Asset management software for New Zealand organisations
A cloud asset management system for New Zealand teams: one fixed asset register, stocktakes by site, and diminishing value or straight-line depreciation side by side. Values in NZD; the subscription is billed in US dollars, with a free Starter plan.
IRD depreciation: diminishing value, straight line and low-value assets
Inland Revenue lets a business claim a deduction for the loss in value of capital assets it owns and uses, or intends to use, in the business. IRD describes two methods: diminishing value, which depreciates at a high rate early in an asset’s life with a reducing amount each year, and straight line, which depreciates at the same rate every year. You do not have to use the same method for every asset. IRD also states that, for assets acquired from 17 March 2021, the low-value asset write-off threshold is $1,000.
Asetavo supports both methods on a per-asset basis: reducing balance for diminishing value and straight-line for straight line, on a tax profile that runs beside the book profile in your accounts. Rates come from IRD’s published tables via your accountant; Asetavo applies the rate you set.
General information, not tax advice. IRD rates and thresholds can change; check ird.govt.nz and your accountant.
Counting assets before a 31 March balance date
The standard balance date in New Zealand is 31 March, so for many organisations the fixed asset stocktake usually happens in February or March. Asetavo runs it as an audit scoped to one office, depot, school or farm block; staff scan with a phone or handheld scanner, and anything missing or unregistered goes on a variance list that finance can export to Excel.
One fixed asset register across every site
- Each asset carries its tag, location, custodian, cost and depreciation method.
- Filter the register by site, building or room, or by category and status.
- Export any view to Excel or CSV for your accountant.
Billed in USD. Starter is free; Growth and Business add the features noted on each section. Compare plans →
Councils, schools, primary industries and contractors
Councils and public bodies
Equipment, vehicles and IT across service centres and depots, with custodians and maintenance history for each item.
Schools and kura
Devices and classroom equipment lent to staff and students, counted by room and chased when overdue.
Farming, horticulture and forestry
Tools and machinery spread across blocks and sheds; the phone apps (coming soon) keep working out of coverage and sync later.
Construction and civil contractors
Plant and tools checked out to crews, with GPS-tracked equipment showing its last reported position on the Business plan.
The fixed asset register NZ accountants ask for
- A description, asset number and tag for each item, with its location and the person responsible.
- Cost, date of acquisition and the depreciation method and rate applied.
- Disposals with the date, proceeds and the gain or loss against book value.
- A history of moves, check-outs and maintenance, so questions about an item can be answered from one record.
NZD in the register, US dollars on the invoice
Set NZD as the workspace currency so costs and book values read in New Zealand dollars. Subscriptions are billed in US dollars, so your bank converts the charge. Starter costs nothing, which makes it easy to trial on a single site first.
Official sources
Tax and reporting rules change. These are the official pages behind the general context above (checked 2026-10-09). They are not tax advice: confirm the treatment of your assets with your accountant or tax adviser.
Asset tracking in other countries
Questions from New Zealand buyers
Ready to account for every asset?
Tag, track and audit everything you own — from a handheld scanner to a boardroom report.
No card required · Workspace ready in minutes · Simple USD pricing
