Introduction to Fixed Assets Management

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Introduction to Fixed Assets Management

There are obvious advantages for the implementation and maintenance of record and control of the assets. You can get a savings of being able to both see the deployment of current assets, thus maximizing their use. Asset Control and limit the unauthorized use or misappropriation of securing staff leaving the yield fixed assets under their control. In some cases, has been to establish a committee system through government regulations, where lending, where the general grant, the terms of insurance etc. one person can maintain and manage all fixed assets for business if they have programs to help them. The available software reduces the complexity of computer systems, save time and prevent errors. Why use a software program to manage the assets?

while paper and pencil methods can be used, programs that assist in the registration, maintenance and review of assets. This saves time and gives a clearer picture of assets since the sorting and display in different ways quick and easy.

Most of "" fundamental solution will use a spreadsheet program such as Excel. Even after the migration to software designed specifically for asset management, there are times spreadsheet program may continue to be useful.

What are the assets?

what you call an asset often depends on your business activities. The first thing that comes to mind is of fixed assets such as computers and production equipment, office furniture etc. may even want to consider employees as assets or even the service and maintenance contracts. Can flexible software asset management provide a way to keep track of a lot of things most of us are not considered as assets.

What are the first steps in the development of a system or a "solution"?

(1) decide what will be managed assets.

For more assets more work in placing your order. Reduction of assets and that only a certain value of the dollar is a good idea.

2: Determine assets is important to register within the program properties.

choice will not only have an impact on the amount of work required, but also the extent to which you can process and display information assets by sorting in the field of media asset or group of fields.

For example, if you setup a field of "site" and then you can sort the data to find out what assets everywhere. If you also have a way to'noa 'or' class' then you can further sort and display to show only certain types of assets such as computers in one place or more.

as is the case in every aspect of one's life along with that to make difficult choices between what is ideal and what is possible. Choice will have an impact on data entry upon the arrival of new assets, as well as gather information about the current assets. The choices you are also out to make an impact on your choice of program since some may not handle whatever you want. We found one such restriction within the program Pro software AssetTrakker. TrackitSoftware consumption does not provide a way to keep track of this felt adding a lot of complexity requires the collection and preservation of a lot of data. In addition, they felt, to deal with consumption requires superior of rules and government regulations knowledge beyond the expertise of the very people that could benefit more from asset management. Accounting departments already, and the calculation of depreciation. * Some software does not enhance the consumption account, but there is only limited functionality offered in most cases not demand road regulations.

some help!

The following is a list of assets attributes "fields" for consideration. You will not want to use them all Lübeck "solution" may be good for those additional you need.

# assets: the main reference used to determine the asset tracking. It can be consecutive numbers or the number with an alphabetical prefix. (0001 or A001). This figure is used for auditing purposes and possibly for reference signals.

make: Manufacturer

Model: useful when arranging a service or buy spare parts. Useful as gathered by model type allows.

Serial #: identify quality assets. It is required when making a warranty or insurance claims.

cost REPL: estimate the cost of replacing one asset. Useful for planning, risk assessment and insurance.

Cross reference. #: Reference No other assets or tie together a range of assets.

Type: can be used for public gathering, such as furniture, computers, shipping, etc.

Status: useful to know what is likely to require replacement or decide on service needs.

Description: In addition to other details and model, and serial number.

Note: Additional information about the assets. If your computer then you may want to insert devices or even installed on that software configuration details.

section: This is useful to sort assets by the department to assist in the audit.

Location: good field to be so that search / sort can give you a clear picture of where they are located assets.

used by: essential if you have assets in the personal possession of the employee and / or assets of commercial buildings.

deadline: useful if assets are transferred around or to say when the asset in its current location.

Encyclopedia of the expected life: the expected date when the parent will not be useful.

Funded by: If the source of funds provided by the Bond number, or outside funds (loan) or a grant.

Cost: total cost of owning assets.

Date acquired: it helps give an idea of ​​when there might be a need for replacement.

Disposed: Indicates been disposed of assets.

Disposal Date: Date of disposed assets.

business use%: Used if they are not full-time use of assets by the business to break the use of assets. It is not for everyone, but the fantasy field may find use is indispensable for.

OUT: Used for Tool / Equipment Tracking,

Taken by / and: used to tool / equipment tracking to indicate who is taking or return the item.

Due Date: is used for instrument / equipment tracking to show when it is due out back.

Recovered Value: Net proceeds of disposal of an asset.

details disposal: Notes on how and where it was to get rid of assets.

Warranty: indicates if the assets covered by the warranty or can be used if covered by a service contract / maintenance.

guarantee the end: It is useful to see what the expiration of a period of close to track maintenance or service agreements. It helps prevent pay for the service covered by warranty, as well as payment of repair items before the end.

Photo: Can you help identify assets or where the 'look' is an important feature. Useful if compensation from the insurance company than ever before.

value: it can be insured amount of the asset. The risk of exposure control.

Leased: helps keep track of leased versus owned assets.

Lease end: Used to warn when the assets have to be replaced or the lease has to be renewed according to the terms of the lease.

