White Papers

Best Practices for Fixed Asset Managers

• Sound fixed asset management can yield substantial tax savings in depreciation deductions. Conversely, sub-optimal fixed asset practices can threaten the accuracy of financial reports and negatively impact your bottom line. Establishing the highest standards of depreciation accuracy and best practices in fixed asset management will help you to seek out potential savings in your fixed asset base and show you how to save time in the process.

Economic Stimulus Act

• With the return of bonus depreciation benefits, nearly double the Section 179 expensing limits, and increased investment limits, ths year’s Economic Stimulus Act is expected to encourage more businesses to accelerate capital investments into their 2008 budgets allowing them (and our economy) to keep growing into the future. Learn how this Act impacts your business and can make fixed asset purchases in 2008 an economically sound decisio

Fixed Asset Inventory

• Implementing a fixed asset inventory solution is vital for businesses for many reasons. A proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost assets,” and help an organization recover after a natural disaster. This white paper will help you learn about best practices for fixed asset management and suggest tips for implementing a successful inventory process.

Fixed Asset Manager's Guide to Sarbanes-Oxely Compliance

• In 2002, Congress passed regulations designed to improve corporate governance of public corporations and reduce fraudulent corporate financial reporting. The Sarbanes-Oxley Act places new burdens on corporations and imposes strict penalties for non-compliance. Compiling an accurate financial picture of a company necessitates accurate fixed asset records as well as compliance with applicable requirements for acquiring, depreciating and disposing of assets.

The Cost of Spreadsheets

• While spreadsheets are used by companies for a wide range of tasks, studies have shown that a majority of companies continue to use spreadsheets for financial tracking and reporting. The negative aspects of spreadsheets, when it comes to tracking and depreciating fixed assets are substantial. They include the manual creation of formulas, lack of audit trails, security concerns, and the potential for fraud, to name a few.

The Value of Sage FAS Training

• A survey conducted by Sage Software evaluated the value and effectiveness of the Sage FAS training offerings. These classes cover a broad range of topics designed to offer something for everyone, from new to very experienced Sage FAS Fixed Assets users. According to the survey, trainees derived many benefits from the courses—everything from learning basic system functionality to saving time and money on important processes.