Fixed Asset Blog

To Bulk or Not to Bulk… Fixed Assets

I often get asked if companies should approach their asset tracking and depreciation by bulking items together (like that of their out-sourced CPA firm — general statement) or individualize them out as their own separate line item.  Good question, here is my answer: Let’s say you have $50,000 in furnture and fixtures on your books […]

Why Spreadsheets for Fixed Asset Depreciation are NOT the Best Solution

About 75% off all clients and prospects that come knocking on my door are utilizing spreadsheets for their fixed asset depreciation calculations.  When we perform a data conversion into the Sage FAS solution (or just simply audit their books), 100% of the time we ALWAYS uncover missing cells, columns or blown out (erased) formulas, which […]

New Home for a Senior Fixed Asset Consultant

Since teaming up with Paragon International (back in May 2009), I’ve learned so much about Cost Segregation studies (how they are done the right way) and how so many misclassify real property and just by legally reclassifying fixed assets, it can greatly impact depreciation schedules — for the good — producing much more cash flow!  I’ve […]