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Automated schedules — depreciation, amortisation and recurring journals

· 3 min read
Shawn Vader
Shawn Vader
CTO at Fiskl

Depreciation. Prepayments. Deferred revenue. Recurring journals. Four of the most-requested jobs on your month-end list, and four of the most tedious to key in by hand, period after period. As of this week, Fiskl does all four for you. You set each one up once, review the full plan before anything posts, and the entries appear on the right date without you.

These are the entries that quietly decide whether your books are right — repetitive to post, easy to forget, and unforgiving when they slip. You have asked us to take them off your plate for a long time. Here are the four new tools that do it.

Fixed assets and depreciation​

There is now a proper asset register under Accounting > Fixed assets. Every asset shows its cost, net book value, method, and progress, and its depreciation posts on its own each period — straight-line, reducing-balance, or sum-of-years'-digits. Need to match a local tax rule? Author a custom rule: a rate table such as 40/20/20/20 over four years, in percentages or in plain amounts if you think in figures. Approve it once, then reuse it across assets. See Fixed Assets and Depreciation.

Prepayments​

Pay for something once and use it all year — insurance, rent in advance, an annual software plan — and Fiskl spreads the cost across the months it actually covers, instead of dropping it all into the month you paid. Set the schedule up and each entry posts itself. See Prepayments and Amortisation.

Deferred revenue (Revenue Recognition)​

The mirror image, for money you have been paid before you have earned it — subscriptions, retainers, annual support contracts. Fiskl recognises the income gradually, period by period, as you deliver, so your revenue reflects what you have actually earned rather than what has landed in the bank. See Deferred Revenue and Revenue Recognition.

Recurring journal entries​

For the journal you retype by hand every month — rent, a fixed retainer, a standing charge — set the amount once and Fiskl posts the same entry on schedule from then on. See Recurring Entries.

You see the whole plan before anything posts​

None of these fire in the dark. The moment you set one up, you see every future entry — its date, amount, and remaining balance — before the first one posts, and at any point you can see what has posted, what is due, and what is outstanding. Pause a schedule, dispose of an asset, and — new this week — undo a disposal or reverse a posted entry when you need to correct course. Anything that touches a closed period is reversed with a balancing entry rather than deleted, so your filed periods stay intact.

Start at the Schedules Overview when you are ready.

— Shawn Vader, CTO