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Fixed Assets Management
  Cleveland, OH Services      Home  Fixed Assets Management

Fixed or capital assets refer to property, plant and equipment (buildings, land, computers, software) that require a significant cash outlay to purchase and have a useful life longer than one year.

Most small businesses have, or are planning on acquiring fixed assets that are needed to perform the day to day business operations and production. Fixed assets in general have a useful life longer than one year and the cash outlay to purchase them is significant. Depending on the size of your business, the capitalization limit could range from a minimum cash outlay of $1,000 to $100,000 per purchase. The purchase of a building, land, machine, computers, furniture, equipment, software, etc. are considered fixed assets.

We can help your business determine the appropriate amount that needs to be capitalized and the proper depreciation methods to be used as well as keeping track of fixed assets and the recording of the depreciation and/or amortization.

We’ll take the time to learn about your business then develop a customized plan
to meet your company’s bookkeeping, accounting, financial analysis and
financial systems needs.

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