Fixed assets are the items in your business that typically are not converted to cash. A fixed asset is a long-term tangible piece of property that a firm owns and uses in its operations to generate income.
Fixed Assets include
- Vehicles
- Electronics
- Fixtures
- Machinery
- Computers
As a small business owner, you know that unexpected events happen every day. Managing these assets makes it easier when concerns and opportunities arise. So it must be carefully maintained.
Fixed Asset Management System
Asset Management is a team within a financial firm that is dedicated to
managing the assets (cash, investments etc.) of clients. There are many benefits associated with an fixed asset management system. some of them are listed here.
- Calculate depreciation
- Know the best times to acquire new assets and replace the old assets
- Keep up with your tax obligations.
- Determine the value of your business and Profit or Loss.
Fixed Asset Management Service Provider
We at Mynd one of the best fixed asset management service provider in India, are in charge of tracking the investments and recording the financial activities that come in each investment. We helps clients manage their Fixed Asset Management & Capitalization as an end-to-end service provider covering the broad areas of capitalization, lifecycle management, and physical verification & tagging and process setup. We do the full accounting for you so that you can enjoy maximization of their investments.
Activities carried out under Mynd fixed asset management services are
- Preparation and maintenance of fixed asset register.
- Running depreciation calculations as per statutory laws and US GAAP.
- Monthly capitalization and inventory reconciliation.
- Physical verification and tagging of Assets.
No comments:
Post a Comment