Capitova

What Capitova is

Capitova automates fixed-asset depreciation and sends balanced journal entries from asset systems to accounting ledgers. It is aimed at asset-heavy enterprises such as banking, government, mining, energy, healthcare, and universities. Supported calculations include straight-line, 200% and 150% declining balance, units of production, sum-of-years-digits, and custom formulas. The engine covers AASB 116 depreciation, AASB 112 deferred tax, AASB 16 leases, and ATO Division 40 and 43 tax depreciation. Inputs can arrive through CSV, Excel, XML, JSON, SQL databases, SFTP, and REST APIs, with SAP PM, IBM Maximo, and ServiceNow named as source integrations. Ledger targets include Xero, QuickBooks, SAP, Oracle Fusion, NetSuite, Oracle EBS, and MYOB/Sage GL. Deployment options are an on-premise web app for Windows Server or Linux, Docker, or an enterprise CLI. Capitova says there is no telemetry or phone-home and that data remains on customer infrastructure. Calculations, journals, and approvals use an INSERT-only audit table with a seven-year trail. Pricing is on request; a 90-day Design Partner pilot costs 25.00 AUD once.

Who it suits

It suits asset-heavy organizations needing localized depreciation, tax, lease, reconciliation, and ERP posting workflows. On-premise, Docker, and CLI options may fit teams requiring customer-controlled infrastructure.

Limits

The Design Partner plan covers one entity or asset class during a 90-day paid pilot. Single Entity covers one entity, while Multinational adds multi-book support, 16 jurisdictions, currency consolidation, and country-specific fiscal calendars.

Getting started

1. Visit https://capitova.com.au/
2. Request pricing or arrange the live demo without login
3. Choose the Design Partner pilot or an applicable licence plan
4. Select on-premise Windows Server, Linux, Docker, or enterprise CLI deployment
5. Connect asset sources and accounting ledgers through supported inputs and integrations
6. Complete implementation with Capitova support

Verdict

Capitova focuses on controlled fixed-asset accounting with broad inputs, ERP targets, and on-premise deployment. Its implementation timelines and request-based pricing should be considered alongside the audit and approval controls.