Promptu


Promptu is a Fixed Assets Management desktop solution.The uniqueness of Promptu comes from its accomedation to different business needs based on whether they want to stick to the GAAP (Generally Accepted Accounting Principals) method of calculating the depreciation of fixed assets or use the new IFRS (International Finance Reporting Standards) method.

Below are brief descriptions from of each of the three editions of Promptu and their respective use. For more information and a demo of each edition, please click on the product’s link:

The main function of Promptu is to help business accountant to transition successfully and smoothly from the old GAAP (Generally Accepted Accounting Principals) method of calculating the depreciation of fixed assets to the newly introduced IFRS (International Finance Reporting Standards) method where the amortization is calculated based on the amortization of the asset components rather than the entire asset.

 

  • Promptu Manager: Promptu Manager deals with the depreciation of fixed assets on the Asset-Level only, therefore it does not deal with the Component-Level that concerns IFRS reporting requirements. Nevertheless, Promptu Manager is the richest in features when it comes to manipulating the assets. For the list of features and a demo you can check the table below or click here.

  • Promptu IFRS: Promptu IFRS is excellent for businesses who decide to follow the IFRS reporting requirements from day one, therefore the will start adding components and calculating their amortization based on the Component-Level only. For the list of features and a demo you can check the table below or click here.

  • Promptu Ultimate Plus: Ultimate Plus combines the Asset-Level depreciation calculations with the Component-Level and calculates them side by side, therefore businesses can transition smoothly between the two standards and ensure all components and assets are accounted for. For the list of features and a demo you can check the table below or click here.


Features
Permanent License
Online Support
Unlimited Number of Assets
Unlimited Number of Components
Depreciation Calculated at Asset's Level
Depreciation Calculated at Component's Level
IFRS Support
Multiple GAAP Support (IFRS and Local GAAP)
Multiple Depreciation Methods
Multiple Locations Assets Management
Multiple Companies Assets Management
Capital vs. Expense Assets
Asset Barcode Assignment
Asset Transfer
Asset Split and Merge
Additional Asset Information Storage
Reminders
Promptu Manager
$ 500.00 CAD
 
 
 
Promptu IFRS
$ 200.00 CAD
 
 
 
 
 
 
 
 
Promptu Ultimate Plus
$ 350.00 CAD
 
 
 
 
 
 
 

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