Companies can rely on Puzzle to dynamically manage their depreciation schedules directly on the Puzzle site. They will no longer have to maintain external depreciation schedules or book manual journal entries for depreciation expenses.
Here's what to expect:
TLDR:
| Feature | What it does | Benefit |
|---|---|---|
| Place Fixed Assets in Service | Records assets to the balance sheet from a specified in-service date | Accurate asset tracking from day one |
| Potential Fixed Asset Detection | Auto-flags transactions (e.g., electronics or furniture above $2,500) as potential fixed assets | No missed capitalizations |
| Managed Depreciation Schedules | Generates and maintains a depreciation schedule for every in-service asset | Eliminates manual spreadsheet tracking |
| Ongoing Automated Accruals | Books monthly depreciation expense to P&L and Accumulated Depreciation to the balance sheet automatically | One less step in the month-end close |
| Split Transactions into Fixed Assets | Partially allocates a single transaction across fixed asset and expense categories | Accurate classification for mixed purchases |
| Enhanced User Experience | Shows next scheduled depreciation expense; expanded side drawer with more asset detail | Better visibility into upcoming accruals |
Two regulatory developments make automated depreciation tracking more important than ever this year. First, the 2026 Section 179 deduction limit rose to $2,560,000, and 100% bonus depreciation was fully restored under the One Big Beautiful Bill Act. That means companies placing qualifying assets in service before December 31, 2026 may face an important tax election: whether to expense the full cost immediately under Section 179 or bonus depreciation, or to put the asset on the books and depreciate over its useful life. The right choice depends on your specific situation, so consult your accountant or tax advisor before making that call. Either way, getting the in-service date wrong can be a costly mistake. Puzzle's automated depreciation schedules and in-service date tracking give you the visibility to make that decision deliberately, not by accident.
The December 31, 2026 year-end is the next hard deadline. Any equipment, software, or qualifying property your company places in service by that date is eligible for an immediate full deduction. Miss the date and the asset rolls into 2027 with a new depreciation schedule.
That creates a specific problem for founders buying assets in Q4: the difference between an in-service date of December 30 and January 2 can be a five- or six-figure tax deduction, depending on the purchase. Getting that date right in your books is now a real accounting precision issue, not a mere formality. Puzzle's automated in-service date tracking and depreciation schedules give you an accurate, time-stamped record so you and your accountant can make that call on the right numbers. See our month-end close guide for how to keep your books clean heading into year-end.
When Puzzle identifies a transaction that appears to be a fixed asset, it will add it as a "Pending Fixed Asset" on the Fixed Asset page. Users will be prompted to go to that page, where they can either input details and confirm the fixed asset; or indicate that the transaction is not actually a fixed asset.
Users can also manually add fixed assets on their own through the "Add" button on the fixed assets page.
Modern accounting software uses rules-based detection combined with machine learning signals to flag transactions that should be recorded as assets instead of expensed. Puzzle applies that same logic to fixed asset identification: when a transaction hits your bank feed, Puzzle checks the vendor category, transaction amount, and account type against configurable thresholds, for example, electronics or furniture purchases above $2,500, and surfaces them as "Pending Fixed Assets" for your review. You confirm or dismiss each suggestion; nothing is recorded to the balance sheet without your approval. Once confirmed, Puzzle automatically creates the balance sheet entry, generates a depreciation schedule, and begins booking monthly accruals to your P&L, with no manual journal entries required. The underlying categorization rules follow IRS property guidelines, so the suggestions are grounded in the same standards your accountant uses.
Yes. CoWork, Puzzle's AI chat, can assist with the specific tasks described in this release. You can ask it to split a transaction across fixed asset and expense categories, flag a purchase for capitalization review, or surface your current depreciation schedule. For identifying fixed assets, Puzzle's rules-based detection does the heavy lifting automatically: CoWork lets you interact with those results conversationally, so you can confirm, adjust, or question any suggestion without leaving the platform. It can also pull up a quick P&L view reflecting current depreciation accruals if you want a real-time read on where you stand. Learn more about what Puzzle's AI suite can do across your books.
Puzzle's AI runs continuously in the background across three core workflows: transaction categorization, reconciliation, and depreciation accruals. For categorization, the AI checks each incoming transaction against vendor category, amount, and your prior approval patterns, then applies a category automatically when confidence is high and flags it for your review when it isn't. Rules build over time as you approve transactions, so accuracy improves the longer you use the platform. For reconciliation, Puzzle matches bank transactions to your ledger on a daily basis for supported integrations (Mercury and Ramp natively; other banks via CSV). For fixed assets, Puzzle detects potential capitalizations, generates depreciation schedules, and books monthly accruals to your P&L and balance sheet without manual entries. For a deeper look at how AI handles the close, see AI agent workflows for month-end close. CoWork, Puzzle's AI chat, sits on top of these workflows: you can ask it to split a transaction, surface your current depreciation schedule, or pull a real-time P&L view in plain language. You confirm before anything posts.
Puzzle uses a combination of rules-based detection and machine learning to categorize transactions as they arrive from bank feeds. When a transaction hits your account, Puzzle checks the vendor name, amount, account type, and any prior categorization patterns to assign the most likely category. When confidence is high, the category is applied automatically. When it is not, the transaction is flagged for human review instead of being guessed.
Puzzle applies this same logic at the fixed asset level: transactions above configurable thresholds in categories like electronics or furniture are surfaced as "Pending Fixed Assets" before anything is recorded to the balance sheet. Nothing posts without your approval. Once you confirm, Puzzle creates the balance sheet entry, generates a depreciation schedule, and begins booking monthly accruals to your P&L (all without manual journal entries). The underlying rules follow IRS property guidelines, keeping suggestions grounded in the same standards your accountant uses.
Yes, with some caveats worth knowing upfront. Puzzle offers a headless API (read and write) for developers who want to embed Puzzle's accounting engine into their own tools or workflows. It is currently waitlist-only and not broadly available. Puzzle also supports Model Context Protocol (MCP) in read-only mode, which lets AI agents and compatible tools query your financial data directly. Write access via MCP is not yet available, and MCP connections require re-authentication every five days. API access (waitlist) is included on the Scale plan ($360/month). If you're building automated workflows and want to get on the API waitlist, book a demo to talk through your use case.
Feedback? Additional questions? Feature Requests? Email Eitan directly.
