What do you know about your fixed assets?
Did you know that you’re accountable for knowing the status and value of ALL of your organization’s fixed assets, including buildings, machinery, computers and other technology, electronic equipment, office furniture, and more? It doesn’t matter who you’re reporting to, either – senior management, executive boards, a government agency like the IRS, auditors, or donors – it is your responsibility to accurately track each of your fixed assets through their varied lifecycles and correctly report them.
Does that seem daunting? Let Sage Fixed Assets help.
Do you have tax anxiety?
Business acronyms for regulatory forms, laws, and agencies are numerous and sometimes confusing: IRS, IFRS, GAAP, SOX, GASB, CCA, T2S8, etc. What you can’t afford to be confused about is your compliance – even the smallest interpretation error in tax rules can mean the difference between major penalties and major cost savings. To avoid making errors, you must keep track of the current rules while simultaneously being aware of and instituting new rules.
Does that seem daunting? Let Sage Fixed Assets help.
Do you worry about theft and insurance?
If you came home from vacation and found that your home had been burglarized, you wouldn’t just shrug and say, “Oh well, that’s too bad.” Instead, you’d be collecting all your receipts, credit card statements, and photos so you could make an insurance claim. These are things you should be doing for your business as well – keeping accurate tabs on all your items so that if something happens, like a theft, you can easily and confidently make an accurate insurance claim.
Does that seem daunting? Let Sage Fixed Assets help.
Do you feel like you have invoices everywhere?
Fixed assets don’t just happen – they have to be built. Consider it construction: projects are always being accumulated, built, upgraded, and/or renovated prior to being put in service. This process includes multi-component equipment, machinery upgrades, and building renovations. To effectively manage your fixed assets and their construction, you have to keep track of all the components – like invoices – related to building them.
Does that seem daunting? Let Sage Fixed Assets help.
The bottom line is . . . Sage Fixed Assets can help.
Sage Fixed Assets solutions has been the trusted industry leader for more than 30 years, providing comprehensive depreciation calculations, complete asset inventory tracking and reconciliation, full construction-in-progress management, and easy customized reporting. Sage Fixed Assets also takes the worry out of tax compliance by automatically tracking recent and pending tax legislation and updating accordingly. With Sage Fixed Assets, you’ll be able to effectively and confidently manage every step of the fixed asset lifecycle – from acquisition to disposal.
Contact Oates & Company and let us help Sage Fixed Assets help you.
