Complete Asset Register
Maintain an accurate record of every asset.
Fixed Asset Management System
Know What You Own and What It’s Costing You
TimeTrax Fixed Assets Management System tracks every asset across its full lifecycle, automates depreciation and maintains a complete asset register. Ensure accurate asset accounting, control and compliance from acquisition to disposal.
Trusted by 500+ Active Organizations across Multiple Industries
30th Year of Excellence
1 Million+ Employees Managed
Enterprise-Grade Security
Cloud & On-Premise Deployment
The Basics
What is a Fixed Assets Management System?
A Fixed Assets Management System tracks an organization’s physical assets throughout their lifecycle, from acquisition and depreciation to transfer, revaluation and disposal. It maintains an accurate asset register and automates the related accounting.
TimeTrax Fixed Assets Management replaces manual asset spreadsheets with an automated, auditable system. It calculates depreciation, tracks asset location and condition, and keeps your books accurate, ensuring compliance and eliminating ghost assets.
Why TimeTrax
Why Choose TimeTrax Fixed Assets Management
Track every asset accurately, from acquisition to disposal.
Automated Depreciation
Calculate depreciation across multiple methods.
Asset Tracking
Track asset location, custodian and condition.
Accurate Accounting
Keep asset books compliant and audit-ready.
The Problems
Common Fixed Assets Challenges We Help You Solve
Assets tracked on error-prone spreadsheets
Manual, inconsistent depreciation
Ghost and untracked assets
No visibility into asset location
Difficult asset audits
Inaccurate asset values on the books
Capabilities
Key Features of TimeTrax Fixed Assets Management
Everything you need to manage assets across their lifecycle.
Asset Register
Record every asset with full details and history.
Depreciation Engine
Automate depreciation across methods and books.
Transfers and Disposals
Manage asset transfers, revaluation and disposal.
Barcode Tracking
Tag and track assets with barcodes or RFID.
Asset Audits
Conduct physical asset verification easily.
Asset Reports
Generate asset, depreciation and value reports.
How It Works
The Fixed Assets Management Workflow
See how Fixed Assets Management flows end to end inside TimeTrax.
Choosing a System
How to Choose a Fixed Asset Management System
The asset register is the document most often assumed to be accurate and least often verified.
A depreciation spreadsheet
Correct arithmetic, no controls. Disposals get recorded late or not at all, so the register accumulates ghost assets — items still depreciating in your books that physically left the building years ago.
A tagging system on its own
Solves location and verification properly. It has no depreciation engine and no link to the ledger, so finance maintains a parallel schedule and the two versions drift apart between audits.
One register serving both purposes
TimeTrax holds acquisition, depreciation across methods and books, transfers, revaluation and disposal against assets you can physically scan. A fixed asset management system that both teams actually use is the only version that stays true.
Industries
Built for Every Industry Ready for Digital Transformation
Whether you’re replacing manual processes or upgrading from a legacy system, TimeTrax provides the technology, expertise and support to help you succeed.
Manufacturing
Manage large workforces, multiple shifts, overtime, attendance, leave and payroll with greater accuracy while improving operational efficiency.
Retail & FMCG
Support distributed teams across multiple branches with centralized employee management, real-time tracking and streamlined HR processes.
Healthcare
Simplify workforce scheduling, credential management, shift planning and compliance while ensuring uninterrupted healthcare operations.
Education
Manage faculty, administrative staff and support teams through a centralized HR platform with automated attendance, leave and payroll.
Logistics & Supply Chain
Track employees across warehouses, distribution centers and field operations while improving workforce visibility and productivity.
Textile & Apparel
Handle complex workforce structures, production shifts, attendance and payroll efficiently across factories and manufacturing units.
IT & Technology
Create a modern employee experience with digital HR processes, self-service, performance management and workforce analytics.
Hospitality
Manage shift rotations, seasonal staffing, attendance, leave and payroll while delivering a seamless experience for employees and HR teams.
Connected Ecosystem
Integration Capabilities with Your Existing Systems
Connect HR processes with the systems your business already relies on.
- Biometric Attendance Devices
- ERP Systems
- Payroll & Finance Software
- Accounting Platforms
- Microsoft Active Directory & SSO
- Email & SMS Gateways
- Document Management Systems
- REST APIs & Third-Party Apps
Implementation
Simple & Hassle-Free Implementation
From initial planning to post-go-live support, our specialists work closely with your team to configure the system around your business processes, migrate existing data and ensure a smooth transition.
01
Discover & Plan
We understand your specific business requirements to recommend the best implementation approach.
02
Configure & Integrate
Our team configures workflows, policies, user roles and integrations to align the platform with your existing operations.
03
Data Migration & Testing
Employee records and historical data are securely migrated, followed by thorough testing to ensure everything works as expected.
04
Training & Go Live
We train HR teams, managers and employees before launching the system, backed by continuous support for a successful rollout.
We not only meet but exceed expectations
Dedicated implementation consultants
Secure data migration
User training and onboarding
Integration assistance
Post-launch technical support
Continuous product enhancements
Unleashing the Power of Data with TimeTrax
30th
Year of Excellence
35+
Countries covered
2000+
Implementations
1 Million+
Users
Ready to Get Control of Your Assets?
Eliminate ghost assets and manual errors. TimeTrax Fixed Assets Management tracks every asset and automates depreciation for accurate, compliant books.
Terminology
What else is a Fixed Assets Management System called?
Fixed asset management system and fixed asset management software are the same purchase, and both get bought for one of two reasons. The finance reason is depreciation that currently lives in a spreadsheet. The operations reason is not knowing where things physically are. They need the same register but they test it differently, so be clear which one is driving the project. Register and depreciation post to the same accounts as the rest of the ERP system, so the asset note in the financials is not assembled by hand.
It shares its data most closely with Cloud Accounting Software, Procurement Software and Inventory Management Software. ERP systems for modern businesses takes the same question from the buyer’s side.
Frequently Asked Questions
Everything you need to know about the TimeTrax Fixed Assets Management System.
What is a Fixed Assets Management System?
A Fixed Assets Management System tracks physical assets across their lifecycle, from acquisition and depreciation to disposal, while maintaining an accurate asset register. TimeTrax automates asset accounting end to end.
Does it automate depreciation?
Yes. TimeTrax calculates depreciation automatically across multiple methods and books.
Can it track asset location?
Yes. TimeTrax tracks each asset's location, custodian and condition, with barcode or RFID tagging.
Does it handle transfers and disposals?
Yes. Asset transfers, revaluations and disposals are managed with full accounting impact.
Can it help with asset audits?
Yes. TimeTrax supports physical asset verification to eliminate ghost assets.
Does it integrate with financials?
Yes. Fixed Assets connects with the Financial Management module for accurate, compliant books.
Can it run different depreciation for tax and accounts?
Yes, in parallel books. One asset can depreciate on a statutory basis and a tax basis without maintaining two registers, which is the reconciliation most spreadsheet schedules eventually fail.
How do physical verifications work?
Assets are tagged with barcodes or RFID and verified by scanning, with discrepancies reported against the register. Fixed asset management software earns its keep here — the count is not the hard part, closing out what the count found is.
Now, what's stopping you?
Every Asset, Accounted For
Bring accuracy and control to your asset base. TimeTrax Fixed Assets Management keeps your register complete and your books compliant.