Why is fixed asset depreciation important for small business? Fixed asset depreciation plays a crucial role in fiscal management for businesses of all sizes. It

Accounting software and asset management automation The automation of accounting processes and software entails utilizing software solutions to streamline finance and accounting tasks. In recent

What is fixed asset depreciation? Fixed asset depreciation is a universally accepted accounting technique utilized to incrementally transfer the cost of fixed assets from balance

Now available in the Microsoft Azure Marketplace MEDIA RELEASE Microsoft Azure customers around the world can now access AssetAccountant to leverage the scalability, reliability, and

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

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

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

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

Many businesses choose to use some sort of financial arrangements for purchasing their assets. There are numerous methods to structure these, including hire purchase or

Lease accounting can be an exceedingly burdensome undertaking, especially when it pertains to journal entries, financial reports, and bank reconciliations. And when leased assets are

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