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What is a fixed asset accountant and how to become one

Updated January 8, 2025
4 min read
Quoted Expert
Ken Johnston Ph.D.
introduction image

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 general advice would you give to a Fixed Asset Accountant?

Ken Johnston Ph.D.Ken Johnston Ph.D. LinkedIn Profile

Associate professor of finance, Berry College

With so much uncertainty in the economy currently, due to the coronavirus, graduates are going to have to be patient and flexible when it comes to beginning their careers. For many recent graduates, job start times have been delayed and may turn virtual as this pandemic plays out. Be reluctant to sign yearlong apartment rental agreements or include a coronavirus escape clause if your job is suspended. If your career starts virtually, move home and use those rental payment savings to start a Roth IRA. A Roth IRA is preferred as you are in a lower tax bracket when you begin your career, and given the size of the national debt, taxes are going to have to increase in the future. As Warren Buffet says, "Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold." If you can create investable cash, these are buying opportunities. Investable capital in these situations is like buckets to catch the rain.
ScoreFixed Asset AccountantUS Average
Salary
4.7

Avg. Salary $59,691

Avg. Salary $59,228

Stability Level
5.4

Growth Rate 6%

Growth Rate 0.3%

Diversity
6.4
Race

American Indian and Alaska Native 0.46%

Asian 12.99%

Black or African American 8.41%

Hispanic or Latino 10.74%

Unknown 3.95%

White 63.45%

Gender

female 56.24%

male 43.76%

Age - 43
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43
Stress Level
5.4

Stress level is manageable

7.1 - high

Complexity Level
8.3

Complexity Level is challenging

7 - challenging

Work Life Balance
6.7

Work Life balance is good

6.4 - fair

Fixed Asset Accountant career paths

Key steps to become a fixed asset accountant

  1. Explore fixed asset accountant education requirements

    Most common fixed asset accountant degrees

    Bachelor's

    76.9 %

    Master's

    12.2 %

    Associate

    8.8 %
  2. Start to develop specific fixed asset accountant skills

    SkillsPercentages
    Fixed Assets16.33%
    Reconciliations8.23%
    Asset System5.74%
    GAAP5.41%
    Financial Statements3.89%
  3. Complete relevant fixed asset accountant training and internships

    Accountants spend an average of 1-3 months on post-employment, on-the-job training. New fixed asset accountants learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a fixed asset accountant based on U.S. Bureau of Labor Statistics data and data from real fixed asset accountant resumes.
  4. Research fixed asset accountant duties and responsibilities

    • Lead the discussions on the level of asset componentization with respect to compliance IFRS standards.
    • Prepare internal financial reports for treasury manage accounts include in external compliance reports.
    • Monitor purchase orders and calculate month-end accruals.
    • Support internal and external audit requirements and verify SOX documentation.
  5. Prepare your fixed asset accountant resume

    When your background is strong enough, you can start writing your fixed asset accountant resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a fixed asset accountant resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose From 10+ Customizable Fixed Asset Accountant Resume templates

    Build a professional Fixed Asset Accountant resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Fixed Asset Accountant resume.
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    Fixed Asset Accountant Resume
    Fixed Asset Accountant Resume
    Fixed Asset Accountant Resume
  6. Apply for fixed asset accountant jobs

    Now it's time to start searching for a fixed asset accountant job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How Did You Land Your First Fixed Asset Accountant Job

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Average fixed asset accountant salary

The average Fixed Asset Accountant salary in the United States is $59,691 per year or $29 per hour. Fixed asset accountant salaries range between $46,000 and $76,000 per year.

Average Fixed Asset Accountant Salary
$59,691 Yearly
$28.70 hourly

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Fixed Asset Accountant reviews

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A zippia user wrote a review on Jun 2020
Cons

I don't like to work as a nonprofessional accountant


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A zippia user wrote a review on Feb 2020
Cons

Business owners that do not know or understand compliance and GAAP, or the patience to follow the rules... generally common in small companies.


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A zippia user wrote a review on Feb 2020
Pros

It's an office job.


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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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