The fixed asset is accountable for recording the cost of newly-acquired fixed assets (both tangible and intangible), tracking existing fixed assets, recording project cost, recording depreciation, and accounting for the disposition of fixed assets.

• Recommend to management any updates to accounting policies related to fixed assets
• Assign tag numbers to fixed assets.
• Create and monitor a system/internal of controls, procedures, and forms for the recordation of fixed assets.
• Investigate the potential obsolescence of fixed assets
• Record fixed asset acquisitions and dispositions in the accounting system.
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Calculate depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets and payable accumulated depreciation.
• Conduct periodic impairment reviews for intangible assets.
• Conduct inventory physical counts of fixed assets.
• Recommend to management whether fixed assets should be disposed of.
• Conduct analyses related to fixed assets as requested by management.
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
• Track company expenditures for fixed assets in comparison to the budget and management authorizations.
• Monitor advances to supplier’s transactions that has been paid already that necessarily needs reversal & to categorize what proper entries of GL account to be entered in Navigation.
• Resolved problem issues related to FA recording, SOA recon, Navigation Problem, & vendors outstanding balances.
• Monitor/ check/review vendor’s outstanding balances report.
• Coordinate/Monitor/records/ all stores asset disposals/asset transfers.
• Validate & check the Net book value of the Asset before disposing it
• Maintain accuracy of fixed asset accounting entries in Navigation accordance with GAAP (generally Accepted Accounting Principles), standard policy & procedure of the company, & BIR rules.
• Check/validate/Approved Fixed Asset Accounts Payable voucher payment request.
• Maintain/monitor/check Records of Asset transfer to other entities.
• Monitor/review the report of fixed assets disbursements summary of all entities.
• Prepare AP Aging related to Fixed Assets of all entities.
• Investigate possible double payment/request of vendors for every fixed asset Purchased requesting for payments.
• Assign tag numbers to fixed assets, store visits for assets tagging/ fixed asset inventory count

• Has background in Fixed Assets
• Accounting Background
• 1-2 years of experience
• Detailed and desire to probe further into data.
• Bachelor’s degree in Accountancy