News & Views

Fixed Asset Accounting Records from Acquisition or Disposal

 Tuesday, 23 December 2014 Tuesday, 23 December 2014 22:19

Between the acquisition and disposal of an asset, fixed asset accounting takes certain key points of an asset’s life into consideration. Firstly, the initial recordation occurs when an asset is acquired, whether leased or purchased; there are a number of considerations to take into account befo...

Fixed Asset Software for Capital and Operating Leases

 Wednesday, 17 December 2014 Wednesday, 17 December 2014 17:20

Across the board, both large and small entities have found leasing fixed assets to be a viable alternative to purchasing them. Leasing an asset is much easier than purchasing outright, and leasing fixed assets is a popular choice among entities that do not want to tie up capital in fixed assets o...

The City of Florence, Kentucky Selects Asset4000 and RFID4000

 Wednesday, 17 December 2014 Wednesday, 17 December 2014 17:00

The City of Florence, Kentucky is home to almost 30,000 residents and more than 2,500 businesses, large and small, within the healthcare, manufacturing, and retail sectors. The city is bordered by I-75/71, I-275, and the Greater Cincinnati/Northern Kentucky International Airport making it an idea...

How to rebuild a fixed asset register with ghost and zombie assets

 Friday, 07 November 2014 Friday, 07 November 2014 17:51

Many controllers and auditors are reluctant to take physical inventory as they know they will need to face numerous unreconciled items. The fact is that about 10-15% of the assets on the books are not there (ghost assets) and a significant amount of assets physically there cannot be identified on...

The Pros of Professionally-Printed Barcodes

 Tuesday, 21 October 2014 Tuesday, 21 October 2014 20:57

Tracking a large number of fixed assets across multiple locations is a significant challenge for companies and barcode-tracking technology can help to transform this process. With barcode-tracking technology, fixed asset audits can be managed with speed and accuracy but the quality of the barcode...

Five Ways to Prepare for New Lease Accounting Rules

 Monday, 13 October 2014 Monday, 13 October 2014 16:02

As two of the accounting world's major governing bodies—the FASB and the IASB—converge, they're scrutinizing how businesses track lease expenses. Under existing accounting standards, a majority of leases are not reported on a lessee's balance sheet. The amounts involved can be substantial, as...