Press Release: Fixed Asset Outsourcing

New Fixed Asset Management Outsourcing Service Launches

Fixed Asset Consulting, LLC (http://www.fixedassetconsulting.com) launches new outsourced service for companies that lack the in-house resources or expertise to navigate complexities of fixed asset management.

EUGENE, OREGON – December 3, 2012 – Fixed Asset Consulting, LLC, a specialized consulting firm led by noted Fixed Asset Management expert Angie Bolton-Lyons, has announced the launch of its new Fixed Asset Outsourcing service. The new offering solves accounting and compliance concerns for companies who lack the in-house resources or expertise to navigate the complexities of Fixed Asset management.

According to Bolton-Lyons, the new fixed asset outsourcing service fills a huge gap in an underserved market. “There aren’t many fixed asset outsourcing options out there and even fewer with the level of experience that we offer. At a recent tax accounting conference, every CFO I spoke with said the same thing about their fixed asset management process: it’s a mess.”

After providing fixed asset consulting and technology solutions for nearly 20 years, Bolton-Lyons notes that for some companies, knowing how to manage fixed assets isn’t enough.  She says, “Many of our clients also need someone to take control of and ‘own’ the process itself – reconciling assets, creating depreciation calculations and journal entries, and generating reports for state and federal requirements.  That’s where the new outsourcing service comes in.”

The new Fixed Asset Management Outsourcing service begins with cleaning up and organizing existing fixed asset data, followed by:

  • Generate depreciation schedules and fixed asset registers
  • Generate reports for book, state, and tax purposes
  • Create journal entries for general ledger postings and reconcile back to financials
  • Provide tools and processes for tracking new fixed assets and disposals moving forward
  • Provide year-end audit support including Form 4562 and other documentation for tax purposes

The most convincing argument for outsourcing fixed asset management goes beyond compliance or convenience. Bolton-Lyons also points out that the ROI is tremendous. “When clients see how much time and money we help them save, they’re convinced.  In most cases, we’re able to accelerate deductions and generate more allowable expenses, all while reducing their administrative overhead. They also appreciate the peace of mind that comes from knowing their fixed asset accounting is accurate and compliant with current tax code.”

Fixed asset outsourcing is available on a monthly or quarterly basis and starts as low as $89 per month depending on the number of assets to be managed.  Bolton-Lyons says, “We’ve set a low barrier to entry and are providing businesses with an option they may not have considered or even known about. You can simply go on with your daily business activities and still get the benefit of expert fixed asset management at a price that’s extremely affordable.”

Go online to http://www.FixedAssetConsulting.com to learn more about the company or their new fixed asset management outsourcing service.

About Fixed Asset Consulting, LLC

Offices located in Eugene and Portland, Oregon as well as San Diego, California.  Providing fixed asset management solutions, such as the Sage Fixed Asset product lines, training, data conversions, physical asset inventories, fixed asset management outsourcing services, and a wide array of additional fixed asset consulting services for almost 20 years.  Serving small, mid-sized to large Fortune 100 companies all over the United States and other countries when necessary.

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Time is Money. Things to Ponder Before Creating an In-house Fixed Asset System

Even when you don’t have a real budget for an automated fixed asset system and you STILL want to get rid of your spreadsheet approach – careful, you may actually be spending more money developing an in-house solution than you think.

These days we often hear, “we just can’t justify spending more than $2,000 on a fixed asset solution”.  This is after they have already told us they are tired of their spreadsheets, etc.  What they may not think about is calculating all the costs associated in actually developing their own, in-house fixed asset system. 

Things to think about before developing your own in-house fixed asset system:

  • Who will be creating/developing the new system? 
  • Are they in-tune to ‘real’ fixed asset management and everything that needs to be included in the in-house system?
  • Who will be involved in the creation?  Not just IT needs to be involved, but accounting, maybe facilities, etc. 
  • What will your new in-house system be created in?  Will it be a stable environment?
  • Who will update your new in-house system when new requirements are adopted or arise?
  • Will the person who will be developing your new system going to ‘own’ it and ‘support it’?  If so, for how long? 
  • How much time and resources will actually be allocated to development?
  • Be honest here… is their time to develop your in-house system properly – on time and on budget?

Remember when developing your own in-house fixed asset system: who is going to support it when the person who developed it is gone?  Turn over happens!  And don’t forget the most important… Time is money and money is time!  At the end of the day, it could end up costing your organization or business more than just a couple thousand dollars!

It may be that finding $2,000 or more in your budget to invest in a solid, supported automated fixed asset solution may be a stretch, but remember the things I mentioned above.  YOUR answers may bring you your true return on investment (ROI).  Besides, a fixed asset solution and any service you may need (implementation and training), is either an expensed or capitalized asset!  So… it’s pretty much free; your time or your employees time however, is not!  Go figure…..

Feel free to call me (877) 824-6834 or shoot me an email to chat about your fixed asset needs.

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