Category Archives: Fixed Asset Management News

In House vs. Third-Party Fixed Asset Audits

Many companies or organizations audit their fixed assets every year to optimize resources, detect inefficiencies, and to achieve many other objectives. Some organizations use their team of in house auditors to audit their fixed assets while others hire third-party auditors to do the job. Every organization will choose the option that works best for them.   …
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The Dos and Don’ts of Fixed Asset Accounting

Understanding fixed asset accounting is an essential part of managing and maintaining a correct ledger account. Therefore, this aspect of financial accounting is vital for any entrepreneur, CFO, or controller. To start with, fixed asset accounting entails recording and valuating assets periodically to ensure every variable is accounted for in the income and balance sheet…
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4 Ways Properly Tracking Fixed Assets Can Save You Money

While many companies put a lot of focus on saving money on the initial purchase of fixed assets, properly tracking fixed assets can save you a substantial amount of money over time. During the lifecycle of the assets, there are plenty of steps that can be taken to ensure that you’re finding every opportunity to…
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