FMIS fixed asset reporting software helps finance teams explain balances, reconcile movements and investigate general ledger postings.
Use named reports, transaction history and the Audit Log to prepare supporting evidence for period-end review and audit.
Updated by: John de Robeck • Updated: October 15, 2026
Choose the output that answers your question, from a period-end summary to the detail behind a particular asset or posting.
Use asset register, depreciation and reconciliation reports to review costs, charges and book values, with summary and detailed views.
Review the asset values behind posting totals. Group and summarise G/L Posting Reconciliation information using the version 12.47 options.
Use transaction reports for financial asset events and the Audit Log for changes to main asset and user data. Each has a different scope.
FMIS provides named reports for reviewing balances, financial movements and postings. Agree the companies, books, periods and analysis selections required for your reporting.
| Finance task | FMIS output |
|---|---|
| Review the asset register | Asset register reports show costs, depreciation and book values, with summary or detailed views and analysis-code selections. |
| Review depreciation charges | Depreciation reports help finance teams review charges and resulting values for the selected reporting context. |
| Explain opening and closing balances | The Summary Reconciliation Report explains movements between opening and closing cost and depreciation balances. |
| Investigate further financial movements | The Detailed Reconciliation Report provides further movement detail, including relevant revaluations and life changes. |
| Investigate a journal total | G/L Posting Reconciliation provides the asset-level values behind summarised postings. |
| Review financial asset events | Transaction reports show events such as transfers, disposals and adjustments. |
For IFRS reporting, the IFRS Foundation’s IAS 16 Property, Plant and Equipment overview explains the accounting basis for these assets, including depreciation and impairment. Your finance team determines the accounting policies and reporting requirements; FMIS provides the records, calculations and outputs used in that process.
In version 12.47, the G/L Posting Reconciliation Report can group postings by up to three selected analysis profiles. Its Summary option combines values by those profiles, G/L rule and posting number, while detailed output remains available for reviewing individual asset values.
Read about the version 12.47 reporting changes.
Main reports can be run for company groups, with combined asset totals or separate company presentation, subject to user access. Use analysis-code selections to organise the information around your reporting structure.
PDF and Excel options are available for supported reports. General ledger postings can be exported to Excel or CSV. Confirm the required report and format during scoping.
Choose the relevant company or company group, book, period and asset selections. Keep that context consistent when comparing reports and preparing working papers.
Use reconciliation reports to explain the opening position, additions, disposals, depreciation and other applicable movements. Identify the items that need further investigation.
Review the relevant transaction information and asset values. For example, investigate an adjustment, disposal or change in useful life that contributes to a movement in the reported balance.
Use G/L Posting Reconciliation to investigate the asset values behind the journals. Generate the agreed posting output and reconcile the transferred values with the finance system, investigating missing, duplicate or manual ledger entries.
The posting report explains FMIS-generated values. Your team checks what was received and recorded in the general ledger.
Doncasters needed to bring together fixed asset information held in multiple spreadsheets across an international manufacturing group, with different companies, currencies and general ledger systems.
The published case study describes FMIS supporting its multi-site, multi-company and multi-book requirements, bringing records together and improving reporting and access to asset information.
Implementation starts with the reports your team needs and the opening position to be brought into FMIS.
Provide representative reports and an example reconciliation or audit query. Agree:
Import test records, compare balances and depreciation calculations, and investigate differences before go-live. Agree which historical data will be converted; opening balances alone do not recreate a full pre-migration transaction history.
Configure the required reports, review a representative period and train the people who maintain records, investigate movements and prepare postings.
FMIS generates configurable general ledger postings, with Excel or CSV output available. A direct interface depends on the destination system and agreed scope. Confirm the transfer method, account mapping and reconciliation responsibilities.
A current reconciliation report, posting file or audit query will help us prepare a relevant demonstration. Timing depends on data preparation, configuration, testing and your team’s availability.
Choose the deployment approach alongside your reporting, access and IT requirements.
The UK-hosted service uses UK data centres. Agree access arrangements, service responsibilities and any data residency requirements during scoping.
Install FMIS within your own infrastructure where internal hosting is required. Your IT team and FMIS agree the technical requirements and support responsibilities.
FMIS holds ISO 27001, ISO 9001 and Cyber Essentials Plus certifications. The Trust Centre provides information to support your IT and procurement review.
