+fai

Fixed Asset Inventory

Fixed Asset Inventory

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.

As with any of our add-on modules to the School Accounting System, you receive a 30-day free trial period after activation to make sure the module will be a good fit for your school.

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 expedite your annual inventory or use the integrated Web Link module to hold district staff accountable for their room inventory.

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.

Depreciation

Scanner Processing

Room Inventory

Contact Us

Please complete this form to request a demo or more information on our Fixed Asset Inventory (+fai) module. We will respond to you within 24 business hours. Thank you.

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