Recent Articles

Decades-old smallpox find highlights value of an asset management program

There are many reasons for an organization to use asset and inventory tracking software to keep tabs on fixed assets. There are many instances when items can be lost or misplaced and a solution of this kind can help locate their whereabouts. An asset management system would've been advantageous after vials containing a deadly virus were found recently. The Washington Post reports that a box containing six vials of smallpox were uncovered in Bethesda, Maryland, in a storage room at the National Institutes of Health. "The vials appear to date from the 1950s," the Centers for Disease Control and Prevention states in a press release. "Upon…

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A fixed asset management system useful in accidents or natural disasters

Whether big or small, fixed assets that a company uses to generate revenue must be accounted for and maintained at all times. This is one of the reasons why many organizations have implemented asset management systems that keep track of the materials they rely on for business purposes. This solution is especially helpful when a company's fixed assets suffer damage, like in the case of airplane parts made by Boeing. The Associated Press reported that the airplane maker is currently trying to decide what to do with six fuselages of commercial aircraft that fell off of a train as the result of a…

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Fourth of July fireworks cause fixed asset damages

The Fourth of July is a time for U.S. citizens to celebrate the country's independence. In addition to barbecuing and generally enjoying being outdoors, many people look forward to watching exciting fireworks displays when the sun sets. When done by professionals, these explosive light shows can be a treat. However, many people like to light their own fireworks - sometimes illegally – and this can easily result in fixed asset damages. A recent report from Newsday highlighted an example of this in Mineola, a small village located in New York's Nassau County. Fireworks result in multiple instances of damage on Fourth of July…

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Amortization calculator vital when fixed assets are financed

Companies relying on fixed assets often have big decisions to make centering on whether to buy equipment, lease or rent it or secure financing to obtain the items they need. No matter which route a company takes, it can benefit from an asset management program that helps keep an accurate count of items as well as track depreciation. However, when securing a loan to make fixed asset purchases, an amortization calculator can also be a useful tool. A recent report from Nashoba Publishing profiled Optometrics, an optics manufacturer, received a $500,000 loan to purchase fixed assets it needs for its business. The company received two loans, one…

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Asset management program vital in the purchase of new equipment

Any organization that owns fixed assets should take advantage of tools that will help keep an accurate account of items as well as protect financial investments in the case of loss, theft or damage. One of the ways to accomplish both goals is through the implementation of an asset management program. According to an AL.com report, the city council of Gardendale, Alabama recently approved the purchase of new equipment that will be installed in a local playground. The Moncrief Kiddie Park will receive a complete overhaul with materials valued at just over $72,000. The report states that gravel on the playground…

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