What is a Fixed Asset Accountant?

A fixed asset accountant is responsible for recording the cost of fixed assets (intangible and intangible), tracking fixed assets, recording depreciation and accounting for the sale and usage of fixed assets. They will need math skills, analytical and computer skills. They also need a working knowledge of financial statements. Additional duties include monitoring and processing transactions daily, ensuring accurate transit of account data to the general ledger, and reviewing and maintaining fixed asset records.

They need to know how to generate monthly depreciation postings. They may be called on to monitor and report monthly capital expenditures of fixed asset to managers. One duty will be assisting in financial audits and tax filing activities.

To be hired for this position, you should have a bachelor's or master's degree in accounting, finance, or another financial career. Career experience as an accountant or accounts payable clerk will also be good.

What Does a Fixed Asset Accountant Do

There are certain skills that many fixed asset accountants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed organizational skills, analytical skills and communication skills.

Learn more about what a Fixed Asset Accountant does

How To Become a Fixed Asset Accountant

If you're interested in becoming a fixed asset accountant, one of the first things to consider is how much education you need. We've determined that 76.9% of fixed asset accountants have a bachelor's degree. In terms of higher education levels, we found that 12.2% of fixed asset accountants have master's degrees. Even though most fixed asset accountants have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Fixed Asset Accountant

Top Fixed Asset Accountant Jobs Near You

Fixed Asset Accountant Career Paths

As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a fixed asset accountant can determine their career goals through the career progression. For example, they could start out with a role such as accountant, progress to a title such as senior accountant and then eventually end up with the title regional controller.

Top Careers Before Fixed Asset Accountant

Staff Accountant (115,930 Jobs)

21.5 %

Accountant (60,073 Jobs)

18.9 %

Senior Accountant (76,816 Jobs)

9.3 %

Top Careers After Fixed Asset Accountant

Senior Accountant (76,816 Jobs)

21.2 %

Accountant (60,073 Jobs)

17.3 %

Staff Accountant (115,930 Jobs)

10.8 %

Average Salary for a Fixed Asset Accountant

Fixed Asset Accountants in America make an average salary of $59,691 per year or $29 per hour. The top 10 percent makes over $76,000 per year, while the bottom 10 percent under $46,000 per year.

Average Fixed Asset Accountant Salary

$59,691 Yearly

$28.70 hourly

$46,00010%

$59,000Median

$76,00090%

See More Salary Information

What Am I Worth?

Roles and Types of Fixed Asset Accountant

The role of a fixed asset accountant includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general fixed asset accountant responsibilities:

Monitors processes and the effectiveness of business controls
Create and monitor a system of controls, procedures,
Obtains information from internal and external sources to record accounting transactions in the subledgers

There are several types of fixed asset accountant, including:

Accountant

Role:

When you think of accounting, do you immediately associate the job title with taxes? Well, that's what some accountants do, but there are other types of accountants.

From preparing an audit to looking over financial records, accoutants have a busy schedule. Some of the year, they will work 40 hours a week, but other times they'll work a lot of overtime. So if you like money more than having a work-life balance, considering accounting.

Average Salary: $54,890
Degree: Bachelor's Degree

Staff Accountant

Role:

Many businesses rely on staff accountants to handle the "math" of the business. But that's just a lazy way for saying you'll be in charge of handling the budget and tax requirements. Basically, any financial records will be prepared and examined by you.

Depending on the industry you're in, the majority of the year will be your "busy season." Some industries this may not apply and you'll only be required to work the normal 40-hour work week.

Typically, staff accountants need a bit of an education to find a job. And no, we're not talking about a high school degree. Most employers prefer you to have a bachelor's degree. Here's to learning more math!

Average Salary: $54,216
Degree: Bachelor's Degree

Certified Public Accountant

Role:

A certified public accountant, or CPA for short, offers his/her or her services to companies or individuals in preparing forms for tax returns and financial statement documents. CPAs oversee audits, keep track of clients' financial records, and contribute to budgeting processes.

Knowing how to develop and implement bookkeeping policies and being familiar with local and federal laws and regulations of taxing procedures is a must, as this is what poses the challenge for people hiring CPAs. CPAs generally have basic computer skills and use accounting software to make the most of their time and resources.

In order to become a CPA, you need to have a BA in Accounting, Finance, Business Administration, or a related field. As implied in the name, you need to obtain a certification to fill the role, and this is usually preceded by years of experience in the field as a public accountant.

