Templates
Finance
Fixed Assets Policy Template
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Fixed Assets Policy Template

Manage, record, and monitor your company's fixed assets effectively with our comprehensive Fixed Assets Policy Template. Optimise asset usage, value, and lifespan.
1
Identify all fixed assets in the company
2
Classify fixed assets according to type
3
Establish the usage lifespan of each asset
4
Calculate the value of each asset
5
Determine the depreciation method for each asset
6
Apply depreciation method to calculate asset's annual depreciation value
7
Record all the details in fixed assets register
8
Review physical condition of assets to update register
9
Reconcile the fixed assets register to the General Ledger
10
Prepare a report on the status of the company's fixed assets
11
Approval: Financial Controller
12
Submit the report to the senior management
13
Create the Fixed Assets Policy based on the gathered data
14
Approval: Director of Finance
15
Distribute the policy to all relevant departments
16
Train employees on the new Fixed Assets Policy
17
Implement the Fixed Assets Policy across the company
18
Monitor compliance with the Fixed Assets Policy
19
Review and update the Fixed Assets Policy yearly
20
Approval: Board of Directors