asset management for government

Asset Management for Government Entities

When it comes to asset management for government entities, we have extensive experience. Better data means better outcomes for your public entity, and we’re here to get you exactly that.    According to GFOA (Government Finance…
capitalization issues

Common Capitalization Issues with Buildings, Building Improvements, and Infrastructure

Acquisitions are not always black and white, and it can be tough to determine when to capitalize and how much to capitalize. However, the asset classes in which we most commonly encounter capitalization issues are buildings, building improvements,…
fixed asset inventory

Centralized, Decentralized, and Outsourced Fixed Asset Inventory – How to Tell Which is Right for Your Organization

The periodic fixed asset inventory process can be one of the hardest requirements to complete for an organization. As resources become increasingly more limited, it is critical to understand the inherent benefits and challenges of each so you…
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…
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…
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…
spreadsheets for asset management

The Risks of Using Spreadsheets for Fixed Asset Management

“Do-it-yourself” asset management using just a spreadsheet—sounds easy enough, doesn’t it? While it may be tempting, there are many risks of using spreadsheets for asset management. Here are some of the largest: A spreadsheet is prone…