Asset Valuation overview

Infor Public Sector Asset Valuation keeps an accurate and detailed record of the value of every asset in your inventory, including changes in the asset's value over time due to depreciation, revaluation, or expenditures.

This information helps you bring your organization into compliance with accounting regulations such as AAS27 or GASB 34 that require municipalities to track the current value of all their assets.

You can set up a separate valuation record for each asset in your inventory by entering the asset's acquisition date, its initial cost, and additional valuation information such as its expected life and the residual value it will have at the end of its life. You can then calculate depreciations or revaluations for your assets through a specified date, giving an accurate assessment of their current value.

Asset Valuation offers multiple different methods of calculating depreciations and revaluations, and you can set up multiple valuation records for the same assets, using different depreciation and revaluation methods for each one. Infor Public Sector also records journal entries for all asset valuation transactions, which can then be exported to an agency's general ledger.