Parago comes with accurate school asset depreciation calculation report templates! You can easily calculate depreciation with a simple click of a button and share with relevant people. This helps all schools determine procurement forecasting for all capitalised assets – saving you time and money.
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If you’re an academy or MAT, you’re required to provide your accountants and auditors with your school’s asset depreciation value calculations. All state schools are also accountable for the safe keeping and reporting on assets.
How to simplify and save money
While spreadsheets are cheap, schools and trusts using Parago have realised that they can’t afford not to have an Asset & Estate Management Solution. With Parago, schools can easily maintain an accurate fixed asset thanks to school asset depreciation calculation. Here are three steps your school can take to calculate asset depreciation and remain compliant, using Parago…
- Use Parago’ simple icon interface to virtually map, track and manage your assets
This couldn’t be easier thanks to our mobile app barcode scanning technology. Just scan your asset and instantly update your asset information, including location, cost, age and depreciation values.
- Determine your capitalised assets and depreciation values and periods
Parago’s Management Solution will assist with everything from calculating depreciation and allocating cost to monthly and year-end financials. You’ll receive more visibility into your assets, enabling you to simplify financial and operational workflows.
- Analyse future purchases and evidence compliance with automated reports
Simply run your depreciation report to analyse what assets you’ll need in the future, so you can plan your budget wisely. You can also export your report to share with accountants and auditors as and when required.
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If you’d like to find out more about how Parago School Management Solution could benefit your school, please feel free to contact us to discuss further or to book an online demonstration.
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We’re confident that you’ll be impressed by our user friendly software. Book a free demonstration to see how Parago can assist your school or multi academy trust.Book Now
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