PSAB / PS 3150
Tangible capital asset software for Canadian public bodies
Keep the cost, amortization, and net book value behind your PS 3150 reporting on the same platform that runs your condition assessments and capital plan. One asset record for finance and public works. 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.
Book value figures, kept current
Historical cost, accumulated amortization, and net book value for every asset, kept current as assets age and capital work is recorded. Export them as the starting point for your continuity schedule, and project Net PP&E forward to see the trajectory of the portfolio's book value, not just this year's number.
- Cost, accumulated amortization, and net book value per asset
- Betterments amortized as their own layer, from their own date
- Gross cost and net book value side by side
- Net PP&E projected across the planning horizon
Built for TCA accounting
AssetLab keeps the asset register and amortization figures your continuity schedule is built from. Your general ledger stays the book of record, and your auditor still signs the statements.
Tangible Capital Asset Register
Every asset carries its historical cost, in-service date, useful life, residual value, asset type and system class, on the same record maintenance and planning use.
Amortization Tracking
Straight-line amortization calculated from in-service date, useful life and residual value. Accumulated amortization and net book value stay current as assets age.
Depreciation Report
Cost, accumulated amortization, net book value and percent depreciated for every asset, filtered the way you need and exported to Excel or CSV as the working paper behind your continuity schedule.
Capital Work From Projects
When a renewal project closes, record its cost as a betterment on each asset it renewed, pre-filled from the project’s actual spend. The betterment amortizes as its own layer from its in-service date.
Your Ledger Stays the Book of Record
Opening and closing balances, disposals, write-downs and gains or losses on sale stay in your general ledger. AssetLab supplies the asset-level cost and amortization figures they reconcile to.
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
Record an asset once. From there, the same record serves your PSAB reporting and the O. Reg. 588/17 asset management plan.
- 01
Capitalize the asset
Record historical cost, in-service date, useful life, and residual value
- 02
Amortize
Straight-line amortization and net book value roll forward automatically
- 03
Record capital work
Betterments from closed projects add their own amortization layer
- 04
Assess condition
Inspections add condition and FCI to the same asset record finance already owns
- 05
Forecast renewal
Useful life and condition drive the 20-year replacement and Net PP&E forecast
- 06
Report both ways
The same records feed your PSAB working papers 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 over the useful lives you set, 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
Keep the asset register your engineers maintain and the cost and amortization figures 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.
Frequently Asked Questions
Common questions about PSAB / PS 3150, tangible capital asset registers, amortization, and how AssetLab fits your reporting cycle.
