By effectively managing fixed assets through proper accounting practices, organizations can ensure that their assets are being used efficiently and that they are maximizing their return on investment.
Our Fixed asset management service is the process of tracking and managing an organization's fixed assets, which are assets that are used in the production of goods or services and have a useful life of more than one year. Examples of fixed assets include buildings, machinery, equipment, and vehicles.
1
Maintaining Accurate and Up-to-date Records of all Fixed Assets
2
Calculating & Recording Depreciation
3
Tracking the Assets
4
Budgeting CAPEX
5
Identification & Classification of Fixed Asset Related to Projects
6
Ensuring Compliance with Regulatory Requirements & Accounting Standards
7
Tracking Repairs & Maintenance
8
Maintaining the Insurance Schedule
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