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With a significant amount of attention being paid to GASB 34, the tracking of Fixed Assets has become a critical issue for many municipalities.

Fundations offers a number of features in the Fixed Asset module to simplify the process, including

  • Automatic calculation of straight line depreciation and preparation of depreciation entry for either monthly or annual entry.
  • Fully integrated accounts payable module to reduce data entry.
  • Maintenance of:
    • Asset type and description
    • Data of Acquisition and Data of Disposal
    • Asset cost
    • Depreciation
    • Accumulated depreciation
    • Estimated life
    • Salvage value

Other Applications

The following applications are designed to work hand-in-hand with Fixed Assets:

"Fixed Assets" is part of the Fundations line of products, developed by Fundations/Noetic Software.