Fixed Assets Accounting
This workflow template illustrates the acquisition, valuation and reporting of fixed (non-liquid) assets across lines of business and business units. Purchase and download this template in PDF, Visio and PowerPoint formats, and customize it to fit your organization, or use it to better understand the Fixed Assets Accounting process.
What is Fixed Assets Accounting?
Fixed Assets Accounting is the process of acquiring, valuating and recording of assets that cannot easily be converted to cash (buildings, real estate, equipment, furniture, etc.). Fixed assets are subject to periodic depreciation (for tangible assets), amortization (for intangible assets), impairment write-downs (if the value of an asset declines below its net book value) and disposition (once assets are disposed of). This process involves asset acquisition, depreciation, reporting and tax-related reconciliation.
Download a Sample Fixed Assets Accounting
Frequently Asked Questions
Q: How do you create your Workflow Templates?
A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years analyzing operations at hundreds of leading companies worldwide, documenting thousands of business processes at precise levels of detail. We’ve anonymized this data—drawn from millions of dollars’ worth of consulting assignments—and have made it available to you in easy-to-use templates at affordable OpsDog prices.
Q: What can a Workflow Template do for me?
A: Boost productivity, efficiency, and service levels! Broken business processes—marked by manual workarounds, downtime, and errors—are all too common. Many businesses write off this waste as “the cost of doing business.” But you know better than that! Simply select the OpsDog Workflow Template that best fits your situation, tweak it to your liking, and then use it to train employees, identify process improvements, inform an IT project, or re-design a workflow. That’s a lot of power in your hands, cheap!
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Q: Your download-able templates look great. But I need something custom. Can you help?
A: Heck yes. Our analysts would be happy to provide you with a more detailed Workflow Template than what we offer for instant download. We can also develop an entirely new, customized Workflow Template to fit your business; we specialize in this stuff and would love to help you! Simply email us (firstname.lastname@example.org) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.