Scope sheet
finbryn.com
Accounting
Fixed asset accounting and depreciation schedules
Fixed asset accounting from Finbryn sets a written capitalization policy once, applies it to every purchase, and calculates book depreciation on a set schedule. We reconcile that book figure against whatever election a US client's tax preparer takes, Section 179, bonus depreciation or standard MACRS, so the two numbers differ for a documented reason.
What is included
- A written capitalization policy stating the dollar threshold and criteria applied to every purchase
- A complete, current fixed asset schedule with cost, useful life and depreciation method for every asset
- Book depreciation posted to the general ledger on a set monthly or quarterly schedule
- A reconciliation between book depreciation and the depreciation elected on the tax return
- Disposal entries recording gain or loss when an asset is sold, scrapped or traded in
- Impairment entries when an asset's carrying value no longer reflects what it is worth
- A cleanup pass removing disposed assets still carried on an inherited schedule
The process
- 1.
Set the capitalization policy
We agree a written dollar threshold and criteria for what counts as a fixed asset, calibrated to your business size and typical purchase pattern, so future purchases get the same treatment automatically.
- 2.
Build or clean the asset schedule
We review existing assets, remove anything already disposed of but still on the books, and assign a useful life and depreciation method to every asset that remains in service.
- 3.
Post depreciation on a fixed schedule
Book depreciation is calculated and posted to the general ledger monthly or quarterly, tied to your standard close, rather than caught up in one large entry at year end.
- 4.
Reconcile book to tax
At year end, or whenever your preparer needs it, we produce a reconciliation showing book depreciation against the depreciation elected on the tax return, with the difference explained.
- 5.
Record disposals and impairments
When an asset is sold, scrapped, or its value genuinely declines, we record the disposal or impairment entry in the period it happens, keeping the asset schedule current rather than stale.
- 6.
Deliver the schedule with the handoff pack
The current fixed asset and depreciation schedule is included in your year-end close and CPA handoff pack, so your preparer starts from a document that is already reconciled.
Software
QuickBooks Online, Xero, NetSuite, Sage Intacct
Quality control
## Reviewed before it reaches you Every deliverable under accounting services is reviewed by a senior reviewer before it reaches you, on top of the controller-level review built into the service itself.
Pricing
Fixed asset accounting is typically bundled into a broader accounting engagement at the Growth or Scale tier on the published US rate card at /us/pricing. A one-time project to set an initial capitalization policy and rebuild a disorganized asset schedule is scoped as a separate fixed fee, with ongoing maintenance then folded into your regular monthly accounting service.
Finbryn is a brand of Northlane Solutions Inc., a Delaware corporation.
Reviewed September 2026