Fixed Asset Management & Depreciation Service

Manage fixed asset records, depreciation, and compliance

Startup Cost
$25,000-$150,000
Difficulty
Advanced
Time to Profit
12-24 months
Profit Potential
$12,000-$125,000/month

Overview

Fixed asset services generate $150,000-$1,500,000 annually with 75-90% margins.

In 2025, fixed asset tracking ensures accurate financial records.

Revenue from fixed asset software subscriptions ($99-$999 monthly), asset tagging and inventory ($2,000-$30,000), depreciation calculation and reporting, fixed asset audits and reconciliation ($3,000-$50,000), disposal and retirement tracking, and fixed asset consulting.

Successful services maintain complete fixed asset records, calculate depreciation (straight-line, MACRS), track asset locations and custodians, manage asset additions and disposals, ensure tax and GAAP compliance, and integrate with accounting systems.

Businesses, nonprofits, and government entities as clients.

Marketing through accountants and CFOs, fixed asset compliance, depreciation accuracy, audit preparation, and accounting system integration.

Required Skills

  • Fixed Asset Accounting
  • Depreciation Methods
  • Tax & GAAP Compliance
  • Asset Tagging
  • Accounting Systems
  • Audit Procedures

Pros and Cons

Pros

  • Recurring fixed asset management revenue
  • Tax and accounting compliance drives demand
  • Work with finance and accounting departments
  • Audit preparation provides value
  • Multiple fixed asset service offerings

Cons

  • Need accounting and tax expertise
  • Competition from accounting firms
  • Depreciation calculations complex
  • Client data quality varies
  • Software and accounting integration required

How to Get Started

  1. Build fixed asset accounting expertise
  2. Develop or license fixed asset software
  3. Learn depreciation methods and tax rules
  4. Market to businesses and accountants
  5. Inventory and tag fixed assets
  6. Set up fixed asset records and depreciation
  7. Provide ongoing asset management and reporting

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