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Job Description
- Create and monitor a system of controls, procedures, and forms for the recording of fixed assets.
- Recommended to management any updates to accounting policies related to fixed assets.
- Assign tag numbers to fixed assets.
- Record fixed asset acquisitions and dispositions in the accounting system.
- Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
- Reconcile the balance in the fixed asset subsidiary ledger to the general ledger.
- Calculate depreciation for all fixed assets.
- Review and update the detailed schedule of fixed assets and accumulated depreciation.
- Investigate the potential obsolescence of fixed assets.
- Conduct periodic impairment reviews for intangible assets
- Conduct periodic physical inventory counts of fixed assets.
- Recommend to management whether fixed assets should be managed.
- Conduct analyses relating to fixed assets as requested by management.
- Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
- Prepare property tax returns.
- Responsible for the assets movements.
- Represent the company during any audits by a government that involves fixed assets.
- Track company expenditures for fixed assets in comparison to the capital budget and management authorization.
- Work closely with the other departments in tracking project costs in comparison to their budgeted projections.
- Conduct periodic reviews of the fixed asset schedule to determine dispositions.
- Review and preparation of monthly financial statements.
- Reconcile specific general ledger accounts.
- Assist in the preparation of budgets.
- Communicate with co-workers, management, and clients in a courteous and professional manner.
- Reporting for work in a timely manner when scheduled.
Job Requirements
- 3+ years of fixed asset accounting experience.
- Bachelor's degree in accounting preferred.
- Must be detail oriented.
