Apta Software - AptaFund - Capital Assets

Centrally manage and track capital assets with the GASB 34 compliant AptaFund Capital Assets module. Easily view the items that make up an asset, the accumulated depreciated and the inventory history. Assets can be depreciated and asset items can be split, transferred, moved, and disposed. Journal entries for depreciation are recorded in a tracking fund for easy preparation of GASB 34 financial statements. Users may also enter inventory items that can be tracked in the system but not depreciated.

The entry of historical assets is fully supported and a complete history is maintained throughout the life of an asset even when attributes change across fiscal years. For example, if the account code structure changes from one year to the next, AptaFund stores account codes with the asset in order to identify the originating funds.

Integration with the Purchasing, Receiving, and Accounts Payable modules allows you to create assets when purchased and generate customized asset tags when received. Received assets appear automatically in the Asset Management screen and can be accepted in the system once the vendor invoice has been paid. Detailed reports for valuation depreciation forecasting, insurance values, and property tax information are also provided.