Fixed Asset Accounting Services
Improve your fixed asset tracking and accounting by our services. We have skilled and experienced Fixed Asset Accountants at very economical rates. Our Fixed Asset Accountants are well versed with different depreciation methods used in USA and Canada include Straight Line Depreciation, Declining Balance method, Sum-of-the-Years- Digit method and The Units-Of-Output method. The accountants are also familiar with accelerated depreciation methods such as Double Declining Balance (DDB) method and Modified Accelerated Cost Recovery System (MACRS) method. They have high expertise in QuickBook Enterprise (Fixed asset module), BMI, Microsoft Dynamics, Yardi (Genesis and Voyager), AppFolio, OneSite, MRI and Spectra. We have worked with 300+ businesses (including 100+ Real Estate firms) across US, Canada, UK, Middle East, and Singapore among others.
30-40% cost savings compared to in-house hired staff
Staff with at-least six year of accounting experience
Served 300+ Small and Mid Size Businesses in North America
Our Services
Fixed Asset Accounting
The key services provided by the fixed asset accountant are:
- Updated fixed asset register with new asset additions, dispositions and write-offs
- Reconcile fixed asset and other associated sub-ledgers to general ledger
- Calculation of depreciation based on different depreciation rates and methods
- Preparation of journal entries such as – expensing of fixed assets, depreciation entries, asset purchase/sale and write-off of old or fully depreciated assets
- Monthly variance analysis of actual capital expenditures against budget
- Reviews fixed asset invoices to assess expensing vs capitalization
- Coordinates with site manager and regional property manager regarding any deviations from the capital expenditure policy
- Handle miscellaneous accounting projects related to balance sheet accounts, general ledger clean-up and distribution accounts
- Derive capital expenditure projections based on historic asset depreciation and new capital improvement plans
Accounting for sale/disposal of assets
Interested In Knowing More
Software Expertise
Pricing
Our indicative standard charges for fixed asset accounting are listed below. Custom packages of 25, 50 and 80 hours per month are available.
Our Blog
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