Assets capitalized, CCA claimed, half-year rule included
Buy a delivery van and it is not an expense — it is an asset with a CCA class and a schedule. SeroBooks registers assets, records the year's depreciation with the half-year rule applied, and keeps the schedule your accountant re-derives every year from a shoebox.
What you get
A register, not a spreadsheet
Fixed assets live in their own register: what it is, when acquired, cost, accumulated depreciation, book value, CCA class, method, status. The van, the ovens, the racking — carried at what they are currently worth in the books, with disposals included when you ask.
Book depreciation and CCA are kept as the different figures they are, and each opens separately — because your financial statements and your tax return legitimately disagree about depreciation.
CCA the way the CRA means it
The CCA schedule computes by class with the half-year rule applied — the first-year convention every Canadian accountant checks first. Class by class: opening UCC, additions, dispositions, the rate, the claim, closing UCC — the T2's Schedule 8, generated from the register instead of rebuilt annually in Excel.
Depreciation posts to the ledger as journals, so the statements carry it without side calculations.
From purchase to disposal, on the record
Acquire an asset and it enters the register with its class; dispose of it and the proceeds, gain or loss post properly rather than the asset simply vanishing. The register is the story of the business's equipment, told in the books.
Book depreciation runs on schedule; the CCA schedule is there when the T2 asks.
Frequently asked questions
Does this replace my accountant's CCA work?
It replaces the reconstruction. The register and postings are live all year; your accountant reviews and adjusts instead of rebuilding.