Your growing business may be ready for the next size up in fixed asset management solutions
As the economy moves steadily along the path of recovery, many companies are seeing positive profit numbers and expansion. For any organization looking to maintain growth, it’s important for leaders to recognize their business’ shifting needs. As companies become lar ger, they acquire more property, equipment, furniture and other fixed assets, which means they have [...]
Another day at the spa. Ahhhhhh. Wait, are those fixed assets?
Abiding by strict sanitation codes and keeping up customer satisfaction are essential to business growth for salons and spas, and equipment is at the center of both. Whether their service offerings are limited to manicures and pedicures or vary from tanning bed sessions to massages, salons and spas have numerous fixed assets to keep track [...]
Tracking your furniture- Yes, chairs, desks, and lamps are fixed assets, too.
While decision makers may not realize it, owning furniture can cost more than purchasing it if they are not managing their fixed assets efficiently. Desks and chairs get used just as frequently as machines and computers, but companies sometimes forget the former are just as valuable to the business cycle as the latter. Keeping track [...]
Three Fixed Asset Management Mistakes to Avoid for Better Reliability, Tracking, and Reporting of Your Fixed Assets
Company managers may not consider the value of their organization’s fixed assets often, but just a second’s worth of equipment failure can be extremely detrimental to business performance. Tracking and managing company property is essential to limiting production costs, keeping tax and insurance fees in check, and maintaining workers’ safety and productivity. Decision makers should [...]