Fixed Asset and Tax Management Solutions
GFTC’s 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 and that accurate tax returns
are filed.
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 and Tax Consulting provides a customized software solution that
links together fixed asset inventory and
fixed asset maintenance, 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
GFTC’s comprehensive fixed asset and tax 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
Other Services
In addition to our fixed asset and tax management solutions, we offer a variety
of other asset, real and personal property tax consulting and other services that
are designed to help companies reduce taxes, cut costs, increase cash flow, and
become more efficient: These include:
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. 7000.
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