Fixed asset accountants are specialists that keep track of their organization's fixed assets. They are responsible for tracking these assets from the time they are purchased by the company to the time that they are disposed of or sold, so they are appropriately accounted for on local, state, and federal taxes. Fixed asset accountants generally work closely with other accounting staff to create reports and fixed asset depreciation schedules for their organization. They also occasionally work with external auditors to verify the accuracy of work. Fixed asset accountants may also need to interact with other departments on special projects, such as information technology (IT). They also may be responsible for updating relevant databases with information on fixed assets.
Fixed asset accountants generally work in an office environment during regular business hours, although overtime may be required for periods of heavy workflow, such as when reporting deadlines approach.
A bachelor's degree in accounting or a related field is generally required for this position. Employers typically prefer or require that fixed asset accountants be certified public accountants (CPAs) as well. Knowledge of relevant computer software, such as Quickbooks, is generally required as well. Excellent communication skills, attention to detail, and organizational abilities are required as well.
Fixed Asset Accountant Tasks
- Analyze data and create special reports, trend analysis, or other reporting.
- Complete documentation like journal entries, month end analysis, and quarterly and capital reports.
- Maintain financial data for all fixed (non-liquid) assets, including requisitions and inventories.
- Coordinate project approvals and provide quotes on existing fixed assets.