This section uses Briefcase's Fixed Assets module to automatically reconcile all fixed asset balance sheet accounts.

If you are not already using Briefcase's built-in Fixed Asset register, we recommend doing so. You can learn more about this in this support article.


The top section of the fixed assets section shows a breakdown of the entire fixed asset register for the working paper period:

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Here you can see the opening balance of the cost basis, accumulated depreciation and net book value. You can also see the movement within the working paper period to see how much depreciation has been posted this period for example. In the bottom right you will also see the number of assets registered as well as the change in assets over the working paper period.


Below you will see the fixed assets grouped by asset account:

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Each line shows the number of assets in the group and the total value of the assets in the group. You can click to expand any of the groups to see a breakdown of the assets within the group:

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Briefcase will automatically compare the account per your ledger against the computed balance based on the assets and their depreciation. This will happen for the cost account (for example 710 - Office Equipment) and for the contra-asset account (for example 711 - Less Accumulated Depreciation on Office Equipment). If the account balances match, the account will be auto-reconciled for you. If there is a difference, this will be shown and you have 2 options:

  1. Update the fixed asset register: In the case that an asset is missing from the register for example, you would want to add this asset to the register.

  2. Manually reconcile with a difference: You will have the option for reconcile the account with a difference, justifying the reason for the difference (eg "rounding error") and attaching any relevant documents to support this.


Once all fixed asset groups are reconciled, the fixed asset section will be marked as complete:

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