Archive: Dec 2012

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 more data to track to maintain control over financial accounts. While small business software helps new companies to start off strong, after a few years of positive results it may be time for an upgrade. Inventory tracking software providers create products for businesses of all…

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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 of. Because business owners and managers have major responsibilities, like overseeing employee productivity and well being, fixed asset management should be a priority, but it shouldn’t hog all of the decision makers’ time. There are several ways salons and spas can save time and money…

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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 of the location and value of these items can help organizations manage costs, save time and improve productivity. Businesses should keep track of each piece of furniture in their possession. While this seems like an annoying and time-consuming task, fixed asset management solutions can help…

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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 be aware of common fixed asset management and tracking mistakes to improve overall business. Relying on shared spreadsheets There are many reasons why using spreadsheets to manage fixed assets can hurt a company. When information is logged manually, mistakes are very easy to make. These…

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