Fixed Assets

The Elite Fixed Assets submodule is designed to improve management control over critical fixed assets and can help ensure proper custody and use of assets. By gathering and tracking crucial agency accounting information, the system can assist the user in performing better-cost analysis. For instance, Elite Fixed Assets can track the replacement and market value of each of your agency’s assets. This information is necessary for insurance purposes and for recovery of maximum value after a loss. The Elite Accounting module meets the requirements for the Government Finance Officers Association (GFOA) Certificate of Conformance and will simplify your authority’s implementation of GASB 34 requirements in the future.