Economic uncertainty and asset depreciation are closely connected. When markets become unstable, asset values can fall faster than expected. That ...

Understanding how companies treat their costs over time isn’t always easy. Many people mix up amortization vs depreciation, and that’s ...

Fixed assets in Australian manufacturing Fixed assets represent physical, long-term resources for the functioning of manufacturing businesses in Australia. Typical ...

Depreciation is a routine part of accounting for long-term assets, yet many finance teams still ask a simple question: where ...

What is fixed asset reconciliation? Fixed asset reconciliation is an essential accounting procedure. It ensures the accuracy and consistency of ...

What is a depreciation expense? Depreciation expense is the systematic allocation of a fixed asset’s cost over its useful life. ...

What is fixed asset depreciation? Fixed asset depreciation is an accounting method that distributes the cost of tangible, long-term assets ...

Managing fixed assets in the energy sector is not just an accounting exercise. It is an operational challenge. Energy and ...

What is depreciation in real estate? Fixed asset depreciation is essential for real estate companies. It ensures accurate representation of ...

Fixed asset depreciation in hospitality becomes difficult long before most finance teams expect it to. What starts as a manageable ...

Healthcare accounting software Specialized accounting software plays a critical role in healthcare organizations. In particular, AssetAccountant helps with depreciation and ...

Manufacturing accounting software Specialized software for depreciation and lease accounting is essential for manufacturing firms. It enables accurate tracking and ...

Fixed asset depreciation and its importance in accounting Fixed asset depreciation distributes the cost of a tangible long-term asset across ...

What is fixed asset depreciation in accounting? Fixed asset depreciation distributes the cost of a tangible asset across its useful ...

Keeping on top of lease accounting disclosures is more important than ever. Recent changes to International Accounting Standards (IAS) now ...

Businesses, regardless of their size, need to prioritize fixed asset depreciation in order to maximize tax benefits. Depreciation allows companies ...

Fixed asset depreciation Depreciation of fixed assets is an essential accounting principle. It applies to both tax considerations and compliance ...

What is lease accounting and why is it now even more important? Lease accounting has become increasingly important for businesses ...

Why is fixed asset depreciation important for small business? Fixed asset depreciation plays a crucial role in fiscal management for ...

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

What is fixed asset depreciation? Fixed asset depreciation is a standard accounting technique. It gradually transfers the cost of fixed ...

Now available in the Microsoft Azure Marketplace MEDIA RELEASE Microsoft Azure customers around the world can now access AssetAccountant to ...

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

The IRS has developed a detailed system for calculating depreciation. Understanding how each step works helps you find the right ...

ASC 840 (replaced by ASC 842) ASC 840 refers to the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) ...

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

Many businesses choose to use some sort of financial arrangements for purchasing their assets. There are numerous methods to structure ...

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

Fixed asset software is a crucial tool for businesses of all sizes. It helps companies manage and track their physical ...

The recent introduction of new leasing standards such as ASC 842 and IFRS 16 has significantly impacted private companies, requiring ...

Section 179 depreciation and bonus depreciation: Tax incentives that can benefit your business Tax regulations are subject to frequent revisions ...

Why are Profit Centres Used in Financial Reporting? Businesses of all sizes have various reasons for wanting to separate different ...

What is accumulated depreciation? Accumulated depreciation is a fundamental principle in accounting, especially in the areas of asset control and ...

Accounting Depreciation Vs Tax Depreciation for Assets Many accountants prefer to maintain a single fixed asset register for their clients’ ...

In accounting, what is the definition of current assets? Current assets are company assets that we expect to convert into ...

Here are some examples of which asset cannot be depreciated: Considering that a definition of fixed assets is: An asset ...

Making fundamental changes to fixed assets in your register In the above video, we’re going to look at all the ...

Many AssetAccountant users depreciate some or all of their assets by using a “pool” as the ATO permits. What is ...

The due date for federal income tax returns for businesses in the United States depends on the type of business ...

Setting up asset groups and GL mapping How to add asset groups and how to set them up. This is ...

Account structure for both businesses/corporations and accounting firms in AssetAccountant The account structure and AssetAccountant. There are two types of ...

User roles and permissions for using AssetAccountant User roles in AssetAccountant can be administered and managed using both the organization ...

Fixed asset lease accounting software: Overview In this video, I will show you the basic functionality AssetAccountant has for managing ...

Fixed asset depreciation software: Introduction When you create a free trial account with AssetAccountant, you’ll be offered the opportunity to ...

Managing fixed assets and calculating depreciation Sounds pretty straightforward, right? You buy an asset and write it off over its ...

Getting Set Up In AssetAccountant Creating a free trial account with AssetAccountant is easy. You can either click on the ...

Managing revaluations and impairments of fixed assets One of the areas of complexity that our users come to us with ...

One-click journal postingTracking category supportDraft assets pull-through AssetAccountant works with businesses that have outgrown the native depreciation features of their ...

Tax Depreciation Incentives and Instant Asset Write-Off (IAWO) Tax Nuggets Academy has done it again. Joyce in her distinctive style ...

Who is ISO? ISO stands for International Organisation for Standardisation. It a non-governmental organisation formed by a network of standards ...

AssetAccountant is sophisticated fixed asset software that handles all your fixed asset depreciation and leasing needs. Australia and the Australian ...

Income Tax Assessment Act 1997 – Division 43 (Deductions for capital works) Division 43 (Div43) allows deductions for buildings and ...

The Example: Jacki Chiles is a sole proprietor manufacturing furniture and trading as Pendant Furniture. His annual turnover is $1.4m ...

Fixed Assets Accounting When we refer to fixed assets, we are referring to longer-term assets. These are assets that will ...

Managing Fixed Assets Effectively Managing fixed assets for tax and accounting purposes can be a challenging task. It necessitates the ...