The Fixed Asset Ledger manages fixed assets from the perspective of financial accounting. Make the equipment management department and financial management department management of fixed assets of the same caliber. This ledger according to the requirements of financial management of assets, set the project: number, name, original value, monthly depreciation, net value, monthly repair costs, etc., for the financial sector to implement computerized management of fixed assets to lay the foundation.

Enterprise fixed assets are generally managed by the equipment management department and the financial sector **** with the management. Due to the two departments to manage equipment from different perspectives, practice has proved that there are the following problems:?

(1). The name of fixed assets specifications . Original value and other items in the financial sector of the << fixed ledger and equipment management department of the << equipment ledger does not match.?

(2). Every time the state enterprise census and the higher authorities of the various inspections, the enterprise's financial department and equipment management department have to invest in manpower to reorganize the fixed assets accounts, in order to achieve the accounts and things in line with the haste to cope with the inspection.

(3). The number of fixed asset models logged in the finance department and equipment management department logged in equipment.

Extended information:

If you receive VAT invoices, you have to do the input tax credit, as the The tax on fixed assets is now allowed to be deducted.

If you receive a fixed asset that does not need to be installed and can be used directly.

Borrow: fixed assets

Taxes payable - VAT - input VAT

Credit: bank deposits (or cash)

Depreciation should start from the next month. Calculated according to the useful life of the tax law, that is: monthly depreciation = (fixed assets value / tax life / 12 months) - 5% of the salvage value

Baidu Encyclopedia - Fixed Assets Ledger