Zombie assets are the opposite of ghost assets. These are fixed assets that your school district owns, and may be actively using, but do not appear in your fixed asset records. We’ll discuss how you end up with zombie assets, how to avoid them, and… Read More »Zombie Assets: What They Are and How to Avoid Them
When you start to plan for a school fixed asset physical inventory, there are a variety of different factors to consider. What items should be included? What information should the list include? How do I know if an item qualifies for tracking? We’ve outlined here… Read More »What Items Should Be Included in a school Fixed Asset Inventory?
Have you ever wondered what the GASB is? The GASB is a government organization that sets standards for accounting and financial reporting for some public sector agencies. One of those standards is GASB 34. This standard ensures state and local governments maintain their capital assets… Read More »GASB 34: What You Need to Know to Stay Compliant with Your Capital Assets
Schools, colleges, and universities are always looking for ways to save time and money. But when it comes to fixed asset inventory audits
School fixed asset audits are a key tool in the school finance department’s toolbox. A wall-to-wall fixed asset audit will allow the school district to take stock of
However, with such significant budgets, it is imperative that public school
