We support client’s all fixed asset process including preparation of client’s management rules, purchasing, receiving, updating fixed assets records, depreciation, disposal, sales, physical fixed assets taking, follow-up of result, impairment, asset retirement obligation and adopting tax benefit. Although growing companies tend to slightly regard importance of fixed assets management than inventory management, bad fixed assets management will be burden on future initial public offering, M&A and fundraising.
Moreover, we clean client’s fixed assets record and general ledger where discrepancy exist between general ledger, fixed assets record and fixed assets due to past bad fixed assets management. Our procedures are as follows.
- Define existing discrepancies
- Adjust general ledger and fixed assets record
- Investigate the cause of discrepancy
- Create prevention plan