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As stated before, some indexes use information published by other organizations and a delay in data may be verified (like those provide by the BLS).
Exceptions to this are the ENR construction and the IC indexes, which present relatively current values.
Better still, Sage Fixed Assets—Tracking integrates seamlessly with Sage Fixed Assets—Depreciation, so your information is in a single database—eliminating double entry as well as ensuring your asset data are never out of sync due to departments not sharing information.
Simply put, with automated inventory functionality and built-in reconciliation capabilities, Sage Fixed Assets—Tracking makes keeping track of the items you use to run your organization a whole lot easier.
Whether you’re a business entity, government office or nonprofit organization, you need Sage Fixed Assets—Depreciation.
A cost index is the ratio of the actual price in a time period compared to that in a selected base period (a defined point in time or the average price in a certain year), multiplied by 100.
Sage Fixed Assets—Depreciation also include: the ability to allocate cost and depreciation for an individual asset or group of assets to more than one funding source, decision-making tools to ensure GASB 34/35 compliance, and the ability to create budgetary books for asset budgeting projections.
Easy-to-use “wizards” walk you through every step of the inventory tracking process, helping to eliminate lost or stolen assets and reduce insurance and, if applicable, tax overpayments.
Even the most minute changes in financial and tax rules, including exemptions, can mean the difference between major penalties and major cost savings.
And the detailed administrative tasks required to manage fixed assets effectively can overwhelm an organization of any size.