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 ...

Fixed assets, also known as property, plant and equipment, are usually expensive items that last long term, such as real estate, heavy equipment and furniture. Accountants in charge of this area of a ...

When an invoice is entered into accounts payable you may desire the ability to automatically update your fixed asset accounting at the same time. One caveat to this procedure: Your accounts payable ...

Learn the principles of financial accounting, its importance, and how it functions to provide a clear picture of a company's financial health and compliance.

Companies don’t need to be haunted by ghost assets. And yes, ghost assets are very real and can have a scary impact on the bottom line. What is a ghost asset, you ask? Well, it’s a fixed asset in a ...

Business advisers can help guide clients through the tax and accounting considerations of a corporate sale or purchase.

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Investopedia / Theresa Chiechi Group ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. From nimble startups to established, multigenerational enterprises, I’ve had the privilege ...

CPA Australia noted that depreciation should not be used as the sole indicator when evaluating the financial stability of ...