Property and Equipment Process Flow

This process flow details the various steps involved in managing property and equipment, including: write-offs, fixed asset disposals and impairment, capital and operating leases, software capitalization, month-end close activities, fixed asset accruals, depreciation, fluctuation analysis, and month-end close activities. In this example, a purchase order is generated and the items are coded to the fixed asset holding account after the purchase request is approved. This document should be used as a general guide to understand and review this business process. Organizations should customize this tool to ensure that it reflects their business operations and continuously monitor the process to ensure that the steps described are accurate.