Organizations must account for the valuable equipment that they have for the purpose of accurate bookkeeping, smoother workflows and significant cost savings. However, fixed asset tracking can be a challenging task. Tracking assets on multiple fronts including location, ownership, maintenance and depreciation requires an organized and extensive method. This process becomes simple and effective with fixed asset tracking software that does all the work for you. For such software solutions, having a way to track depreciation has become a staple.
Depreciation tracking is crucial to fixed asset management as it helps organizations determine the value of their assets efficiently. This in turn helps organizations make well-informed financial decisions like purchase and disposal of assets. Calculating asset depreciation is also necessary when it comes to error-free tax reporting and ensuring legal compliance. Continue reading
Our asset tracking software allows you to assign different roles and set visibility and access permissions for different types of members. There is a maximum of four types of members in EZOfficeInventory: account owner, administrator, supervisor and staff user. Account Owners and administrators can change the roles of members.To do this, go to Members > Click Member’s Name > Edit ‘Role’ field.
Why fixed asset management software?
Fixed asset management is a tough nut to crack. The cost of acquiring and maintaining these assets is high, and deciding on a process that best utilizes and optimizes the performance of these items can be difficult to get right. Businesses want to keep storage and maintenance overheads low, while at the same time increasing ROIs and asset longevity. Trying to track and manage assets through spreadsheets can be painstakingly slow and ineffective; equipment gets missed, lost, or stolen, and there are no checks in place to ensure accountability or data accuracy. This is why fixed asset management software is a safe bet for businesses wanting to improve asset productivity. Let’s look at how this kind of solution helps businesses streamline fixed asset management. Continue reading