Lease start: the start of the lease on the leased equipment history.

Lease Co: the company's assets that are leasing the name.

revision date: This column records the history survey was conducted batch of assets for the purposes of review.

References: Registration name of the person who conducted the audit process.

What next?

now have a good idea of ​​what assets the information you want to follow. Before considering the various software packages available that you should consider how many people will be entering data and how much you will have access to the data. Organization is smaller than possible that only one person will be involved, but in large companies and possibly the number wish to participate. Your attitude can require the purchase of software license more than one program should support many users.

using a barcode scanner?

barcode scanner can be used to enter data quickly and auditing. This is in addition to the cost and reduce the most of cheap software packages provide limited support for barcode scanners. If inserted correctly in the scanner software can provide excellent value and saves a lot of time, especially for the purposes of the annual review.

The following are types of barcode scanners used with asset management program.

A 'dumb' tethered CCD scanner is cheaper and purchased for around 70 $ and can be used only when connected to your computer and work in a similar manner to the keyboard you scan barcodes and put in whatever cell or space where you are.

A 'laser' tethered scanner is more money, but will be able to scan barcodes smaller and probably have a deeper field of view (easier to quickly scan barcodes).

CCD or laser scanner's built-in memory even wipe can be made and then the scanner can be brought back and connect it to your computer, and those scans downloaded. This is extremely useful for audit purposes. To get the maximum benefit must be optimized software to take advantage of this "batch" of memory capacity. You can get a unit capable of about $ 150.

laser scanner with internal memory, as well as income and keys screen, means that after the barcode scanning, you can add additional information. These are more expensive and frequent use should be integrated into your program management. While the prices coming down, and you're looking at in the unit cost of a pocket computer a set price in addition to the scanner. It is customary for the programs use these units as well, for some reason, the price will be higher.

asset management software

range of prices for software asset management is $ 0 to $ 10,000 and all require you to do data entry of existing assets, as well as create some of your requirements. Some advise the phone at an extra cost, but at the hands of help only comes with expensive packages (this level of the program requires the cost of sales and marketing expenses strength so maybe the price, available features, may seem high).

purchases a lot of people seem to be using the standards. You may have more than that.

(1): Price 2: ease of implementation of the system 3: Ease of use 4: the ability to contain Acts 5: Jobs 6: the possibility of dealing with the growth

what you can get a reasonable price for a period of time

program with a full relational data base, such as MS SQL server Express, or an open source database. Today there is no reason to settle for less energy or quality. Microsoft SQL provides the 05 version of 'Express' DB without any cost.

The program that allows you to attach photos of assets. While it is not necessary for all it's one day you might want to use them in.

program, which combines the use of 'push' inexpensive barcode scanners memory, because if not now, at some point in the future, such extension will save time and money. Used in the audit confirms that the assets were seen in reality as it was a barcode to be scanned.

program that 10,000+ asset management will allow. With a decent memory in your computer quick and full relational database engine, there is not a lot of constraint anymore, and while some jobs may slow down a little bit so that a low-cost program must deal with more than 10,000 assets.

program to be flexible so you can take advantage of features at a later time instead of having to implement everything at once.

* If more than one person is to be given access to the database, then you should make sure that the different levels of access can be set for different users to prevent unauthorized changes to data.

what you can get, but not cheaply.

program, which integrates directly into the existing accounting system.

program which has a full professional consumption accounts.

The program, which runs directly from the company's own server your (software less expensive works of workstations While the central database can be located on your server and accessed by individual workstations this is not the same as complete programs being server works with applications on workstations.

hand Holding and training in the home to get your system up and running. there are companies that will sit with you and ask you all the right questions, and create your own programs, audits and a list of all your assets and then train your employees how to run your maintenance "solution", and most, to my knowledge, will recommend to the middle of the program at high prices because it is easier to sell (the high Commission as well) and easier for them to install due to their knowledge of it.

nuts and bolts

collect your information assets How can you perform this step depends on the situation. in our discussion below we assume you do not have existing asset information in an Excel spreadsheet list or other form. If you do that then you will save labor by exporting / importing data to your asset management program.

starting from a list of your assets and Numbering from scratch

This is an advantage because you are not limited to inherent limitations. Of course it is, as you can not only download the information current assets but must collect everything yourself further action.

collect asset information is a waste of time. To obtain this information accurately, with less work as possible is important. And think about how to do the job and planning helps to make this task easier large.

The following is how I propose to do so, but may have special, probably the best plan for you.

create data entry sheets that you will have people write in information about assets under their control. Your asset management software might create this or you could be an Excel spreadsheet to get them.

and try to get some of the "buy in" from the department or site manager with control over the assets. And closer to the original you can customize some of the responsibility will dominate the best of those assets. "It's my circuit assets" is the most powerful incentive of "everything IT department's assets."

final steps

After the data entry, the managers of your cooperative has helped you get, it is time to work with that data within your asset management program. It should not take a long time to get to know how they can provide information for you on the screen and in reports.

now sit back and enjoy how easy it is to manage your assets.

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