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Fixed Asset Inventory Module
The Fixed Asset Inventory module is fully-integrated with the School Accounting System and is a tool used to record and track all of your district’s assets for security and insurance purposes as well as calculate replacement costs and depreciation on all capital assets for GASB 34 reporting. You have a significant investment of tax dollars in your assets, and the Fixed Asset Inventory module provides sound financial administration for them. |
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With Fixed Asset Inventory you can...
- Generate reports to aid in budget preparation and decision-making
- Sort assets by room, building, or type of equipment
- Quickly process disposal of sold or salvaged assets
- Accurately calculate asset value and reduce insurance risk
- Calculate Accumulated Depreciation
- Post journal entries in General Ledger to eliminate double entry
- Create flexible, user-defined criteria to further customize asset categorization
- Barcode and scan assets to reduce file maintenance and save time
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GASB 34 - we do it all!
The School Accounting Sytem processes and creates all of the reports
that are needed to comply with GASB 34,with the exception of the MD&A report which is the formal, written
report, and the Proprietary Funds Cash Flow report, which will generate without amounts but can be
manually edited and printed. No other software program is needed. In addition, if you
have the FAI module, all journal entries for the depreciation and disposal
of fixed assets are made for you, and in turn, are included on all relevant GASB 34 reports.
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acquisition and depreciation |
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Click images for larger views in a new window. |
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