Recent Articles

Laptops vs. Tablets: What’s right for small-business owners?

Small businesses must respond to new technology trends to stay competitive. If a company doesn't keep up with innovations, it could end up investing in fixed assets with shockingly short useful lives or solutions that won't match the efficiencies of other organizations fighting for consumers. Many modern businesses swap traditional computing options for mobile equipment, and every small business has to investigate the advantages of tablets over laptops. Tablets on the rise Tablet computers are smaller and lighter than traditional laptops. They offer touch-screen displays which can host accessories like keyboards. When these tools were first introduced, some business professionals saw them…

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Measuring the effects of cybercrime on intangible assets

If someone steals a company laptop, the employee will realize it is gone when it is missing from its assigned physical location. The business should know how much the computer cost and how much the organization has to spend to have it replaced. Unfortunately, calculating the losses associated with stolen intangible assets is nowhere near as straightforward. When managers or employees realize their intangible assets were the victims of cybercrime, they need to discover what was lost and the financial cost to the company. There are many different types of fixed assets, and there is no one formula for how…

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3 events that call for fixed asset revaluation

Small businesses need to avoid unnecessary work. Time is valuable, and managers must only allocate resources and manpower for non-regular projects when they increase revenue or improve productivity. When it comes to fixed asset management, many small businesses like to practice a "set it and forget it" style of accounting. This means the organization finds the initial value for the fixed asset at time of acquisition, creates a consistent depreciation schedule and then devotes very little resource to future accounting of the asset. While working with the rights tools at the first stages of fixed asset management eliminates the common causes…

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When to ignore the cloud

Cloud services grow ever more popular in modern industry. Many businesses move their data processes to off-site hosting when they do not have the resources to create similar performance themselves. Other organizations, however, prefer to own their own data storage equipment. A business may opt out of cloud-deployed solutions when it needs fast processing speed, hands-on security and can handle the fixed asset investment. Businesses need reduced latency Some industries need rapid data response time. Companies who work with the stock exchange or other fast-paced procedures should keep their data processing on-site so they are certain they get information when they…

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Calculating the amortization of intangible assets

A company uses fixed assets to perform business functions. Most physical objects wear out or decay as they are utilized. The NOLO network, a legal advice resource, said intangible assets can also show depreciation. Copyrights, trademarks, patents and software may all lose value over time, and companies can apply to the IRS to deduct costs through a process called amortization, which works like depreciation for non-physical assets. To calculate the amortization of intangible assets a company needs to describe the application of the intellectual property, assign it a value and project usefulness. Records of intangible assets Whenever a company acquires…

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