Fixed Asset Management and ReportingNick Tran
I offer comprehensive fixed assets management services to help your business track, manage, and optimize its assets efficiently. My services ensure accurate financial reporting, compliance with accounting standards, and better asset lifecycle management.
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Key Deliverables:
1. Fixed Asset Register Setup:
Create or update a detailed fixed asset register in Excel, Google Sheets, or your preferred accounting system (e.g., SAP, QuickBooks).
Classify assets by type, location, acquisition date, and useful life.
2. Asset Depreciation Calculation:
Calculate depreciation using methods such as straight-line, declining balance, or units of production, based on your accounting policies.
Provide monthly, quarterly, or annual depreciation schedules.
3. Asset Valuation and Reconciliation:
Conduct asset reconciliation between the physical inventory and the accounting records.
Update valuations based on asset impairments, revaluations, or disposals.
4. Fixed Asset Reporting:
Generate fixed asset reports for financial statements, including balance sheets, income statements, and cash flow statements.
Ensure compliance with applicable accounting standards (IFRS/GAAP).
5. Asset Tagging and Tracking:
Provide guidance or assistance with asset tagging and implementing an asset tracking system using barcode or RFID technology.
Set up maintenance schedules to extend the asset's useful life.
6. Disposal and Retirement Services:
Assist with proper asset disposal procedures, including sale, scrapping, or donation.
Ensure all asset disposals are accurately recorded in financial records.
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Why Choose This Service?
Accuracy: I ensure that your fixed asset records are accurate and up-to-date, minimizing discrepancies.
Compliance: I ensure all fixed assets are accounted for in line with IFRS/GAAP standards.
Efficiency: I implement systems that streamline the management of assets, saving time and reducing human error.
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Platforms & Tools:
Excel / Google Sheets
SAP / Oracle Cloud / PeopleSoft
RFID/Barcode Asset Tracking Software
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Price: Fixed Price or Hourly Rate (Depends on scope)
Turnaround Time: Typically 7-10 business days, depending on the complexity of the project.
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Let's Get Started! Contact me to discuss your project, and I’ll tailor my services to fit your business’s fixed asset management needs.
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This service example outlines a comprehensive approach to fixed asset management, covering everything from setup to reporting and disposals.
Nick's other services
Contact for pricing
Tags
Alteryx
Microsoft Excel
Microsoft Power BI
Data Analyst
Data Modelling Analyst
Data Scientist
Service provided by
Nick Tran Dallas, USA
Fixed Asset Management and ReportingNick Tran
Contact for pricing
Tags
Alteryx
Microsoft Excel
Microsoft Power BI
Data Analyst
Data Modelling Analyst
Data Scientist
I offer comprehensive fixed assets management services to help your business track, manage, and optimize its assets efficiently. My services ensure accurate financial reporting, compliance with accounting standards, and better asset lifecycle management.
---
Key Deliverables:
1. Fixed Asset Register Setup:
Create or update a detailed fixed asset register in Excel, Google Sheets, or your preferred accounting system (e.g., SAP, QuickBooks).
Classify assets by type, location, acquisition date, and useful life.
2. Asset Depreciation Calculation:
Calculate depreciation using methods such as straight-line, declining balance, or units of production, based on your accounting policies.
Provide monthly, quarterly, or annual depreciation schedules.
3. Asset Valuation and Reconciliation:
Conduct asset reconciliation between the physical inventory and the accounting records.
Update valuations based on asset impairments, revaluations, or disposals.
4. Fixed Asset Reporting:
Generate fixed asset reports for financial statements, including balance sheets, income statements, and cash flow statements.
Ensure compliance with applicable accounting standards (IFRS/GAAP).
5. Asset Tagging and Tracking:
Provide guidance or assistance with asset tagging and implementing an asset tracking system using barcode or RFID technology.
Set up maintenance schedules to extend the asset's useful life.
6. Disposal and Retirement Services:
Assist with proper asset disposal procedures, including sale, scrapping, or donation.
Ensure all asset disposals are accurately recorded in financial records.
---
Why Choose This Service?
Accuracy: I ensure that your fixed asset records are accurate and up-to-date, minimizing discrepancies.
Compliance: I ensure all fixed assets are accounted for in line with IFRS/GAAP standards.
Efficiency: I implement systems that streamline the management of assets, saving time and reducing human error.
---
Platforms & Tools:
Excel / Google Sheets
SAP / Oracle Cloud / PeopleSoft
RFID/Barcode Asset Tracking Software
---
Price: Fixed Price or Hourly Rate (Depends on scope)
Turnaround Time: Typically 7-10 business days, depending on the complexity of the project.
---
Let's Get Started! Contact me to discuss your project, and I’ll tailor my services to fit your business’s fixed asset management needs.
---
This service example outlines a comprehensive approach to fixed asset management, covering everything from setup to reporting and disposals.
Nick's other services
Contact for pricing