Why finance and asset teams pick Virtuoso
Fixed asset registers that drift from the general ledger become a chronic audit risk. Virtuoso ties asset cards, postings, depreciation, and lifecycle events into one document-driven flow — accounting, tax, and management depreciation calculated in parallel and reconciled at the source.
What you get
- Inventory cards by materially responsible person — physical and value accounting per asset.
- Three depreciation tracks — accounting, tax, and management, each with its own methods.
- Full lifecycle coverage — acquisition, installation, commissioning, internal transfer, sale, liquidation, repair, modernization, revaluation, indexation, and inventory.
- Asset categories — fixed assets, low-value non-current tangible assets, intangible assets, and low-value/quick-wearing items.
Capabilities
Master data
- Property item cards with name, number, unit of measure, VAT tariff, item group, variant group, suppliers, manufacturers, and classifiers.
- Variant accounting for differentiated assets (capacity, model, service life).
- Inventory objects (item × warehouse × variant × batch/serial) and unique inventory numbers.
- Tax-group, accounting-group, and production / non-production flags.
Lifecycle operations
- Acquisition, installation costs, and commissioning.
- Internal transfers between materially responsible persons and locations.
- Sale, supplier return, liquidation, and write-off.
- Repair, modernization, improvement, and capitalized improvement tracking.
- Revaluation and indexation.
- Inventory documents with results processing.
- Leased property accounting.
- Low-value item depreciation on commissioning and disposal, with manual correction.
Depreciation and value
- Accounting depreciation methods.
- Tax depreciation methods (separate calculation track).
- Management depreciation/amortization methods.
- Fair value, residual value, accumulated depreciation, and accumulated improvements.
- Tracking of precious metals where applicable.
- Multi-currency value tracking with main and alternative accounting currencies.
Outputs
- Standard primary forms (acceptance, transfer, write-off, etc.).
- Turnover reports, inventory lists, and statutory forms.
- Postings to financial accounting and tax registers.
- Drill-down from any asset value to the source operations.
Outcomes
- A fixed-asset register that the trial balance always agrees with.
- Accounting and tax depreciation calculated in parallel — without spreadsheets.
- Repair and modernization costs accumulating against the right asset, automatically.
- Inventory exercises producing results that flow directly into accounting.
Bring your asset register. Book a working session →