Average Salary: $76,693
Degree: Bachelor's Degree

States With The Most Fixed Asset Accountant Jobs

Mouse over a state to see the number of active fixed asset accountant jobs in each state. The darker areas on the map show where fixed asset accountants earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Fixed Asset Accountant Jobs By State

Rank	State	Number of Jobs	Average Salary
1	California	2,604	$71,630
2	Texas	1,573	$57,801
3	Florida	1,127	$55,583
4	New York	1,008	$75,303
5	Illinois	996	$56,767
6	Pennsylvania	734	$53,223
7	Georgia	671	$51,724
8	Virginia	660	$52,206
9	Massachusetts	621	$57,374
10	Ohio	621	$51,645
11	Colorado	533	$56,104
12	North Carolina	533	$53,821
13	Maryland	505	$51,938
14	Arizona	462	$63,713
15	Minnesota	446	$53,427
16	New Jersey	441	$68,026
17	Michigan	439	$49,513
18	Missouri	417	$50,033
19	Washington	410	$69,877
20	Tennessee	387	$49,372
21	Wisconsin	345	$53,047
22	Indiana	316	$51,453
23	Connecticut	304	$61,417
24	Alabama	277	$53,400
25	Oregon	276	$54,287
26	Iowa	275	$45,371
27	Utah	241	$49,068
28	South Carolina	212	$50,926
29	Kentucky	181	$50,462
30	Louisiana	174	$49,910
31	Oklahoma	173	$55,415
32	Nevada	161	$52,399
33	Kansas	149	$47,243
34	Arkansas	125	$48,850
35	Nebraska	114	$45,331
36	Mississippi	110	$44,265
37	Delaware	105	$59,483
38	New Mexico	104	$55,744
39	New Hampshire	100	$59,941
40	Rhode Island	89	$65,215
41	Montana	83	$42,485
42	Idaho	82	$52,542
43	Hawaii	82	$46,539
44	West Virginia	65	$43,698
45	Maine	59	$45,956
46	South Dakota	47	$43,788
47	Vermont	45	$49,291
48	Alaska	42	$55,062
49	Wyoming	33	$46,145
50	North Dakota	33	$42,598

Fixed Asset Accountant Education

Fixed Asset Accountant Majors

Accounting

57.0 %

Business

23.9 %

Finance

8.3 %

Fixed Asset Accountant Degrees

Admissions

Most Popular Majors

Business

Education

Psychology

Liberal Arts

Communication

7. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

Admissions

Most Popular Majors

Accounting

Finance

Business

Marketing

Business Economics

8. SUNY Farmingdale

Farmingdale, NY • Private

In-State Tuition

$8,306

Enrollment

9,394

Admissions

Most Popular Majors

Business

Liberal Arts

Criminal Justice

Psychology

Economics

9. Boston University

Boston, MA • Private

In-State Tuition

$53,948

Enrollment

17,238

Admissions

Most Popular Majors

Business

Education

Communication

Economics

Computer Science

10. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition

$9,625

Enrollment

17,407

Admissions

Most Popular Majors

Business

Psychology

Education

Economics

Liberal Arts

Top Skills For a Fixed Asset Accountant

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 16.3% of fixed asset accountants listed fixed assets on their resume, but soft skills such as organizational skills and analytical skills are important as well.

Fixed Assets, 16.3%

Reconciliations, 8.2%

Asset System, 5.7%

GAAP, 5.4%

Financial Statements, 3.9%

Other Skills, 60.5%

Choose From 10+ Customizable Fixed Asset Accountant Resume templates

Zippia allows you to choose from different easy-to-use Fixed Asset Accountant templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Fixed Asset Accountant resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Fixed Asset Accountant Demographics

Fixed Asset Accountant Gender Distribution

Female

56%

Male

44%

After extensive research and analysis, Zippia's data science team found that:

Among fixed asset accountants, 56.2% of them are women, while 43.8% are men.

The most common race/ethnicity among fixed asset accountants is White, which makes up 63.4% of all fixed asset accountants.

The most common foreign language among fixed asset accountants is Spanish at 40.9%.

Online Courses For Fixed Asset Accountant That You May Like

Advertising Disclosure

1. Assets in Accounting

In this second course, you will dive deeper into the world of bookkeeping and focus on accounting for assets. If you are familiar with bookkeeping basics, such as double entry accounting, you are ready for this course. You will gain an understanding of common asset types, learn how to account for inventory, calculate cost of goods sold, and work with Property, Plant, and Equipment (PP&E). Upon completing this course, you will use your new knowledge of assets to record transactions and produce...

