The HCA Approach

The HCA Approach

We're your integral partner, always available to help. We understand the risks that come along with asset management and how overwhelming it can be. Our goal is to simplify your process and make it easier for you. The HCA approach is how we…
Practical Solutions to Improve Asset Management in Your Institution

Practical Solutions to Improve Asset Management in Your Institution

It’s no secret that capital assets typically represent one of the largest values in your financial statements.  Many higher education institutions are faced with the dilemma of reduced resources and increased compliance demands in numerous…
property classifications

Property Classifications for Asset Management

When it comes to accurately scheduling your property values for insurance, it’s important to classify items correctly. What you may picture as a building or structure may not line up with your policy language. Additionally, some may not be…
capitalize or expense an asset

How to Determine Whether to Capitalize or Expense an Asset

Acquisitions are not always straightforward, making it difficult to decide whether to capitalize or expense an asset. Our staff assists public clients daily with asset capitalization and we frequently encounter scenarios that are not as simple…
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

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…