DataTeam Fixed Asset Inventory2 (FAI2) is available in two versions to meet your requirements: FAI2 and FAI2 + GASB. They share the same exact features described below except that the FAI2 + GASB also includes depreciation and GASB 34 reporting. What's even better-the upgrade from classic FAI to FAI2 comes at no charge! There is a charge to upgrade to FAI2 +GASB but as you'll see below- you'll only want to do that if you need depreciation and the specialized GASB 34 reporting.
• Who has the new projector? • Do you remember when we bought that hard disk drive in Sally's computer? • Do you remember if this printer is on a service contract? • Did we put all of the kitchen equipment on the insurance listing? • How are we going to meet those new GASB 34 guidelines?
Fixed Asset Inventory2 combines the latest advancements in technology in an easy-to-use package. FAI2is user-friendly, offering many useful standard reports, as well as allowing for customization. Let's suppose you want a report on all of the computer equipment, bought from Local Computer Store in the last two years that is not under a service contract. With FAI2, you quickly and easily decide what's in your report.

“. . GASB Statement No. 34, [is] arguably the most significant change in the history of governmental accounting. It is a dramatic change in the way that school districts must report and present financial information. The new reporting model affects every school organization that issues financial statements in conformity with Generally Accepted Accounting Principles (GAAP).”

--ASBO International

Fixed Asset Inventory² + GASB is specifically designed to meet the GASB 34 reporting requirements. It provides the depreciation expense and accumulated depreciation, allocated to various programs based on where the asset is used, and other related information required by your auditor to meet your reporting guidelines. FAI² + GASB significantly shortens the work required to meet the GASB 34 requirements!  To learn more about implementing GASB 34 in a school district, DataTeam recommends a book published by ASBO International. 

Order it directly from ASBO

Virtually every field is "user definable" in FAI2, but we provide a standard set to get you up and running quickly. If you want a different classification for your assets, just change it! You can choose now to not use a field (like asset identification number) and implement it at a later date. No problem, you're in control.