Definition of a Fixed Asset

I was in conversation with a customer the other day and he was confused about the definition of a Fixed Asset.  His view of this was very “accounting centric”.  Any asset that has been capitalized is a Fixed Asset.  While true for accountants this is a...

How to save money on Insurance

People ask me about the important dates in the lifecycle of a fixed asset.  One of the dates that is often over looked is the Insurance Policy renewal date.  People think, “well I use that to make sure my assets are covered by a policy and it is still...