The fixed asset accountant position is accountable for recording the cost of newly-acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording depreciation, and accounting for the disposition of fixed assets.
What You'll Do:
Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
Recommend 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 summary-level account in the general ledger.
Calculate depreciation for all fixed assets.
Review and update the detailed schedule of fixed assets and the accumulated depreciation.
Investigate the potential obsolescence of fixed assets.
Conduct periodic impairment reviews for intangible assets.
Conduct periodic physical counts of fixed assets.
Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
Prepare property tax returns.
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 authorizations.
What You'll Need:
Bachelor's degree in Finance, Accounting, or Economics
2+ years of relevant work experience
Numbers & Facts
Location
Chicago, Illinois
Skills
Accountingunmatched
Accounting Policiesunmatched
Accounting Softwareunmatched
Asset Disposalunmatched
Asset Managementunmatched
Budget Managementunmatched
Capital Budgetingunmatched
Depreciationunmatched
Economicsunmatched
Expense Trackingunmatched
Financeunmatched
Fixed Asset Managementunmatched
Fixed Assetsunmatched
General Ledger Accountingunmatched
Governmentunmatched
Property Maintenanceunmatched
Property Taxunmatched
Reconciliationunmatched
Tax Returnsunmatched
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