Loading ...
Resources for Sound Business Decisions.™

The Fixed Asset Accountant

A fixed asset is property with a useful life greater than one year that is used in the operations of a business to generate income. Examples include buildings, equipment, furniture and vehicles. In smaller organizations, fixed asset accounting may be one of many accounting tasks performed by the same individual. Larger businesses may have one […]

read more

Salvage Value for Fixed Asset Financial Reporting

Salvage Value is a key component in accurately calculating the deprecation of fixed assets for financial reporting purposes, but is generally not a factor for tax depreciation under MACRS. In essence, Salvage Value is the anticipated value of a depreciable asset when it reaches the end of its Useful Life. The Cost of an Asset […]

read more

Safeguarding Fixed Asset Data

The increasing digitization of data and information can streamline business processes and improve productivity. Data is now easier to store, retrieve, analyze and transfer. However, these benefits also present risks that need to be managed. Fixed Asset Pro™ stores each company database in a single file that can be stored in any local or network […]

read more