GASB 34/35 Software & Services

A: Governmental Accounting Standards Board Statements 34 & 35, represent a significant change to traditional government financial reporting standards. For the first time, accrual accounting is required for all government entities. During the next four years, local governments entities, school districts, colleges and other public sector organizations must change accounting practices.

A: These organizations are now required to maintain their fixed assets In a complete, accurate, and detailed manner. The cost of capitalized fixed assets is reported through depreciation over their useful life.

• Office Equipment & Furniture

• Machinery and Production Equipment

• Vehicles and Accessories

• Buildings

• Land and Easements

• Infrastructure such as roads, bridges, public works and lighting

Q: Why should I choose Paragon Systems to assist my organization with compliance to these regulations?

A: Paragon Systems is a professional consulting firm that specializes in providing a total solution to fixed asset management, tracking and reporting. We are an authorized business partner for the #1 fixed asset management software in the industry, and offer a turnkey approach to execution. 

We provide the following:

Implementation plan: provide an expert guide to compliance

Dedicated software: interfaces directly with your accounting system

Physical inventory: perform a detailed and accurate verification of your assets

Bar code application: easily and accurately verify your inventory with an electronic link to your software database

Asset appraisals: establish replacement costs and market value of assets without researching old or misplaced invoices

Detailed cost reconciliation: integration of actual inventory figures with your existing records

Procedures guide and training: provide a manual for ongoing management of fixed assets customized for your organization

Our complete fixed asset software and bar coded inventory solution will ensure compliance with GASB 34 & 35 for your organization. 

Q: Why use Fixed Asset Software instead of a spreadsheet?

FAS solutions - the top Fixed Asset Management software in the industry - offers an affordable, comprehensive and easy-to-use solution that streamlines fixed asset management. Encompassing a wide variety of Microsoft and bar-code reader functionality, FAS enables superior control of assets without sacrificing accuracy or control.  Multiple depreciation choices are built right into the software.  No programming is required!

FAS^gov provides relief from the difficulties associated with GASB Statement 34/35 compliance.  With FAS^gov—the # 1 fixed asset management solution in the marketplace—you'll quickly discover how easy it is to gain complete control over your fixed assets.

Paragon International, Inc., is a worldwide consulting firm providing capital allowance studies, Tax Engineering™, Cost Segregation, fixed asset accounting software, asset inventory and cost reconciliation, asset bar coding, occupancy cost reduction, valuation, and appraisal services through it’s various divisions. All services of the firm are designed to maximize client tax and cash flow benefits.