Articles

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GASB 87

June 27, 2023

GASB 87 is here! Are you ready for it? The implementation of tracking leases and their liabilities are here. What does that mean for you, and how does it affect your current work? Gone are the days of asking. “Is…

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New Engagements vs Re-Inventories

April 27, 2023

One of the more prevalent questions we get asked by our first-year clients is what will happen after we complete fixed asset reports for them. More specifically, they want to know if the service provided is a one-time endeavor, and…

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Rescan vs Update

April 10, 2023

We offer two main services for our existing clients in order be GASB34 compliant. 2. Update: Update is a service we offer where we update the existing database from previous fiscal year with all the information the client provided us…

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Accounting vs Insurance 

February 24, 2023

Most of you know by now that ACS Pro offers fixed asset inventory services. However, you may not be sure what the benefit of those services may be for your entity. While the advantages and utility of having a fixed…

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Facility Workers

February 6, 2023

Who is your go-to when the correct information is needed? Often officials are showered with a bevy of daily operations that make their business run. School officials are worried about bus schedules, and lunch programs, while town officials worry about…

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Disposals

January 26, 2023

It is important to track all new capital assets as well as disposals. We ask clients to track anything that is being replaced or thrown out that meets the client threshold. A common example that we see frequently is an…

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ACS Pro

The Benefits of Physical & Fixed Asset Management

July 26, 2022

In a world where organizations are always looking for new and innovative ways to stay ahead of the competition, it’s important to consider all aspects of your company that could be improved. One area that is often overlooked is asset…

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ACS Pro

The Importance of Fixed Asset Inventories

July 26, 2022

Implementing a fixed asset inventory solution is vital for organizations for many reasons. A proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost and zombie assets,” and help an organization recover after…

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ACS Pro

Mastering Your Fixed Assets: Comprehensive Fixed Asset Lifecycle Planning

July 26, 2022

The process of managing a fixed asset begins before the asset is acquired. Companies and their fixed asset managers need to think about the entire fixed asset lifecycle – from acquisition to transfer and ultimately disposal. Unfortunately, that isn’t always…

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ACS Pro

What Is Fixed Asset Depreciation?

July 26, 2022

Fixed assets are company assets that have an expected useful life of more than one year, such as buildings, office equipment, or machinery. Over time, these items depreciate in value until they have been reduced to their minimum resale value…

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