No matter how up to date your software is and how diligent you are at using it, if your inventory of fixed assets is inaccurate then so are your books. More importantly, this can mean tax and insurance overpayments in the thousands, or even tens of thousands, of dollars each year.
Sage Fixed Assets, the brand used and trusted by over 100,000 customers and the top 15 accounting firms in North America, now offers a complete line of fixed asset inventory services. Our team of experts can provide a fast and accurate physical inventory of your fixed assets using the latest barcode scanning technology. Next, a thorough reconciliation will be completed against your current records―helping to ensure your books are in compliance and eliminating costly overpayments. We will even create a new or update your existing Sage Fixed Assets database.
PHYSICAL INVENTORY SERVICES
Each inventory services engagement is tailored to your specific requirements, with services for:
- Conducting a room-to-room physical inventory of your fixed assets.
- Tagging any new assets found and recording the details in your records.
- Updating record details for existing assets, like noting a change in condition, location, or other attributes.
- Reconciling your updated inventory to your existing records.
VALUATION SERVICES
Our team of fixed asset experts are fully qualified, certified, and licensed to provide unbiased, independent appraisals to help you reduce property tax payments, adjust insurance premiums, and comply with international financial reporting standards (IFRS). Our services include:
- Asset impairments
- Real estate valuations
- Business valuation
- Machinery and equipment market value appraisals
- Insurance appraisals
- Intangible asset valuations
COST SEGREGATION STUDIES
Recently acquired, expanded, or improved facilities are often classified as long-lived real property. However, by reclassifying shorter-lived personal property components from real property assets, you can accelerate depreciation, which can significantly improve cash flow. Through a cost segregation study we can identify those building components eligible for accelerated depreciation under current tax regulations.
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