Fixed Asset Accounting
All articles in this category pertain to fixed asset accounting. Fixed asset accounting refers to the act of keeping financial records of your company’s capital assets. A fixed asset is a tangible long-lived item a company plans to use over time to help generate income. Each acquired asset is recorded in the books based on its classification.
These classifications include buildings, equipment, construction-in-progress, furniture and fixtures, leasehold improvements, software and more.
Learn more about fixed asset accounting below.