Category: Fixed assets for SMB

Honolulu passes on bid for Hilo Hattie flagship space

Fixed asset management software helps organizations calculate the value of their property. This is useful in many situations; for instance, when selling property. Fixed asset management can help businesses determine an appropriate sales price. Organizations choose to sell property for many reasons, but often, this activity helps to grow revenue or decrease debt. Hilo Hattie faces bankruptcy Recently, Hawaiian retailer Hilo Hattie filed for chapter 11 bankruptcy, according to local Honolulu news source KHON2. In the meantime, the company will continue its operations. Through bankruptcy proceedings, the company put its flagship location up for sale. However, the city of Honolulu…

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Events in San Diego highlight need for fixed asset management

Fixed asset management software provides a way for businesses and organizations to assess property value, which is helpful in situations where severe damage may occur. Fixed asset accounting helps organizations pay appropriate insurance fees so they can recover adequate funds if property is damaged. Inclement weather damage Businesses and organizations in San Diego could have many reasons to implement fixed asset accounting. In late July, the city was hit with severe rainstorms as a result of hurricane Dolores, local public radio station KPBS reported. All together, 130 area home and business owners reported property damage. The government is currently assessing whether…

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Arkansas businesses face metal theft

Fixed asset accounting is an important way for businesses to evaluate their property to file appropriate insurance claims. For example, many businesses are susceptible to scrap metal theft. Without insurance, these organizations could be unable to continue operating, causing them to lose money or even be forced to close entirely. Scrap metal theft is an issue that affects many businesses. According to Nationwide Insurance, thieves go after scrap metal hoping to sell it and earn some extra cash. Thieves are especially likely to go after copper, which they can easily take from air conditioning units. According to The Associated Press, businesses…

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Are social media profiles fixed assets?

It is standard to consider intellectual property an intangible fixed asset, but could social media accounts soon be considered intangible assets as well? Social profiles can be a valuable business asset, and lately people are starting to treat Twitter and Facebook profiles like business property. If this trend continues, more organizations may begin to register the value of social media handles in their fixed asset accounting. Social accounts as business assets Recently, a court case in Houston called attention to the notion of social media accounts as property. Jeremy Alcede refused to turn over the passwords of his gun store business's Facebook and Twitter…

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Restaurants face fixed asset thefts

Restaurants often face theft, but it's not always what most people would expect. While these businesses deal with employees lifting cash and patrons leaving without paying, theft of fixed assets is another problem restaurant owners frequently confront. Restaurants tend to have thin profit margins, and any fixed asset that goes missing can cut into the bottom line. Fixed asset management software can help businesses keep track of items with a high value so the property can be replaced. Restaurant owners frequently complain of flatware, glasses and other items that go missing when patrons take a liking to them. Cleveland.com recently reported…

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