Companies in virtually every industry have fixed asset holdings of some capacity, although some sectors require a greater number of fixed assets than others. The property, plant and equipment owned by a commercial dining establishment is comprised of a diverse and voluminous range of items, including kitchen appliances and furniture. Restaurants without a comprehensive inventory [...]

The term “fixed asset” suggests that the items in question are immovable or permanent, but neither of these assertions are quite true. It would definitely be difficult to move some fixed assets – property, for example – but others can easily be transferred from place to place, such as small-scale technological equipment. Some even move [...]

The depreciation to fixed assets ratio offers companies a look at how quickly they are replacing their capital holdings – specifically, how fast items are being written off in accordance with asset depreciation schedules. The ratio can be calculated using a simple formula. Take the depreciation figure in your company’s profit and loss statement and [...]

For many companies, the main purpose of implementing accurate and up-to-date fixed asset accounting measures is to get a comprehensive picture of their balance sheet for internal purposes. When it comes to mergers and acquisitions, however, having the necessary fixed asset management controls in place takes on a whole new importance. Inaccurate or out-of-date fixed [...]

All businesses need to keep a fixed asset register that will serve as a centralized receptacle for information about their entire asset holdings, broken down into purchase price, acquisition date, location and description. By using fixed asset software, companies can store all this information in one place, rather than having to deal with multiple spreadsheets [...]