Plaza-i Fixed Asset logo

Plaza-i Fixed Asset

by Business Associates · Since 1987
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Active1+ countriesCloudOn-premise
Quick facts
VendorBusiness Associates
Year launched1987
StatusActive
LocationFirst Okada Bldg. 7F,4-3-5 Shiba, Minato-ku,Tokyo 108-0014
Countries served1+
Languages2
Integrations
Free tier
Free trial
Contact salesYES

About Plaza-i Fixed Asset

Plaza-i Fixed Asset is a fixed asset management software from Business Associates that helps organizations manage their assets efficiently. It provides features such as asset tracking, compliance management, and reporting tools so that businesses can maintain oversight of their assets amidst growth challenges. The platform addresses issues related to fragmented departmental systems, keeping up with evolving business needs, adapting to legal reforms, and the need for effective implementation without in-house IT specialists. Plaza-i Fixed Asset also facilitates integration with existing enterprise systems, ensuring simplified operations. Key capabilities: asset tracking compliance management reporting tools integration support user-friendly interface Best for: enterprises that need a comprehensive solution for managing their fixed assets.

Plaza-i Fixed Asset is a robust fixed asset management software designed to serve as either a standalone solution or an integrated module within the broader Plaza-i ERP system. It offers high usability and compliance with evolving tax regulations, making it suitable for companies across various industries, including those listed on the Tokyo Stock Exchange, large accounting firms, and financial institutions. The platform supports complex asset management processes such as construction in progress (CIP), impairment accounting, lease accounting, asset retirement obligations, and IFRS compliance, including IFRS 16 for leases. Plaza-i Fixed Asset accommodates both cloud and on-premise deployment, allowing organizations to select the implementation method that best suits their operational and security needs. The software handles the calculation of depreciation with multiple methods and useful lives for bookkeeping and tax purposes, enabling companies to reflect variances accurately in financial reporting. Its batch processing capabilities simplify the management of large numbers of assets, including sales, retirements, and transfers across departments or organizational units. Additionally, Plaza-i Fixed Asset allows for monthly depreciation adjustments, simulations for future acquisitions, and multi-currency support for overseas operations.

Pros & Cons

What users like
  • +Supports both standalone and ERP-integrated deployment for versatile corporate usage efficiently.
  • +Compliant with IFRS and Japanese tax reforms ensuring accurate accounting standards.
  • +Handles large volumes of assets with batch processing for efficiency.
  • +Flexible depreciation methods and multi-currency support for global financial operations.
  • +Allows detailed simulation and forecasting of asset depreciation accurately and quickly.
What users flag
  • May require training to utilize advanced depreciation and lease features effectively.
  • Complexity may be challenging for small organizations with fewer assets managed.
  • Customization for unique corporate structures could require additional technical support assistance.
  • Cloud deployment may depend on internet stability, affecting consistent accessibility performance.
  • Pricing information is not publicly available, complicating budgeting and cost evaluation.

Features

Key features

Construction in Progress (CIP) – Register assets under construction and transfer them to fixed asset accounts upon completion.
Multiple Depreciation Methods – Support for straight-line, declining balance, special, advanced, and additional depreciation methods.
Asset Retirement and Batch Processing – Perform sales, retirements, and transfers for large volumes of assets efficiently.
Impairment Accounting – Calculate depreciation and carry out adjustments post-impairment using advanced methods.
Lease Accounting – Manage leases as a lessor, including IFRS 16 compliance.
Multi-Currency and Overseas Support – Manage depreciation data for overseas locations in local currencies.
Simulation and Forecasting – Calculate estimated depreciation for future fiscal years, including planned acquisitions.

Additional features

CIP Registration and Transfer – Register assets in construction and transfer to fixed asset accounts or other departments.
Depreciation for Bookkeeping and Tax – Manage different useful lives, depreciation methods, and salvage values for financial and tax purposes.
Special and Advanced Depreciation – Support special depreciation rules, direct reduction methods, and additional depreciation for multiple asset groups.
Monthly Depreciation Adjustments – Adjust useful life or depreciation methods on a monthly basis for accurate reporting.
Batch Asset Retirement and Sales – Execute bulk asset retirement or sale processes for efficiency.
Allocation of Depreciation by Department – Assign depreciation expenses to multiple departments or organizational units.
Asset Impairment and Ten-Ninth Method – Calculate depreciation post-impairment for accurate reporting.
Lease and Asset Retirement Obligations – Support lessor lease accounting and retirement obligations.
Fixed Asset Ledger and CIP Ledger – Maintain detailed ledgers for both fixed assets and assets under construction.
Regulatory Compliance and Reporting – Generate Form 16, eLTAX data, monthly comparative reports, and supplementary statements.

Pricing

Free trial
Free version
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Countries & Languages

1
Countries served
2
Interface languages
1
Billing currencies

Available in

Japanese

Interface languages

EnglishJapanese

Billing currencies

🇯🇵JPY

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