An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

If your business has fixed assets, generally accepted accounting principles, or GAAP, can serve as a guide to properly account for these long-term tangible assets on your accounting records. Specific ...

Fixed assets, also known as property, plant and equipment, are usually expensive items that last long term, such as real estate, heavy equipment and furniture. Accountants in charge of this area of a ...

Fixed assets are items that are for long-term use, generallyfive years or more. They are not bought and sold in the normalcourse of business operation. Fixed assets include vehicles, land,buildings, ...

When an invoice is entered into accounts payable you may desire the ability to automatically update your fixed asset accounting at the same time. One caveat to this procedure: Your accounts payable ...

If you operate a factory, you rely on machinery to produce salable goods. If you’re a freight company, your fleet of trucks is the key to making money. Every business has fixed assets that are ...

Relatively few companies are using dedicated fixed assets accounting software, according to a new survey, and are instead relying on homegrown spreadsheets and databases. The survey, by Bloomberg BNA, ...

Fixed assets and depreciable assets are two very closely, interrelated items on a company's balance sheet. Let's define each and describe how they are the same and subtly different. A fixed asset is ...

John Parker is a business writer with 20+ years of experience as a business executive specializing in accounting and finance. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. From nimble startups to established, multigenerational enterprises, I’ve had the privilege ...

In the program "1C:Accounting 8" since version 3.0.131.34, the ability to take into account accumulated impairment in a one-time adjustment of the cost of fixed assets when switching to FSB 6/2020 ...