Fixed assets on autopilot: capitalize from the invoice
Fixed asset tools wait for someone to add assets. Slingstone spots them as bills arrive.
2 min read · Slingstone
Assets start as bills
Almost every fixed asset starts as an invoice. In legacy tools, someone has to notice it, decide to capitalize it and add it to a separate register.
Flagged at intake
As bills flow through AP Automation, AI flags likely capital purchases and prepaid expenses against your capitalization policy, so they can be registered with a click.
Depreciation that runs itself
Once registered, depreciation and amortization schedules post every month, ready for close.
Legacy tools vs. Slingstone
| Legacy tools | Slingstone |
|---|---|
| Assets added manually | Capital purchases flagged from incoming bills |
| Separate system from AP | Connected to AP Automation |
| Monthly entries by hand | Depreciation and amortization posted automatically |