ASC 840 (replaced by ASC 842) ASC 840 refers to the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 840, and provided guidelines

Now available in the Microsoft Azure Marketplace MEDIA RELEASE Microsoft Azure customers worldwide now gain access to AssetAccountant to take advantage of the scalability, reliability,

For any business that owns physical assets, maintaining a fixed asset register is an essential task. A fixed asset register is a document or system

This is an article written in January, 2023 by Mike Roberts – Our Head of Strategy and Business Development Lease accounting is a catch all

The Internal Revenue Service (IRS) has developed a complex structure for calculating depreciation. It’s important to understand how each step works so that you can

Many businesses choose to use some sort of financial arrangements for purchasing their assets. There are many ways that these can be structured such as

Lease accounting can be an incredibly onerous task, particularly where it comes to journals, reports and bank reconciliations. And when leased assets are also refinanced,

Fixed asset software is a crucial tool for businesses of all sizes. It helps companies manage and track their physical assets, such as equipment, buildings,

The recent introduction of new leasing standards such as ASC 842 and IFRS 16 has significantly impacted private companies, requiring them to change their approach

Section 179 depreciation and bonus depreciation: Tax incentives that can benefit your business Tax rules and regulations are constantly revised and updated as policymakers adapt

Why are Profit Centres Used in Financial Reporting? Businesses of all sizes have various reasons for wanting to separate different sources of profit and/or cost.

Accounting Depreciation Vs Tax Depreciation for Assets Many accountants prefer to maintain a single fixed asset register for their clients’ businesses. And, since tax depreciation