Fixed Asset Management Solutions

Our Unique Approach to Helping Companies Save Money

The proper and accurate management of fixed assets is not only a necessity in today’s business environment, it’s the only way to ensure a company’s books and tax records are in compliance with required accounting standards. It’s also the only way to ensure that those records are accurately maintained.

Now, we’re taking fixed asset management to a whole new level – one that will enable a company to dramatically cut costs, increase cash flow, improve efficiencies, and share critical data across departments so everyone works smarter and more effectively.

Using Barcode Technology to Streamline Efficiencies and Share Data

Too often we have encountered companies whose departments work independently and do not share critical fixed asset data across departments. What if departments were able to work together and share fixed asset data? What if the fixed asset ledger was continuously and accurately updated each time maintenance was performed on a fixed asset?

General Financial Fixed Asset Management Solutions, a division of General Financial and Tax Consulting, provides a customized software solution that links together fixed asset inventory and Fixed Asset Tracking Software and Process, and enables the maintenance and finance departments to share information so all assets are correctly updated on the books.

In simple terms, our system is based on specialized tagging of assets that utilizes two-dimensional barcodes containing data that can be used by both the finance and maintenance departments. When the maintenance department services an asset, replaces components, performs upgrades, or takes an asset offline, the barcode tag is scanned and the asset information in the maintenance system is updated. Our system then reconciles the maintenance data to the fixed asset ledger.

How You Can Benefit

Our comprehensive Fixed Asset Management Solutions enable departments within a company to share critical data in order to be more accurate, efficient, and cost-effective. Other benefits include:

• Accurate, up-to-date asset information continuously updated on the fixed asset ledger
• Correct asset information reconciled with the company’s federal tax return, each state tax return, and all real and personal property tax returns
• Detailed and verifiable documentation available for each and every asset in the event of an audit or insurance claim
• More streamlined and efficient maintenance processes through the use of barcode tagging and scanning technologies
• Reduced federal, state, local, real, and personal property taxes

Our project team specializes in complex properties found in the following industries:

• Automotive
• Banking
• Food
• Healthcare
• Manufacturing
• Mining
• Petrochemical
• Pharmaceutical
• Retail
• Textiles

Get Started

Whether you are ready to get started or have additional questions, the first step is to contact GFTC. We want to hear your questions and explain how we can work with you. Many of our clients have similar questions, and you may be able to benefit from their experience. Start by filling out and submitting the contact form on this web site. If you would like additional information, have more questions, or want to discuss your situation, call us at (800) 733-5252 ext. 7022.