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In the dynamic and highly regulated world of aviation maintenance, quoting repair work swiftly and accurately is no longer a competitive edge—it’s a necessity. Delays
Fixed Assets Management for Aviation
From register to depreciation to disposal, one platform connecting assets, maintenance, and finance.
Aircraft, engines, tooling, and GSE represent big capital. Keeping location, condition, usage, value, and documentation in sync is hard when spreadsheets sit apart from maintenance and finance.
Power Aero Suites brings fixed assets into the same system as inventory, work orders, and the general ledger, so records stay accurate and depreciation posts cleanly.
Feature Highlights
Unified register: unique ID, description, serial/PN (where relevant), category/sub-category (aircraft, engines, GSE, tooling, office, leasehold), acquisition date, cost, vendor, warranty, custodian, and location.
Componentized assets: break large assets into significant parts (e.g., airframe, engine, avionics) with their own useful lives and methods consistent with component-level accounting policies when significant parts have different patterns of consumption.
Ops-ready fields: tails/fleets, stations, and program/cost-center dimensions for reporting.
Methods supported: straight-line, declining balance, and units-of-production. Choose the method that reflects how benefits are consumed (e.g., hours/cycles for engines).
Books & calendars: run statutory, tax, and management books where enabled.
Automated runs: schedule depreciation at close; PAS can post to the GL with segments (asset class, cost center) for reporting.
Record impairment adjustments with approvals and supporting documents so assets aren’t carried above recoverable amounts. For organizations applying IFRS revaluation policies, PAS can record revaluation adjustments and maintain history where configured. Capitalize qualifying overhauls/modifications that extend useful life and update future depreciation accordingly.
Link assets to maintenance schedules and compliance intervals; record C-checks, gear overhauls, etc., against the asset.
Component removals/installs update the asset register and inventory in one flow for clean traceability.
On replacement/overhaul, derecognize the replaced component and capitalize the new one—aligned to component-level accounting policies.
Disposal records gain/loss based on net book value and proceeds.
Leased assets: store key lease terms and supporting documents. PAS can help organize the data needed for right-of-use (ROU) accounting where configured; work with your accounting advisors to produce ROU schedules and journal entries.
- Asset Listing: acquisition cost, accumulated depreciation, NBV, location, status.
- Depreciation Schedule: projected expense by period/asset class/cost center.
- Additions & Disposals: period activity, proceeds, gains/losses.
- Insurance & Replacement: insured vs. book values; replacement planning.
- Traceability: every addition, transfer, adjustment, and disposal is logged with who/when/why for audit support.
Depreciation entries can post automatically to the GL and reduce asset balances; multi-book setups are supported where enabled for differing tax treatments and reconciliations. Because fixed assets and GL share a common data model, updates flow without re-keying and you can drill from financials to the underlying asset event.
Inventory your assets (cost, date, serials, location); define categories and methods that align with policy and local GAAP/IFRS.
Establish approvals for additions, adjustments, and disposals; reconcile accumulated depreciation to the GL regularly.
Connect to maintenance so component swaps/overhauls update both depreciation and inventory.
PAS supports your process; it doesn’t set useful lives, interpret standards, or guarantee compliance—work with your accounting advisors.
From overhaul to depreciation to disposal, one platform, one audit trail.
Single Source, Single License, No Third Party Apps Required, Operate from Anywhere
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Find Your Solution
Do you support units-of-production depreciation?
Yes—configure UoP where usage drives consumption (e.g., hours/cycles), alongside straight-line and declining-balance options.
Can we componentize aircraft and engines?
Yes—set up significant components with distinct lives/methods; replacements derecognize the old component and capitalize the new one, consistent with component-level accounting policies.
How do impairments work?
Record an impairment with approvals and documentation when indicators exist so assets aren’t carried above recoverable amount.
Do you produce ROU schedules?
PAS stores lease terms and supports exports to help your accounting process produce ROU schedules, where configured. Consult your accounting advisors for GAAP/IFRS entries.