractors, clinics, manufacturers, agencies and family offices holding operating assets in several entities. The schedule gives your accountant a reconciled figure to work from rather than a workbook to audit.
No. Kantivo only offers periods whose month has already ended. Later periods remain on the schedule and become available as each month closes.
Generate the schedule again. The months already posted stay as booked and still count toward accumulated depreciation; the remaining months are recalculated from the new terms.
The schedule is book depreciation for your financial statements. Tax methods such as MACRS or Section 179 elections are a matter for your tax preparer and are not calculated here.
Start a free 30-day trial and generate your first depreciation schedule in a few minutes.