Cohiva Control vs AssetAccountant: maintenance and a fixed-asset register in one
AssetAccountant and Cohiva Control both deal with fixed assets, but they come at the problem from opposite directions. AssetAccountant is a finance-first product built specifically for fixed-asset and lease accounting. Cohiva Control is a maintenance system that adds a native depreciation ledger so the asset you maintain and the asset you depreciate are the same record. This page is honest about which direction suits which buyer.
At a glance
| Capability | Cohiva Control | AssetAccountant |
|---|---|---|
| Fixed-asset depreciation | Yes, six methods including AASB 16 | Yes, a finance-first specialty |
| Tax and accounting depreciation depth | Standard methods, AU AASB 16 | Deep, a core strength |
| Lease accounting | AASB 16 right-of-use and liability split | Yes, a core strength |
| Maintenance: work orders and PM | Yes | Not the product’s focus |
| Asset register with QR codes and condition | Yes | Asset register, finance-oriented |
| Contractor gate with no override | Yes, a hard 422 | Not applicable |
| Posts journals to Xero, QuickBooks, NetSuite | Yes | Yes, finance integrations |
The AssetAccountant column is category framing. Confirm current capability and pricing on their site.
Where AssetAccountant is strong
AssetAccountant is built by and for finance. As a dedicated fixed-asset and lease accounting tool, it carries the depth you would expect: detailed handling of tax versus accounting depreciation treatments, lease accounting, and the edge cases that a finance team meets at year end. If your requirement is a deep, standalone asset-accounting product, and maintenance workflows are handled elsewhere or not at all, AssetAccountant is a strong and credible choice. A buyer whose problem is purely asset accounting should give it serious weight.
Where Cohiva Control is strong
Cohiva Control’s wedge is that it removes the seam between maintenance and asset finance. In most setups a CMMS maintains the asset and a separate register depreciates it, with a periodic export and reconciliation in between. Cohiva Control keeps one asset record across both. The depreciation engine runs six methods, straight-line, diminishing value, double declining balance, units of production, sum of years digits and AASB 16 leases. Each monthly run is idempotent, writes to an append-only ledger and posts journals to Xero, QuickBooks, NetSuite or Cohiva Crunch. Money is a fixed-precision decimal rounded half up, and depreciation never reduces book value below residual.
Around that, you get a full CMMS: work orders on a server-enforced state machine, preventive maintenance on time or meter intervals, inspections that raise work orders on a failed item, parts with reorder points, and a contractor-compliance gate that is a hard 422 with no override. Cohiva Control is database per tenant.
Honesty matters here: for the deepest, most specialised tax-depreciation scenarios, a finance-first tool like AssetAccountant may go further. Cohiva Control’s advantage is integration, not out-specialising a dedicated asset-accounting product.
Choose Cohiva Control if
- You want maintenance and a fixed-asset register in one system, with one asset record across both.
- You want monthly depreciation journals posted to your ledger from the same system that maintains the asset.
- You also need work orders, preventive maintenance, inspections and a contractor gate.
- You are an AU or NZ operator using AASB 16.
Choose AssetAccountant if
- You need a dedicated, finance-first fixed-asset and lease accounting tool with deep tax depth.
- Maintenance is handled elsewhere or is not part of the requirement.
Part of the Cohiva platform
Cohiva Control is part of the Cohiva platform. Leisure operators often run it with Cohiva Complex, and finance teams connect it to Cohiva Crunch for the general ledger and consolidation. Explore the platform at www.cohiva.app.