List of fixed assets Template Word/PDF/Excel

Product description for "List of Fixed Assets Template" - Word, PDF, Excel

List of fixed assets is an indispensable part of the company's accounting and reporting. Our template helps companies meet the statutory requirements for accounting for fixed assets, facilitating both depreciation and asset management over time.

What is a list of fixed assets?

A list of fixed assets is a detailed record of the assets a company holds and intends to use over a longer period of time. These assets include machinery, buildings, vehicles, computers and other equipment with an economic life of more than one year. The list helps companies keep track of the value of these assets, calculate depreciation and facilitate financial planning.

Statutory requirements and relevant laws

According to Swedish legislation, specifically the Accounting Act (1999:1078) and the Annual Accounts Act (1995:1554), companies must establish and maintain a list of fixed assets. Here are some of the most relevant paragraphs:

1. The Accounting Act (1999:1078) :
   • Chapter 5, §4: Requirements for collateral accounting, which includes specifications of assets, liabilities and equity to provide a satisfactory control and overview.
2. The Annual Accounts Act (1995:1554) :
   • Chapter 4, §3: Assets must be valued at acquisition value as a general rule.
   • Chapter 4, §6: Revaluation of assets is permitted under certain conditions and must be reported as restricted equity.
   • Chapter 4, §5: Impairment of assets when their value is below the book value and this is considered permanent.
   • Chapter 4, §12: Valuation of fixed assets at a fixed amount and a fixed value under certain conditions.

Template content

Our Fixed Assets List template includes the following fields:

• Asset : Name and description of the asset (eg Machine A, Computer B, Building C).
• Acquisition value : The original price of the asset (e.g. SEK 100,000).
• Acquisition Date : Date the asset was purchased (eg 01/15/2022).
• Economic life : The expected useful life of the asset (eg 5 years).
• Depreciation Method : The method used to write off the asset (eg, straight-line, declining-balance, production-based).
• Accumulated depreciation : Total depreciation and possible write-downs up to now (e.g. SEK 40,000).
• Residual value : The value of the asset after depreciation (eg SEK 60,000).

Additional information and tips

• Update of plant register : The register should be updated annually in connection with the financial statements. Each separate asset should be included with detailed information to facilitate depreciation and eventual sale.
• Small companies : For companies with few fixed assets, a simpler list can be used, for example by saving copies of purchase invoices in a binder or digitally.
• Specific rules for different asset types : Buildings and land must be divided and valued according to specific rules from the Tax Agency. Land, for example, has an unlimited useful life and should not normally be written off.

Advantages of our template

1. Ease of use : The template is designed to be user-friendly and easy to understand, even for those who are not experts in accounting.
2. Compatible with multiple formats : Available in Word, PDF and Excel, making it easy to customize and use as needed.
3. Direct download : After purchase, the template can be downloaded directly, saving time and facilitating quick implementation.
4. Legislation and practice : The template is designed to comply with Swedish legislation and practice, which ensures that your company's facility register is in line with current regulations.

common questions

Why does my company need a list of fixed assets? A list of fixed assets is necessary to be able to calculate depreciation, manage financial planning and meet legal requirements. It also helps in the sale of assets by providing a clear picture of their value.

How often must the facility register be updated? The plant register should be updated at least once a year in connection with the financial statements. This ensures that all changes in the value and status of assets are included in the company's financial reporting.

What depreciation methods can be used? Common depreciation methods include straight-line, declining-balance, and production-based depreciation. The choice of method depends on the type of asset and how it is used in the business.

Can I use the template for sole proprietorships? Yes, the template can be used by individual traders, especially those who use simplified annual accounts. However, it is important to adapt the template to specific needs and requirements.

Conclusion

Having an accurate and up-to-date list of fixed assets is essential for any business that wants to maintain sound financial practices and comply with statutory requirements. Our fixed asset inventory template is an effective tool to help your business organize and manage its assets in a structured way. With the option to download in Word, PDF and Excel formats, this template offers flexibility and ease of use that will facilitate your work with bookkeeping and accounting.

Choose our template to ensure that your company's facility register is in line with Swedish legislation and practice. Place your order today and get immediate access to a complete fixed asset management solution.