Appraisal Software Info

Written by Nicholas Kamuda
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In 1999, with the issuing of GASB Statement 34/35, appraisal software information quickly became more important to almost every government office in the country. GASB, the Governmental Accounting Standards Board, issued GASB 34 to give government offices a new framework in which to manage their assets. Under GASB 34, the condition and depreciation of every accountable asset (usually managed with appraisal software information) must be identified and closely monitored.

Under GASB 34, municipal and state governments would develop more comprehensive methods of organizing their assets, allowing more effective decision making and potentially saving taxpayers large amounts of money. Government offices would also be able to produce more effective financial plans. The implication of GASB 34 are necessarily complex; transit systems, water systems, and other public works must be accounted for alongside smaller assets such as office property, hardware, personnel.

Specific Programs and Appraisal Software Information

To accomplish this task, many municipalities turned to appraisal software information systems. Software developers recognized the need for powerful and flexible software and began to integrate asset management software with GIS and accounting programs. By using the programs together, users are able to produce detailed records, make more accurate budget predictions, and centralize important information, providing unhindered inter-departmental access to the condition of all assets.

Asset management software can aid users in identifying and cataloging the condition of their physical assets. With the added function of depreciation tables, offices can instantly estimate the value of many of their assets. Using compatible fund accounting software, users can also automatically enter new assets obtained through Purchase Orders.


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