Account 218 – Other tangible fixed assets

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Account 218 – Other tangible fixed assets is included in class 2 of the general accounting plan (PCG) , which groups together fixed assets, i.e. assets intended to remain in the company for a long time. This account is particularly important usa student data because it allows you to record all tangible assets that cannot be classified in specific accounts, such as land (account 211) or buildings (account 213).

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What is account 218?
Account 218 , entitled "Other tangible fixed assets", is a sub-account of class 2 "Fixed asset accounts" of the General Accounting Plan (PCG). The latter is specifically dedicated to recording tangible fixed assets that cannot be classified in other specific accounts, such as account 211 (land), account 215 (technical installations, industrial equipment and tools) or account 213 (constructions). Account 218 includes in particular:

Arrangements and installations (office furniture, specific fittings);
Specific materials and tools;
Technical equipment, such as security systems;
Transportation equipment, which cannot be classified elsewhere.
Account 218 itself includes several sub-accounts, including:

2181 – General installations, fittings, various developments: This sub-account records expenses related to the layout and fitting out of the company's premises, including installation work and specific developments;
2182 – Transport equipment: This is intended to record vehicles and other means of transport used in the context of the company’s activities;
2183 – Office equipment and computer equipment: It includes office equipment, such as computers, printers and other computer equipment necessary for the proper functioning of daily operations;
2184 – Furniture: This subaccount records purchases of office furniture, such as desks, chairs and other items that enhance the work environment.
Rules for account 218
Transactions related to account 218 must comply with certain accounting rules:

Fixed Assets Recording
First, you must record the fixed assets at the purchase price , including additional costs such as transportation, installation and possible customs duties.

Depreciation
In addition, fixed assets entered in account 218 must be depreciated . You must choose the depreciation method (straight-line, declining balance or variable) adapted to the estimated lifespan of each fixed asset.

Accounting depreciation allows you to spread the cost of the asset over several years, thus ensuring better financial management of your business.