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Fixed Assets

Fixed Assets software was specifically designed with GASB34 in mind. While the system is not the answer to compliance with GASB34 and its requirements, the system sets the stage for the depreciation tracking and reporting as required by GASB34.

The program tracks assets by a wide range of criteria including, but not limited to, an asset's fund, department, category, class, location, and custodian. It provides complete purchase information concerning an asset's vendor, requisition number, check number, grant number, and more. The software even allows you to track warranty and insurance information about each asset.

Users can set one amount for asset tracking and a separate amount for asset depreciation. An interface can be established with LGC's Purchasing system to allow flagging assets for entry into the Fixed Asset software. Asset depreciation is posted to the appropriate general ledger fund and account, while look-up features make accessing needed information quick and easy.

The following are all standard features included with LGC's basic Fixed Assets package:

  • Interface Fixed Assets with LGC's General Ledger and Purchasing systems
  • Print and scan bar-coded asset labels
  • Use a mouse or a keyboard to navigate the program
  • Use a laser or a dot-matrix printer to print reports