Fixed asset ledger refers to the account book or spreadsheet file that records the content of fixed assets. It is used to record detailed information such as the purchase time, price, person in charge, or department of fixed assets. The ledger originally refers to the account book placed on the stage for people to read, hence the name ledger. The fixed assets ledger is based on the requirements of financial management assets and needs to be set up with detailed items including number, name, original value, monthly depreciation, net value, monthly repair costs and other items. The fixed assets ledger is usually created by the finance department and the physical storage department respectively.
Fixed assets refer to tangible assets that have the following characteristics: held for the production of goods, provision of labor services, leasing or operation and management; and their service life exceeds one accounting year.
In order to calculate fixed assets, companies generally need to set up accounts such as "fixed assets", "accumulated depreciation", "construction in progress", "project materials", and "fixed asset liquidation" to calculate the acquisition, Provision for depreciation, disposal, etc.
The setting up of fixed assets ledger is conducive to the management of fixed assets from the perspective of financial accounting, making the fixed asset data recorded between the equipment management department and the financial management department consistent, and at the same time promoting computer accounting for the financial department A good foundation has been laid for the management of fixed assets.