Inaccurate asset registers, uncapitalized write-offs, uneven depreciation techniques, and gaps in IFRS 16, GAAP, or ASC 842 compliance all contribute to the distorted financial reporting that many businesses face. These problems make it difficult to make strategic decisions because they not only raise audit risks and tax exposure but also compromise the accuracy of financial insights.
At GAC, we deliver end-to-end fixed asset accounting solutions that address these difficulties head-on. With us, you receive accurate asset value, normalized depreciation, and audit-ready compliance, all while improving each step in the asset lifecycle from acquisition to retirement. We help companies minimize risk and maximize transparency to make assured and strategic asset decisions with certified financial reports.
Our Fixed Asset Solutions
Through automated data capture and centralized depreciation tracing, we provide compliance with the standards of eliminating phantom assets and fixed asset verification services with audit-ready clarity.
Asset Master Data Management
- Our service involves creating and maintaining accurate asset master records to ensure all assets are properly classified and tagged. It provides a foundation for all asset accounting activities by maintaining up-to-date asset information.
Asset Capitalization
- We record new asset acquisitions and capital expenditures to ensure timely and accurate capitalization in the asset ledger. It ensures assets are correctly posted and integrated with procurement and financial modules.
Depreciation Calculation & Posting
- We calculate depreciation based on statutory and company policies and post the related entries to the general ledger. It ensures that asset values are appropriately reduced over their useful lives.
Asset Transfers and Revaluation
- We note the transfer of assets across locations or cost centers and adjust asset values through revaluation or impairment. This keeps asset records accurate and reflects current asset status and values.
Asset Retirement and Disposal
- We manage the removal of assets from the books by recording retirements and disposals, including gain or loss calculations. It ensures proper accounting treatment when assets are no longer in use.
Asset Reconciliation & Reporting
- We provide comprehensive fixed asset reconciliation, including FA-GL alignment and roll-forward schedules, paired with audit-ready reporting to ensure accuracy, transparency, and compliance for management and auditors.
Asset Lifecycle Management Controls & Compliance
- Ensure IFRS 16, ASC 842, and GAAP compliance with useful life reviews, residual value assessments, policy alignment, and audit-ready internal control documentation across the entire asset lifecycle.
Asset Physical Verification Support
- We check the physical verification of assets, identifying discrepancies between physical and recorded assets. Adjustments are made to keep asset records reliable and up to date after verification exercises.
Our Process Flow
Our fixed asset accounting service is designed to grow with your business, accommodating increasing asset volumes and complexity.
Tools We Use
Why Choose GAC for Fixed Asset Accounting Services?
Accurate Asset Registers
We deliver precise and up-to-date fixed asset registers, eliminating phantom assets and boosting financial accuracy.
Lifecycle Control
From tagging and depreciation to disposal, we manage the entire asset lifecycle—optimized for maximum value.
Cost Efficiency
Outsourcing avoids overhead, reduces labor costs, and helps you leverage advanced tools without additional expenses—translating to direct cost savings.
Scalable Solutions
Our services adjust dynamically to your asset volume—supporting growth without adding internal strain.
Audit Simplification
Centralized records and strict verification processes make internal and external audits faster and more reliable.
Advanced Tracking
Using RFID/barcode integration, we enable real-time asset tracking for enhanced visibility and control.
Reporting Precision
Our standardized roll-forwards, reconciliations, and depreciation schedules improve financial clarity and decision-making.
Outsource Fixed Asset Accounting Services to GAC
We provide clear solutions for fixed asset accounting services, and we make the tracking of assets easier, provide compliance like IFRS, GAAP, ASC 842, and increase the precision of your financial records. We use modern technology alongside asset identification, maintenance, physical verification, and even disposal reporting. By outsourcing these tasks, you’ll have more time to manage business activities as we take care of your accounting services and asset portfolio professionally.
Partnering with us means gaining a trusted ally dedicated to optimizing your bookkeeping services and asset management processes
We have the solutions you need, and we're a certified team of professionals trusted by global clients for our accuracy, compliance, and deep domain expertise.