Partner with us to Ensure Regulatory Compliance and Maintain Proper Stewardship of Assets
Whether it be for accounting compliance, loss control, or proper stewardship of assets, tracking and accounting for fixed assets can be a challenge. AssetWorks has unparalleled capabilities and expertise to support entities in meeting the financial reporting requirements of GASB, OMB, GAAP, State standards, and external auditors. By inventorying capital assets and tagging equipment with barcodes, AssetWorks implements fixed asset systems to maintain proper stewardship of assets now and into the future.
On-site inventory services establish accurate capital asset records including useful life and depreciation.
Supportable original cost, replacement cost, and actual cash value can be calculated for all capital assets.
Reports for property accounting and tracking can be created to meet the needs of your organization and its auditors.
Keep asset records up-to-date and streamline internal procedures with solutions for asset and inventory management. Keep records compliant and while having your reports at your fingertips.
From depreciation to disposals, this quick guide is intended to serve as an introduction to the financial reporting requirements of GASB 34.
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