Fixed Asset Accounting (Anlagenbuchhaltung) refers to the bookkeeping function that manages a company’s fixed assets—such as property, machinery, equipment, and vehicles. It tracks acquisition, usage, depreciation, and disposal.
What are the key responsibilities in fixed asset accounting?
- Recording asset acquisitions and relevant financial details
- Monitoring asset life cycles and changes
- Calculating and booking depreciation schedules
- Managing revaluations, disposals, and transfers
- Providing data for balance sheets, tax reports, and audits
This process ensures fixed assets are accurately valued and depreciated over time in compliance with tax and accounting regulations.
