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  The Asset Test

Use the following test to assess your needs for Asset Management

How many assets do you manage?
1,000 or less 1000 to 5,000 5,000 to 10,000 10,000 or more
 
Do you assign assets to individual employees or cost centers?
No Sometimes Yes
 
Do your assets move regularly within or between facilities?
No Sometimes Yes
 
Do you reuse existing assets as they become available?
No Sometimes Yes
 
Is significant time spent searching for assets to reuse or perform routine maintenance?
No Sometimes Yes
 
When was the last occasion that actual assets were reconciled to financial asset ledgers?
1 - 3 years ago 2 - 5 years ago more than 5 years ago Never
 
Are you covered by compliance regulations? (GASB 34, Sarbanes-Oxley, Federal Regs, etc)
No Yes
 
How do you track the whereabouts of your assets?
Not tracked Manually Spreadsheet Home grown system
Purchased system
 
How do you maintain fixed asset accounting records?
Not tracked Manually Spreadsheet Home grown system
Purchased system
 
Are your assets tagged?
No Yes, without bar codes Yes, with bar codes
 
Do you pay personal property taxes in multiple jurisdictions?
No Yes
 
How many departments track assets?
None 1 2 - 3 4 or more
 



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