Why faManager
Your Depreciation Numbers Are Probably Wrong
If your software calculates depreciation monthly, it's rounding — and the rounding compounds across your portfolio year over year. This page shows the math.
The Core Problem
Monthly Depreciation Is an Estimate — Off by Up to 15 Days per Asset
Most fixed asset tools treat depreciation as a monthly event. An asset acquired on March 15 gets rounded to March 1 or April 1 — 15 days of error on a single asset, in a single period. The next section puts a dollar figure on it.
Every mid-month acquisition is wrong
Tools that calculate monthly can only start depreciation on a month boundary. Assets acquired mid-month are rounded forward or backward. The exact acquisition date — the date you actually put the asset into service — is ignored.
The error compounds across your portfolio
One asset with a 15-day rounding error is a rounding error. Two hundred assets, each acquired mid-month, each with different rounding directions — that's thousands of dollars of accumulated error sitting in your depreciation schedules.
You can't report for arbitrary dates
Need depreciation as of March 17 for a mid-quarter review? A bank reporting package? An insurance appraisal? Monthly tools only know month-end boundaries. They can't give you a number for any date that isn't the last day of a month.
A Concrete Example
$727.99 off. Per asset. Per year.
Same asset. Same rate. Same period. Two different approaches to counting days produce two different numbers. Here's the math.
Asset acquired March 15. Report period ends December 31. The monthly method estimates 10 months. The daily method counts 291 actual days.
Now multiply that discrepancy across 200 assets over 5 years. The accumulated error in your depreciation schedules is not a rounding issue — it's a material misstatement.
Most Fixed Asset Software
Asset cost: $100,000
Rate: 20% declining balance
Acquisition: March 15
Period end: December 31
Months rounded: 10
Method: declining balance, compounded monthly
Exact Day Count
Asset cost: $100,000
Rate: 20% declining balance
Acquisition: March 15
Period end: December 31
Actual days: 291
Calculated daily, each day's NBV
Precision Matters
What Daily Calculation Actually Changes
Beyond the totals themselves, daily calculation determines which report dates are even possible. The table shows where monthly tools hit their limits.
| Capability | Monthly Tools | faManager |
|---|---|---|
| Calculation precision | Rounded to nearest month | Exact day count |
| Mid-month acquisitions | Rounded forward or back | Calculated from actual date |
| Report for any date | Month-end only | Any date, any period |
| Arbitrary period reporting | Calendar boundaries only | Start and end any day |
| Journal entry timing | Month-end batches | Any period you define |
| Accumulated error over 5 years | Compounds annually | Zero — exact from day one |
| Disposal precision | Rounded to month of disposal | Exact depreciation to disposal date |
Built for Canada
Built and Hosted in Canada
Most fixed asset software was designed for US accounting rules and hosted on US servers. faManager was built in Canada, from the ground up, for Canadian businesses.
Data Stays in Canada
Your fixed asset data is hosted on Canadian servers and never crosses the border, so PIPEDA applies to it end to end.
Canadian Support
Support comes from the same team in Brandon, Manitoba that builds the product. Email is answered by a person, usually within one business day.
All Pricing in CAD
Every tier and every invoice is in Canadian dollars, so your costs don't move with the exchange rate.
faManager wasn't adapted from a US product. Cloudtric built it in Brandon, Manitoba, around Canadian fiscal year conventions and CRA requirements, for Canadian businesses from the start.
How We Compare
Spreadsheets, Traditional Software, and faManager
Three approaches to fixed asset management. The differences go beyond depreciation precision.
|
Spreadsheets
|
Traditional Software
|
faManager
|
|
|---|---|---|---|
| Depreciation accuracy | Manual formulas, error-prone | Monthly rounding | Daily precision |
| Setup time | Hours of formula building | Days of configuration | Minutes |
| Report flexibility | Whatever you build | Month, quarter, year only | Any date range |
| Multi-company | Separate files per entity | Extra licenses | Built-in, one subscription |
| Audit trail | None | Basic logs | Every action logged |
| Journal entries | Manual, every period | Monthly batches only | Any period, auto-generated |
| Canadian hosting | Depends on your setup | Usually US servers | Always in Canada |
| Starting cost | "Free" — your time | $1,500+/year | $0/month free tier |
Who It's For
Small Businesses, Growing Companies, and Accounting Firms
Small Businesses
You bought equipment. You need to track it for your books and CRA. You don't want to spend three hours a month on depreciation formulas in a spreadsheet that one typo can break.
faManager handles the math. You put in the asset. It gives you the depreciation schedule, the journal entry, and the report — exact to the day you acquired it.
- Set up in minutes, not days
- No accounting background required
- Free tier for small portfolios
Growing Companies
Multiple entities, hundreds of assets, several users with different roles. You need real-time net book value, period reports that match your GL, and journal entries you can post without manual adjustment.
Monthly rounding that was invisible with 20 assets becomes a material issue at 200 — variance your auditors will ask you to explain.
- Multi-company, one subscription
- Role-based access control
- Full audit trail, every action
Accounting Firms
You manage fixed assets for multiple clients. You need to run reports across all of them, generate journal entries on your client's fiscal year end, and hand over schedules that don't require you to explain why the numbers don't match the underlying data.
faManager's firm tier gives you a multi-client dashboard, per-client access control, and daily depreciation precision — without paying per-seat for every staff member.
- Multi-client dashboard
- Staff assignment with role control
- Simple per-client monthly billing
See the Difference for Yourself
Try our free depreciation calculator — enter your own numbers and see how daily precision compares to monthly estimates. No account required.
Free plan available. No credit card required. Canadian data residency.