Tax departments must overcome a multitude of challenges when trying to accurately account for fixed assets. Effective fixed asset management supports financial and tax reporting and assists with internal planning, tracking and audit efforts. It provides information vital to support sound business decisions. And when fixed asset listings, tracking systems or general procedures are inadequate, accurate tracking and reporting of fixed assets may be substandard as well. This has negative implications for the entire organization.
RSM specializes in fixed asset management for middle market companies. We have proven experience, deep technical and industry knowledge and robust fixed asset tracking technology. We leverage the latest in data analytics, data visualization and RPA (robotics process automation) tools to bring you comprehensive, accurate fixed asset management. We center our approach on your business strategy and objectives, and we’re happy to assist you in selecting appropriate third-party depreciation software.
Our co-sourced and cloud-based solutions help tax departments focus on planning instead of repetitive compliance processes. Utilizing software rather than spreadsheets allows for a data-oriented approach that captures and applies legislative changes (both state and federal), eliminating manual processes and reducing errors. The RSM team will collaborate with you to deliver the technology-enabled solution that meets your needs.