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Fixed asset management is a practice of continuously managing all of the company’s assets, whether tangible or intangible. More and more often, this management of fixed assets also involves monitoring accounting depreciation over time.
In an increasingly complex national and international regulatory framework, this is indeed a major regulatory issue.
Fixed asset management is a systematic and coordinated activity of the organization, aimed at the optimal management of physical assets and their modes of operation, risks, and costs throughout the entire life cycle to achieve and fulfil the strategic plans of the organization.
The advantage of such management with the experts of CAC is the reduction in the cost of maintenance, repairs, and material and technical supply, without compromising the level of reliability. Or, conversely, an increase in the production parameters of equipment without increasing the cost of it.
In addition to the accounting standards, there is the need to clarify the company’s accounts to facilitate controls and audits. It is also important to note that the balance sheet of the company engages the responsibility of the auditor but also the directors of the company.
It is therefore essential:
- Not only to have an exact and reliable view of the company’s assets at the time of the balance sheet,
- But also to have a permanent follow-up of the various fixed assets, and their book value through the follow-up of depreciation, to deal with any eventuality, in particular a legal or fiscal obligation.
Asset management as a potential profitability lever
If the management of fixed assets is in itself a constraint for the company, it is also a potential profitability lever that should not be neglected. It is therefore advisable to see the management of fixed assets from this dual angle of regulatory constraint and profitability.
Precise knowledge of the company’s assets and monitoring of the book value of fixed assets, compared to their market value in particular, thus enables:
- To better manage the disposals of fixed assets,
- And therefore to deal with obsolescence of the production tool,
- While generating any capital gains on the disposal of fixed assets.
Secure the management of your fixed assets with CAC
Faced with such challenges, it is essential to ensure that the situation of its fixed assets is not only known at the time of the balance sheet but also continuously monitored throughout the year.
Calling on an external service provider for this task avoids any potential error. This also makes it possible not to divert its human resources from its main tasks and therefore not to slow down production, while offering greater transparency in the accounting management of the company.
CAC is the specialist in the management of fixed assets, for all sectors of activity and all companies. Its teams, therefore, work directly with their customers to carry out inventories and set up the various tools for good management of fixed assets, with the utmost respect for business secrecy.