Fixed Assets

Accounts

Fixed Assets

Responsibilities

Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.

Recommend to superior any updates to accounting policies related to fixed assets.

Assign tag numbers to fixed assets.

Record fixed asset acquisitions and dispositions in the accounting system.

Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.

Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.

Calculate depreciation for all fixed assets on monthly basis.

Monthly preparation of depreciation schedule as per income tax act and fixed assets schedule annexed to balance sheet.

Review and update the detailed schedule of fixed assets and accumulated depreciation.

Calculate asset retirement obligations for those fixed assets to which AROs are applicable.

Investigate the potential obsolescence of fixed assets.

Conduct periodic impairment reviews for intangible assets.

Conduct periodic physical counts of fixed assets.

Recommend to management whether fixed assets should be disposed of.

Conduct analyses related to fixed assets as requested by management.

Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.

Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.

Requirements

3+ years of fixed asset accounting experience. Bachelor’s degree in accounting preferred. Must be detail oriented.

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Our Team's experiences with Nibav

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Customer Relationship Management


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IT


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Our Global Experience Centres & Offices

 
Sales

Dedicated to the craft of masterful persuasion, our Sales department is responsible for bringing in clients and retaining them. From visiting potential clients’ homes, explaining our product range to suggesting the best product and everything in between, the Sales department is always on the go. Analysing, strategising, maintaining tact and effectively communicating are some of the skills that make up a successful player in this department.

 

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Human Resources

The HR department is truly the machine that keeps the wheels turning. The HR team at Elite is responsible for the full life cycle of an employee’s recruitment, training and termination. Handling employee-benefits implementation, employer-employee relations, overseeing the maintenance of company culture, developing a safe work environment and managing disciplinary actions make up the integral components of this department.

 

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Customer Relationship Management

At Elite, the Customer Relationship Management department is in charge of handling relations with our clients. This can include setting up plans to deal with clients’ issues, tracking clients’ products/ongoing complaints, providing updates and following up with them regarding their products. Members of this department are tasked with keenly understanding our clients’ needs and making sure there is a plan in place to fulfil clients’ needs.

 

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Marketing

The Elite Marketing team handles all the digital, social and print channels of marketing. This team is responsible for sending the word out and creatively attracting potential clients. Sourcing leads, creating actionable content, Search Engine Optimisation, Search Engine Marketing, Social Media Marketing and paid ad campaigns are just some of the marketing activities undertaken by our team. The team works towards the common goal of meeting the business’s growth targets. Deep knowledge of client behaviour, effectively using media to communicate our services, demographic and market analysis and strategising are the skills we typically look for in a marketing team member.

 

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IT

The IT team handles all the technical needs of the company. Our IT team is bifurcated into two: one team handles the hardware and software needs of the office while the other handles all the web development and maintenance requirements of our official websites and applications. Strong knowledge of hardware, software, code, analytical, communication, troubleshooting and problem-solving skills are what we expect of the team members.

 

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Quality

Elite’s Quality department is responsible for maintaining a certain level of excellence in our products and services. As with any accomplished quality department, ours also determines and implements a quality policy and maps out and implements quality planning, quality assurance, quality control and quality improvement. Key skills required here are competent knowledge of consumer behaviour specifically in our niche, quality control standards, good interpersonal skills and problem-solving skills.

 

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Operations

At Elite, members of the Operations team handle all the administrative and coordination activities of the organisation. They are responsible for the smooth running of the day-to-day operations. From planning, coordinating and communicating to assisting and managing, the role of an operations executive encompasses a wide range of activities. Decision-making, interpersonal relations, data-processing, planning and budget management are some of the key skills required in members of our Operations department.

 

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Accounts

Our Accounts department manages the economic activities of the organization. This includes but is not limited to preparing a budget, yearly statements, maintenance of accounting records, payroll management, preparation of client invoices and payment of bills. All the financial data processed and recorded by the Accounts team helps us in the final yearly audits. Attention to detail, analytical skills, problem-solving skills, knowledge of accounting principles and a good head for numbers are the key skills required in this department.

 

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