If your business has fixed assets, generally accepted accounting principles, or GAAP, can serve as a guide to properly account for these long-term tangible assets on your accounting records. Specific ...

Transitions are difficult for any class of software, but fixed asset management programs have had more than their fair share of adjustments in the past few years.What began as a simple spreadsheet ...

It's not that Uncle Sam does not want your clients to deduct those big-ticket items that are critical to running almost any business. The less cynical among us would nod and agree with the Internal ...

Accounting divides your company assets into two classes: current and long-term. Current assets include cash and anything you use up or convert to cash over the next 12 months. Typical examples are ...

I have always prepared accounts for my client the traditional way - fixed assets have been capitalised and depreciated and capital allowances claimed ...

Assets refer to resources that can be converted into cash. Learn how assets work, the various types of assets, how to determine an asset's value and more.

ARLINGTON, Va., June 24, 2024 /PRNewswire/ -- Bloomberg Tax & Accounting today announced a significant enhancement to its Bloomberg Tax Fixed Assets software through a new integration with Bloomberg ...

In the program "1C:Accounting 8" since version 3.0.131.34, the ability to take into account accumulated impairment in a one-time adjustment of the cost of fixed assets when switching to FSB 6/2020 ...

The Expert group on accounting of small businesses supported the proposal to simplify the accounting of the liquidation value of fixed assets for small enterprises. This is reported by the Ministry of ...