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Fixed AssetsSKAMR

Retire the depreciation spreadsheet

IWB calculates depreciation under Turkey's Tax Procedure Law, and Accounting creates the journal entry when you post. The non-deductible share on passenger cars (KKEG) gets its own line on the entry, and assignments are tracked by employee and department.

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Records
SKAMR
Asset types
6
Depreciation methods
Straight-line and declining balance
Connected modules
4

01

Keep vehicle and deed details on the asset

Vehicle and real estate cards have fields of their own: a vehicle card holds the license plate, VIN, and whether it's a passenger car, and a real estate card holds the title deed value plus the land registry block and parcel. For all six asset types, IWB assigns the asset code when you save.

  • Asset, accumulated depreciation, and expense accounts come from the category
  • Foreign-currency cost is saved with its exchange rate and TRY amount
  • Input VAT deducted at acquisition is recorded on the card

02

Review depreciation line by line before it posts

Pick a period and run the calculation: IWB lists depreciation line by line, by asset and by ledger, and flags any cards it couldn't process. Posting takes a separate permission, and only then does Accounting create the journal entry. To undo a posted run, enter a reason and IWB posts a reversing entry.

  • Monthly or annual runs, monthly by default
  • Expense, KKEG, and accumulated depreciation on separate entry lines
  • Each line carries a cost center and project

03

Don't split passenger car depreciation by hand

Each depreciation run shows the KKEG amount car by car. Turkish income tax law caps the deductible depreciation on passenger cars, so IWB applies the annual cap and sets the excess aside as a non-deductible expense. Caps are defined by year in IWB, and the cap for the year the car was placed in service applies.

04

See which asset is with whom

Assign an asset to an employee or a department, along with its location, then reassign it or record its return. The assignment history stays on record, and you can edit the handover record PDF in the document designer. When an employee leaves, any asset still assigned to them shows up as a warning in Human Resources.

Assignment access without cost data

Viewing assignments is a separate permission, and the assignment list has no cost column.

05

Scrapped assets come off the books too

You can't scrap an asset without entering a reason, so the reason for every scrap disposal stays on record. IWB calculates net book value and the loss for each ledger, and once the disposal is posted, the card becomes read-only. For leasehold improvements, IWB derives useful life from the lease end date and defaults to 5 years when there's no end date.

Looking for journal entries, the trial balance, or period-end close?Go to Accounting

06Document flow

Depreciation posts to the ledger as calculated

Each asset card takes its accounts from its category. IWB calculates the period's depreciation, and once a user with posting permission posts the run, Accounting creates the journal entry. A scrapped asset is closed out with its own entry when the disposal is posted.

  1. Asset cardSK-2024-00006
  2. Depreciation runAMR-2026-00009
  3. Journal entryYEV-2026-01085
  4. Scrap disposalSKC-2026-00002

07Capabilities

What you can do with Fixed Assets

  • Declining balance

    Straight-line and declining-balance methods. The declining-balance rate can't exceed twice the straight-line rate or 50%.

  • Daily and pro-rata

    Daily-basis depreciation applies to assets placed in service after October 26, 2021. Pro-rata depreciation is calculated too.

  • Final-year remainder

    Any remaining amount is written off in the final year.

  • VAT guidance on disposal

    Suggests the VAT adjustment for an asset that's lost or scrapped. It doesn't post an entry or block the disposal.

  • Incentive flag

    Flag assets covered by R&D incentives or an investment incentive certificate. They're set apart in listings and don't affect tax calculations.

  • Movement history

    Capitalization, location changes, and status changes are logged as asset movements.

  • Lab instruments

    Link an asset to its lab instrument card, and the calibration due date shows on the asset card.

  • Migration from IWB Classic

    Asset cards, depreciation details, and assignment records carry over.

08Compliance

Depreciate with statutory methods and periods

The rules come from the Tax Procedure Law (Vergi Usul Kanunu, VUK), and passenger car caps are defined by year in IWB.

See how Accounting works
  • VUK 313-321Straight-line and declining balance, annual and daily basis, and pro-rata depreciation.
  • VUK Rep. Art. 315The declining-balance rate is twice the straight-line rate, capped at 50%.
  • VUK 327Leasehold improvements are amortized over the lease term, or over 5 years if the term is open-ended.
  • GVK 40Income Tax Law: the passenger car cap follows the year placed in service, and the excess becomes a non-deductible expense (KKEG).
  • KDVK 30/cVAT Law: a suggested remaining-life share of the input VAT deducted on assets lost or scrapped.
  • IWB includes a representative part of the useful-life list in VUK General Communiqué No. 333, not the complete list.

09Connected modules

They share the same database and permission model

Industries

10

Frequently asked questions

Is the depreciation journal entry created automatically?

Accounting creates it when you post the run. Posting is a separate permission, and before that you review the results line by line, by asset and by ledger.

Does IWB set aside the non-deductible share for passenger cars?

Yes. IWB calculates the deductible ratio from the annual cap and sets the excess aside as a non-deductible expense. The cap that applies is the one for the year the car was placed in service.

Does IWB come with a useful-life list?

Partly. IWB includes a representative part of the list in VUK General Communiqué No. 333, covering commonly used asset classes. It isn't the complete list.

Can I record a sale or a loss?

No. In the web app, scrap is the only disposal you can record. For scrap, IWB calculates net book value and the loss for each ledger, and posting is a separate permission.

Is there real estate or lease management?

The real estate card holds the title deed, block, and parcel details, along with mortgage and appraisal records. There's no separate property or lease management module.