See More on Coursera

2. Accounting Analysis I: Measurement and Disclosure of Assets

**NOTE: You should complete the Accounting Analysis I: The Role of Accounting as an Information System course or be familiar with the concepts taught there before beginning this course.** This course is the second course in a five-course Financial Reporting Specialization that covers the collection, processing, and communication of accounting information (via financial reports) about economic entities to interested parties (i.e., managers and external stakeholders such as stockholders and...

See More on Coursera

3. Financial Accounting: Advanced Topics

In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement. Upon successful...

See More on Coursera

Show More Fixed Asset Accountant Courses

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Full Time

Part Time

Internship

Temporary

Best States For a Fixed Asset Accountant

Some places are better than others when it comes to starting a career as a fixed asset accountant. The best states for people in this position are New York, California, Washington, and New Jersey. Fixed asset accountants make the most in New York with an average salary of $75,303. Whereas in California and Washington, they would average $71,630 and $69,877, respectively. While fixed asset accountants would only make an average of $68,026 in New Jersey, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Fixed Asset Accountant Jobs: 1,008

Highest 10% Earn:

$99,000

Location Quotient:

1.13

$75,303

Avg. Salary

View 1,008 Fixed Asset Accountant Jobs In NY

2. California

Total Fixed Asset Accountant Jobs: 2,604

Highest 10% Earn:

$96,000

Location Quotient:

1.28

$71,630

Avg. Salary

View 2,604 Fixed Asset Accountant Jobs In CA

3. District of Columbia

Total Fixed Asset Accountant Jobs: 267

Highest 10% Earn:

$91,000

Location Quotient:

2.29

$69,252

Avg. Salary

View 267 Fixed Asset Accountant Jobs In DC

Full List Of Best States For Fixed Asset Accountants

How Do Fixed Asset Accountant Rate Their Jobs?

Top Fixed Asset Accountant Employers

Most Common Employers For Fixed Asset Accountant

Rank	Company	Average Salary	Hourly Rate	Job Openings
1	IBM	$86,288	$41.48	25
2	Schlumberger	$68,607	$32.98	11
3	AmeriGas Propane	$67,631	$32.51	4
4	McKesson	$65,358	$31.42	5
5	Helmerich & Payne	$64,653	$31.08	5
6	Federal Mogul Corporation	$62,957	$30.27	5
7	Hewlett Packard Enterprise	$62,196	$29.90	5
8	AT&T	$62,045	$29.83	6
9	Monsanto	$61,909	$29.76	8
10	Kforce	$61,666	$29.65	5

Fixed Asset Accountant Videos

IAS 16 - IFRS Property, Plant & Equipment (Fixed Assets) 1 of 2

Updated February 6, 2023

What is a Fixed Asset Accountant?

What Does a Fixed Asset Accountant Do

How To Become a Fixed Asset Accountant

Fixed Asset Accountant Career Paths

Top Careers Before Fixed Asset Accountant

Top Careers After Fixed Asset Accountant

Recent Job Searches

Average Salary for a Fixed Asset Accountant

Roles and Types of Fixed Asset Accountant

Accountant

Staff Accountant

Certified Public Accountant

States With The Most Fixed Asset Accountant Jobs

Number Of Fixed Asset Accountant Jobs By State

Fixed Asset Accountant Education

Fixed Asset Accountant Majors

Fixed Asset Accountant Degrees

Top Colleges for Fixed Asset Accountants

1. University of Pennsylvania

2. Northwestern University

3. University of Southern California

4. SUNY at Binghamton

5. Villanova University

6. San Diego State University

7. Bentley University

8. SUNY Farmingdale

9. Boston University

10. SUNY Stony Brook

Top Skills For a Fixed Asset Accountant

Choose From 10+ Customizable Fixed Asset Accountant Resume templates

Fixed Asset Accountant Demographics

Fixed Asset Accountant Gender Distribution

Online Courses For Fixed Asset Accountant That You May Like

Best States For a Fixed Asset Accountant

How Do Fixed Asset Accountant Rate Their Jobs?

Top Fixed Asset Accountant Employers

Most Common Employers For Fixed Asset Accountant

Fixed Asset Accountant Videos

Fixed Asset Accountant Related Careers

Fixed Asset Accountant Related Jobs

What Similar Roles Do

Resume For Related Jobs