Laserfiche WebLink
29 HB Fiscal Polices fi Procedures <br /> 4. Enter asset information into the Fixed Asset Tracker and <br /> share with Finance. The fixed asset tracker should <br /> contain the following information: <br /> • Name and description of asset <br /> • Estimated useful life <br /> Tag number X <br /> • Serial number, model, or other identification <br /> • Vendor name, acquisition date, and cost <br /> Location and condition of asset <br /> • Disposition data, including date of disposition <br /> 5. Enter asset information into the Fixed Asset Depreciation X <br /> Schedule. <br /> b. Track depreciation of assets and adjust amounts in X <br /> accounting system on a monthly basis. <br /> 7. Complete physical inventory of capital assets and X X <br /> reconcile to fixed asset inventor (annually). <br /> 7III r • a � <br /> Prepareand submit Asset Disposal Form to Finance, including:ription of asset <br /> on for disposal approves X <br /> • Method of disposal <br /> 2. Dispose of the asset through retirement or sale. X <br /> 3. Remove asset from fixed asset tracker. X <br /> 4. Forward approved Asset Disposal form and retirement or sale Receive X <br /> information to Finance. <br /> 5. Remove asset from fixed asset depreciation schedule and make X <br /> appropriate adjustments to asset accounts in the accounting system. <br /> Last updated September 2022 <br />