What We Do
INTRODUCTION
Our Fixed Asset Accountants Are Committed to Help Clients
About 99% of reported net income in businesses is overstated each month and often at year-end because they fail to perform their fixed asset accounting consistently and timely, thus causing the understatement of depreciation expenses.
Often, accounting staff are stretched to their limits in performing day-to-day accounting activities, including month-end close. Therefore, the monthly fixed asset accounting responsibility falls on the staff without the time or necessary skills or is neglected altogether.
Many businesses cannot afford to have a dedicated fixed-asset accountant, but fixed-asset accounting is necessary for proper financial reporting.
Again, this is where Your Fixed Asset Accountant (YFAA) comes in.
We will reconcile your fixed-assets general ledger accounts to your fixed-assets subsidiary ledger or module and maintain your monthly activity, which includes addressing additions, dispositions, transfers, and write-offs and calculating depreciation expenses.
With our monthly subscription plan, businesses only pay for what they need and nothing more.
We charge a competitive hourly rate for premium services.
Even if your organization has a full-time bookkeeper or accountant, YFAA offers a low-cost solution and assurance that your fixed asset accounting is current and up-to-date.
