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With finance departments and CEOs or CFOs being held personally accountable under the ever-stringent requirements of Sarbanes-Oxley (Sarbox) in particular, the need for an asset tracking system has never been greater for US companies. Penalties built into Sarbox can be severe for non-compliance, false declarations and other violations.Failures in fixed asset accounting can easily contribute to potential violations of Sarbox, under/overestimating the value of fixed assets or the incorrect application of depreciation rules.

For many US accounting departments, fixed asset software consists of the good ole’ spreadsheet. continue reading »

Spreadsheets – they’re quite rightly the first port of call when trying to record any data in a simple, tabular form. Even though they don’t come will all the feature we would want plus they can be annoying to use, we still force ourselfs to use them. No doubt this is because they come free with our operating systems and the majority of people prefer to put up with a free one instead of buying a new one. continue reading »

Spreadsheets – they’re quite rightly the first port of call when trying to record any data in a simple, tabular form. Even though they don’t come will all the feature we would want plus they can be annoying to use, we still force ourselfs to use them. No doubt this is because they come free with our operating systems and the majority of people prefer to put up with a free one instead of buying a new one. continue reading »