Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.
Depreciation is how a company writes off the value of fixed assets over their useful life. It can apply to tangible assets, such as office equipment, computers, and buildings.
The amount you’ll depreciate each year can depend on the depreciation method your business uses, how much the asset costs, its useful life, and whether there’s a residual or salvage value at the end.
Intangible assets, such as software licenses and intellectual property, are often amortized rather than depreciated, and they might not have a residual value at the end of their useful life.
Properly recording depreciation can help ensure your books accurately represent your company’s value over time and make understanding its financial health easier.
Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.
We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at info@pilot.com.
Get the peace of mind that comes from partnering with our experienced finance team.