This guide addresses how CPA firms managing complex, project-based work can modernize asset tracking and financial oversight. It explains challenges such as fragmented data, manual depreciation tracking, and limited visibility across long project lifecycles. The guide outlines best practices for aligning fixed assets with project accounting, ensuring compliance with evolving accounting standards, and improving audit readiness. It emphasizes automation, centralized data management, and integration between asset management and financial systems to reduce errors, improve reporting accuracy, and support long-term planning. The guide positions asset modernization as critical for operational efficiency, risk reduction, and financial transparency.

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