What are the key techniques for proper management of fixed assets
Why do we need to manage fixed assets properly? The management and supervision of fixed assets can be an extremely unpredictable process. To manage these tasks with precision a Fixed Asset Management Solution comes in handy. Fixed asset management techniques include the tracking of Fixed Assets, Precautionary and Corrective Maintenance, Tracking and Theft Prevention. It is a test for organizations to precisely track the condition, location and status of their fixed assets, particularly for organizations which work from various areas. To keep up an appropriate Fixed Asset Record while at the same time consenting to Accounting and Taxation ethics is a test for a business of any size. Source- Depreciationguru Five ways to Manage Fixed Assets Efficiently Safekeeping of assets: Secure supervision of assets is the most vital role in fixed asset management process and can be proficient by handing over a skilled individual as a custodian. Keeping up an elevated expectation...