Asset Guru is currently the only available app I’ve found which offers a complete asset management system, including but not limited to – depreciation calculations, cloud connection, geospatial mapping and many reporting tools along with future projections of assets. Asset Guru is available to use in either Xero or QuickBooks.
Started in Australia, the website boasts large clientele such as – Helix, RK Motors, Agil one, Murphy Pipe & Civil and Old World. Although it hasn’t quite taken off in the UK yet, it does potentially have all the signs of a very popular product.
The Set Up
Asset Guru will set all your assets up for you on your behalf, I think this is a great start. This takes any pressure from the business owner and starts life with Asset Guru firmly on a forward step. Most businesses will have some kind of asset register or list and this can be used, or in the case of Whiting & Partner clients – we will already have a running asset register on your behalf which will be correct from the time of your last accounts.
Once set up is complete the process is simple. As new assets are added to the business, simply add them to Asset Guru. This can be in as much detail as you want, either at home from a PC or on the go with your mobile. The real beauty with this app is it will automatically post into Xero (sorry not QuickBooks at the moment) saving your time if you do your own bookkeeping or your accountants time – saving you money!
Who is it for?
This is ideally for businesses with a large amount of machinery or tools. Or any company looking to use the next cutting edge apps to run their business. After all, Xero does already offer an Asset section on its software; although it is far simpler than Asset Guru for most businesses it does everything that they need.
What Does It Cost?
Like nearly all the other apps there is a 30 day free trial. Now, I have to say I am very impressed that somebody from Australia took the time to call me and discuss Asset Guru with me. He answered all me question and had very good product knowledge. The only problem was he wouldn’t give me a price as all client needs are different and didn’t want to commit himself to a price. So if it is something you could be interested in then you would have to contact Asset Guru directly for a quote.
For me, this blog was less about this specific product as personally it doesn’t apply to most businesses, but more about the fantastic idea and to show how quickly things are developing in the app/cloud accounting world, there is almost an app for everything!
If you are interested in any more information about this app or any other apps covered, please contact me with any questions or to arrange a demonstration of some of the great possibilities available to you with cloud based accountancy software.