Fixed asset accountants are specialists that keep track of their organization's fixed assets. They are responsible for tracking these assets from the time they are purchased by the company to the time that they are disposed of or sold, so they are appropriately accounted for on local, state, and federal taxes. Fixed asset accountants generally work closely with other accounting staff to create reports and fixed asset depreciation schedules for their organization. They also occasionally work with external auditors to verify the accuracy of work. Fixed asset accountants may also need to interact with other departments on special projects, such as information technology (IT). They also may be responsible for updating relevant databases with information on fixed assets.Fixed asset accountants generally work in an office environment during regular business hours, although overtime may be required for periods of heavy workflow, such as when reporting deadlines approach.A bachelor's degree in accounting or a related field is generally required for this position. Employers typically prefer or require that fixed asset accountants be certified public accountants (CPAs) as well. Knowledge of relevant computer software, such as Quickbooks, is generally required as well. Excellent communication skills, attention to detail, and organizational abilities are required as well.

According to the latest data from Google, the Fixed Asset Accountant role in Canada is projected to experience steady growth in the market. Over the past 10 years, this job role has shown consistent demand and is expected to continue growing in the future. With the rise in complex financial regulations and the need for accurate accounting of fixed assets, employment opportunities in this field are expected to remain abundant. Companies across industries will require the expertise of Fixed Asset Accountants to ensure compliance and efficient management of fixed assets. Therefore, the future looks promising for individuals seeking employment as Fixed Asset Accountants in Canada.

How to Learn

As a Fixed Asset Accountant with 3-6 years of experience in Canada, your main responsibilities include:<ul><li> Managing the fixed asset register, ensuring accurate recording and tracking of assets, and performing periodic reconciliations.</li><li> Conducting physical asset verifications, coordinating with various teams to ensure compliance with accounting standards and policies.</li><li> Assisting in the preparation of financial statements, including the proper classification and depreciation of fixed assets.</li><li> Collaborating with cross-functional teams to support the budgeting and forecasting process, providing insights on fixed asset acquisitions, disposals, and impairments.</li></ul>

Roles & Responsibilities

Average take home Salary for a Fixed Asset Accountant in Canada is around $47956 per year

Salary Breakup

Fixed asset accountants can be described as experts who keep track of the fixed assets of their organizations. They are accountable for the tracking of their assets starting from moment they are bought by the business until the point at which they are either disposed of or sold, ensuring that they can be properly accounted for in relation to local, state and federal tax returns. Fixed asset accountants typically collaborate with accounting personnel to prepare documents and depreciation plans for their company. They may also work with external auditors to check the accuracy of their work. Fixed asset accountants might be required to collaborate with other departments for specific projects, like IT or information technology (IT). They may also be accountable to update relevant databases with information about fixed assets.

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Fixed Asset Accountant

Salary Breakup

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