In a recent blog entry, we explored some of the reasons it can be beneficial for a company to upgrade to fixed asset management software, rather than relying on a spreadsheet-based fixed asset tracking system. Specifically, errors on spreadsheets introduce the possibility of incorrect depreciation calculation. Spreadsheets are also not as secure as fixed asset software, and do not generate [...]

In an increasingly digitized world, business owners and managers have a wealth of options to choose from for management of inventory and fixed assets. For many companies that have several types of software and media, digital asset management is imperative to keep everything in running order. Software can be very expensive, and like any other [...]

Fixed capital – money that is invested in fixed assets – is a crucial part of every organization. This is because it has a reusable value and can be leveraged by enterprises over an extended period of time. Indeed, the fixed assets in which it’s invested typically stay with an organization through more than one [...]

Budget season is a time when many organizations take a close look at their fixed asset expenditures for the past fiscal year and come up with viable plans for the next one. Capital budgets should be informed by any developments in a company’s finances or other situational changes that have occurred since the last time [...]

The depreciation to fixed assets ratio offers companies a look at how quickly they are replacing their capital holdings – specifically, how fast items are being written off in accordance with asset depreciation schedules. The ratio can be calculated using a simple formula. Take the depreciation figure in your company’s profit and loss statement and [...]