Some of the largest capital investments nonprofits and churches have is their investment in their property, furniture, vehicles and other equipment like computers. These are known as fixed assets and when it comes to managing, tracking and depreciating them, you want to be sure you are doing correctly.
The primary goal of this eBook is to give you a holistic understanding of what a fixed asset is and how you and your organization can track, manage, and depreciate it throughout the course of its useful life (don’t worry, this is going to make a lot of sense soon!).
This e-book will teach you about:
- Calculating and comparing different methods of depreciation
- Allocating fixed asset costs according to GAAP
- Maintaining a record of depreciation for each fixed asset
Aplos specializes in nonprofit accounting software and fundraising software. Our expert team has worked alongside countless nonprofits to build strong foundations on sustainable fundraising and financial accountability.
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