Tangible Capital Asset Software for Canadian Public Bodies
Maintain the PS 3150 tangible capital asset register behind your audited financial statements - cost, amortization, and net book value - on the same platform that runs your condition assessments and capital plan. One register. Two reports. No reconciling spreadsheets.
Finance and Public Works Keep Two Different Lists
The accountant tracks cost and amortization in a spreadsheet for the PSAB statements. The engineer tracks condition and replacement in another for the asset management plan. They describe the same assets - and they never agree. Every audit and every AMP starts by reconciling them by hand.
Two Disconnected Registers
Finance keeps a TCA register in a spreadsheet for the audited statements. Public works keeps a separate asset list for maintenance. The two never reconcile.
Manual Amortization
Useful lives, in-service dates, and accumulated amortization tracked by hand across hundreds of rows. One formula error ripples through the whole continuity schedule.
Painful Audits
Every year-end the auditor asks for additions, disposals, and supporting documentation. Rebuilding that trail from emails and invoices burns weeks of staff time.
The continuity schedule writes itself
Opening balance, additions, disposals, amortization, closing balance - by asset class, on both gross cost and net book value. AssetLab keeps those figures current as assets are capitalized, amortized, and retired, and projects Net PP&E forward so you can see the trajectory of the portfolio's book value, not just this year's number.
- Opening and closing balances by PS 3150 asset class
- Additions, disposals, and amortization tracked to source
- Gross cost and net book value side by side
- Net PP&E projected across the planning horizon
Built for TCA Accounting
Tangible Capital Asset Register
A single source of truth for every capitalized asset: acquisition cost, in-service date, useful life, residual value, funding source, and asset class - aligned to PS 3150.
Amortization Tracking
Straight-line amortization calculated from in-service date and useful life. Accumulated amortization and net book value roll forward automatically, year over year.
Continuity Schedule Data
Opening balance, additions, disposals, amortization, and closing balance - by asset class, on both a gross cost and net book value basis. Export the data your TCA continuity schedule needs.
Additions From Capital Projects
When a capital project closes, capitalize it as a new asset with its cost, class, and in-service date already populated. No re-keying between project tracking and the register.
Disposals & Write-Offs
Retire, sell, or write off an asset and the gain or loss, removed cost, and removed accumulated amortization flow straight into the year-end continuity figures.
Audit-Ready Trail
Every cost, document, and condition record attached to the asset it belongs to. Hand the auditor a register that ties back to source, not a spreadsheet rebuilt from memory.
From book value to the renewal that follows
The useful life that drives amortization also tells you when an asset is due for replacement. AssetLab uses the same in-service date and expected life to forecast end-of-life and inflation-adjusted replacement cost - so an accounting input becomes a capital-planning output without a second dataset.
- Straight-line amortization from in-service date and useful life
- End-of-life year forecast for every capitalized asset
- Replacement cost projected in future dollars
- Condition can override age when an asset outlives its book life
One Register Feeds Both Sides of the House
Capitalize an asset once. From there, the same record serves the PSAB continuity schedule and the O. Reg. 588/17 asset management plan.
Capitalize the Asset
Record acquisition cost, in-service date, useful life, and PS 3150 asset class
Amortize
Straight-line amortization and net book value roll forward automatically
Track Changes
Additions from closed projects and disposals update balances as they happen
Assess Condition
Inspections add condition and FCI to the same asset record finance already owns
Forecast Renewal
Useful life and condition drive the 20-year replacement and Net PP&E forecast
Report Both Ways
One register feeds the PSAB continuity schedule and the O. Reg. 588/17 AMP
Who Needs TCA Software?
Municipalities
Maintain the TCA register behind your PSAB financial statements and the condition data behind your O. Reg. 588/17 asset management plan - in one system.
School Boards
Track capitalized assets across campuses, amortize on the ministry useful-life tables, and report net book value without parallel spreadsheets.
First Nations
Keep an auditable tangible capital asset register for community infrastructure and meet funding-agreement reporting with condition and cost in one place.
Conservation Authorities
Capitalize dams, channels, and facilities, amortize them correctly, and connect book value to the condition assessments that drive renewal.
Utilities & Commissions
Reconcile the asset register your engineers maintain with the TCA continuity schedule your finance team reports - on a shared platform.
Public Sector Finance
Give finance an asset register that ties amortization and net book value back to source documents, ready for the year-end audit.
Retire the TCA Spreadsheet
Keep cost, amortization, condition, and renewal on one Canadian-hosted register - ready for the auditor and the asset management plan alike.
No credit card required
Frequently Asked Questions
Common questions about PSAB / PS 3150, tangible capital asset registers, amortization, and how AssetLab fits your reporting cycle.
What is PSAB / PS 3150?
PS 3150 is the Public Sector Accounting Board standard that requires Canadian governments to record tangible capital assets (TCA) at historical cost, amortize them over their useful lives, and report them on the statement of financial position. AssetLab maintains the asset-level register - cost, in-service date, useful life, and accumulated amortization - that this reporting is built from.
Does AssetLab produce a tangible capital asset continuity schedule?
AssetLab tracks the data a continuity schedule is built from - opening balance, additions, disposals, amortization, and closing balance, by asset class, on both a gross cost and net book value basis - and lets you export it for your financial statements. It is the asset register and amortization engine behind the schedule, not a replacement for your general ledger.
How is amortization calculated?
AssetLab applies straight-line amortization using each asset’s in-service date, useful life, and residual value. Accumulated amortization and net book value roll forward automatically each year, so the figures behind your PSAB statements stay current without manual spreadsheet updates.
Can the same register serve both finance and public works?
Yes - that is the point. Finance reads cost, amortization, and net book value for PSAB reporting; public works reads condition, FCI, and replacement forecasts for the O. Reg. 588/17 asset management plan. One asset register, two reports, no reconciliation between disconnected spreadsheets.
How does this connect to our asset management plan?
The same assets you capitalize for accounting carry condition assessments, FCI, and a 20-year replacement forecast. That gives you the inventory, valuation, and lifecycle activities O. Reg. 588/17 requires - drawn from the register finance already maintains, rather than a second dataset.
Is our data kept in Canada?
Yes. AssetLab is hosted in Canada with Canadian data residency and PIPEDA-aligned practices - a common procurement requirement for municipalities, school boards, and other public-sector bodies.