RFID

RFID VS Traditional Methods

RFID (Radio Frequency Identification) technology is revolutionizing the way assets are tracked and located. If you’re still using traditional methods such as barcode scanning, now is the time to understand the difference that RFID can make…
capitalize acquisitions

Questions to Ask When Determining Whether or Not to Capitalize Acquisitions

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The concept behind capitalization is to spread out the expense of the benefit throughout the duration the benefit is received. The useful life represents the anticipated duration of the benefit the acquisition will provide. However, it’s not…
GASB

What You Need to Know About Being GASB 34/35 Compliant

Audits can be overwhelming, stressful, and expensive. We make it easier by ensuring you have GASB 34/35-compliant, accurate asset data.  What is GASB 34/35 The General Accounting Standards Board (GASB) Statement 34 provides the framework…
asset inventory system

Benefits of Using a Fixed Asset Inventory System

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Fixed asset accounting is often a daunting task. At HCA Asset Management, we have assembled a team of asset accounting experts to create the most user-friendly and flexible asset inventory system available.  Meet HITS (HCA Inventory Tracking…
insurance appraisals

Reduce Your Risk Through Accurate and Impartial Insurance Appraisals

For property insurance to properly mitigate risk, regularly scheduled, onsite insurance appraisals need to become part of your plan. At HCA, we specialize in creating accurate insurance appraisals which are customized to optimize coverage and…
Challenges of Property Appraisals

Challenges of Property Appraisals in the Water and Wastewater Industry

Accurate coverage begins with proper recording and data. However, in the water and wastewater industry, there can be a few challenges with property appraisals.  You can find a full breakdown of this information in our recent contribution…
capital asset records for your university

Capital Asset Records for Your University

Are inaccurate capital asset records costing your university time and money?  Capital assets typically represent one of the largest line items in a university’s balance sheet. Accurate fixed asset records can yield measurable increases…
capital asset management partner

What to Look for in a Capital Asset Management Partner

When it comes to your capital asset management, you need not only the best services around, but also high-quality expertise you can trust. From external audit requirements to financial reporting and the control of fixed assets, you should trust…
to capitalize or not to

To Capitalize or Not to…

The decision to capitalize a purchase rather than expense it is seemingly straightforward. Does the acquisition cost more than your capitalization threshold? Will it provide benefits for more than one accounting period (useful life more than…
asset management reports

Types of Fixed Asset Management Reports and How to Utilize Them

An accurate fixed asset management program relies heavily on accurate data and precise reporting. The best way to use this data is by providing valuable insights into asset utilization. Below you’ll find a few examples of fixed asset management…