Paragon International, Inc. is a professional appraisal and consulting firm headquartered in northwest suburban Chicago. We serve clients through a worldwide network of professionals averaging over twenty years experience in asset valuation and management consulting. Paragon clients range from small businesses to Fortune 500 corporations, representing a wide spectrum of manufacturing, commercial, and service industries.

GASB 34/35 Software & Services

Q: What are the compliance issues GASB Statement 34 & 35?

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. Local governments entities, school districts, colleges and other public sector organizations must change accounting practices and comply with these guidelines.

Q: How does this effect the management and reporting of fixed assets?

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.

Examples of fixed capital assets are:

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 Sage FAS Fixed Asset Software instead of a spreadsheet?

Sage 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 bar-code reader functionality, Sage FAS enables superior control of assets without sacrificing accuracy or control. Multiple depreciation choices are built right into the software. No programming is required!

Sage FAS^gov provides relief from the difficulties associated with GASB Statement 34/35 compliance. With Sage 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 Systems is a consulting firm providing fixed asset accounting software, asset inventory and cost reconciliation, asset bar coding, and appraisal services through it’s various divisions. We specialized in helping organizations enhance their fixed asset management.

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