Property Record Outsourcing Services

Inaccurate fixed asset records can cause serious problems for an organization, leading to imprecise financial accounting ledgers and unreliable values for insurance placement. American Appraisal’s E-PRAIS® Property Record Outsourcing Services assist clients with the maintenance and perpetuation of complete and accurate fixed asset accounting records for accounting and insurance purposes. We prepare:

• Updated fixed asset accounting ledgers, which include current-year and accumulated depreciation calculations, current-year additions and disposals, and rollforward analyses by account
• Replacement cost valuations for insurance placement and risk management

Our consultants visit businesses to compile current-year fixed asset activity data by account. We then prepare an updated property record. Alternately, clients supply current-year capital asset activity (additions, disposals and retirements), which we use to prepare the updated property record. In addition, we perform annual trend analyses to update replacement cost data based on an appropriate cost trend factor.

Reports provided for our property record outsourcing services can include the following:

The above reports are accompanied by either a fixed asset accounting report or a summary appraisal report describing the procedures followed and providing the results of the analyses.

Why American Appraisal?
American Appraisal’s dedicated fixed asset consultants operate from offices throughout Europe, Asia-Pacific, and North and South America. Each year, we provide property record outsourcing services for hundreds of public- and private-sector clients. Our proprietary E-PRAIS® system’s policies, procedures and operating effectiveness are audited for SSAE 16 compliance.