Tag: Fixed Asset Management System

Over time, your business will experience ups and downs and developments. Especially if your business has been running for many years. This of course has an impact on the value of assets related to the business you are in. For this reason, it is necessary to evaluate the fixed assets owned by the company or…

Fixed assets are an accounting item. It is a term for the things that are invested in to run a business. It can be anything from a car to office furniture or a patent. In order for an asset to be described as a fixed asset, it must have an expected useful life of more…

Assets are mandatory things that must be taken into account, both by individuals and by companies. Why is that? Because assets are a measure of the level of wealth owned by a person or an institution. Then, what if the assets themselves cannot be coordinated properly, so that their use does not reach the optimal…

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…

A fixed asset is an asset generating a lasting economic benefit for the company. The fixed assets appear in the company’s balance sheet. Each asset represents a heritage value, which can, however, be isolated from the activity. As a result, it can be reliably assessed at any point in its life cycle. Knowing the exact…

.The process of physical inventory is to count the inventory one by one to record the available inventory. Correct goods management can help avoid shortages or excess goods (often referred to as overstock). Since this is a manual process, it can be very laborious. A large part of the warehouse staff is involved in this…