Fixed asset accounting can be one of the more difficult items to figure out in the accounting world. It deals with not only the value of a product, but also with the value of that product’s services as well. A fixed asset is any business asset that exists solely for the use of commercial production. For example, if you run a floor cleaning business, a cleaner that you lend out to customers to use at home would be known as a fixed asset.
While that may sound a bit confusing at first, it doesn’t have to be. The proper software can crunch all the numbers and give you all of the data you need with little effort from you.
With the right software, fixed asset tracking should be as easy as inputting a few numbers – the software will do the rest! At Oates & Company, we work with Sage Fixed Asset Solutions, which will show you the value of your long-established fixed assets and help you calculate the value of newly acquired assets.
Oates & Company has been helping people with their accounting software needs since 1988. We have established a loyal following, both with our clients and among our employees. With an average employment time of over seven years, there is a lot of experience to be had here. You have enough to worry about when operating your own business, so we’re here to use our experience to make your life easier. As a business owner, you don’t have time to be a full-time accountant, so let us give you Sage Fixed Asset Solutions to make figuring out your fixed asset numbers a breeze.
If you and your business need a better way to manage your fixed assets and/or you’re interested in learning more about Sage Fixed Asset Solutions, please feel free to contact us with your questions – we’re glad to be of service!
