Fixed assets are an accounting item. It is a term for the things that are invested in to run a business. It can be anything from a car to office furniture or a patent. In order for an asset to…

Fixed assets are an accounting item. It is a term for the things that are invested in to run a business. It can be anything from a car to office furniture or a patent. In order for an asset to…
Assets are mandatory things that must be taken into account, both by individuals and by companies. Why is that? Because assets are a measure of the level of wealth owned by a person or an institution. Then, what if the…
Fixed asset management is a practice of continuously managing all of the company’s assets, whether tangible or intangible. More and more often, this management of fixed assets also involves monitoring accounting depreciation over time. In an increasingly complex national and…
A fixed asset is an asset generating a lasting economic benefit for the company. The fixed assets appear in the company’s balance sheet. Each asset represents a heritage value, which can, however, be isolated from the activity. As a result,…
.The process of physical inventory is to count the inventory one by one to record the available inventory. Correct goods management can help avoid shortages or excess goods (often referred to as overstock). Since this is a manual process, it…
Fixed asset accounting pose a lot of challenge to many businesses. Not to mention the conundrums in the decision making. The decisions like which depreciation method to apply or the estimated salvage value of an asset can have a significant…
Everything your business owns and/or has control over is called assets. Those of the assets where you expect a useful life and/or useful life of more than one year are called not just assets, but fixed assets. Fixed assets are…