Sage MIP Fund Accounting

Fund Accounting: Select a module Accounts Payable Accounts Receivable Advanced Security Allocations Management Bank Reconciliation Budget Data Consolidation Data Import/Export Direct Deposit Electronic Funds Transfer Electronic Requisitions Encumbrances Fixed Assets Forms Designer GASB General Ledger Grant Administration Inventory Control Multicurrency Payroll Purchase Orders Sales Order Entry Scheduler Visual Analyzer

GASB 34 Module

The GASB Module includes all the tools you need to easily produce Governmental Accounting Standards Board-34 required reports, plus accomplish the difficult task of producing the complex, intricately formatted GASB-compliant Government Wide Statement of Activities. With the powerful, easy-to-use report writer you can also create and produce all necessary GASB-required statements up to highest accounting standards.

The GASB Module will allow you to:

• Report fixed assets in the Government-wide Statement of Net Assets
• Report depreciation on capital and infrastructure assets
• Divide net assets into different categories for convenient financial reporting
• Report depreciation expenses in the Statement of Activities

The GASB Module will assist in the major change to traditional government financial reporting and accounting standards, which require all government entities, such as colleges, school districts, local government entities, and other public sector organizations, to perform accrual accounting of fixed assets in an accurate, complete, and detailed manner.

The GASB 34 module is fully integrated with other Sage MIP Fund Accounting modules.

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