Getting Your Money's Worth from Fixed Assets Software

  • Source: Sage
  • Written By:
  • Published:
  • (Originally Published On:) )
Companies that fail to manage fixed assets can have difficulty complying with reporting regulations and complex, changing tax laws, and thus run the risk of misstating financial information and making mistakes in tax filings. A complete fixed asset management software solution should have tracking, depreciation, and inventory features, and should also provide the ability to conduct physical inventories of assets easily and reconcile the results to the fixed asset schedule. Finally, it should include easy, functional reporting to aid compliance, auditing, and preparation of financial reports and tax filings. This white paper looks at the potential ROI of fixed asset management software.

Featured Software Research:

11 Criteria for Selecting the Best ERP System Replacement

An enterprise resource planning (ERP) system is your information backbone, reaching into all areas of your business and value chain. That’s why replacing it can open unlimited business opportunities. The cornerstone of this effort is finding the right partner. And since your long-term business strategy will shape your selection, it’s critical that your ERP provider be part of your vision. Read More

Monitoring How Your Assets Use Energy

  • Source: Infor
  • Written By:
  • Published:
To stay competitive in a rapidly changing market, organizations need to incorporate asset management capabilities that optimize not only their assets’ availability, performance, and quality, but also their energy consumption. Read this white paper to discover how adding an energy consumption component to your company's asset management systems can lead to big reductions in energy usage, a quick return on investment, and improved environmental conditions, as well as increased shareholder value and... Read More

You may also be interested in these related documents:

Best Practices for Fixed Asset Managers

  • Source: Sage
  • Written By:
  • Published:
In the world of accounting, the savings potential of improved fixed asset management is often overlooked. Yet assets like land, buildings, transportation, and manufacturing equipment represent among the largest investments most companies make. Sub-optimal fixed asset practices can threaten the accuracy of financial reports and negatively impact your bottom line. This white paper outlines best practices for fixed asset management and suggests tips for implementation, including establishing an accurate... Read More

The Cost of Spreadsheets in Fixed Asset Management

  • Source: Sage
  • Written By:
  • Published:
Spreadsheets have become one of the most prevalent software applications used in businesses today, for everything from simple calculations to impromptu databases for tracking a wide range of information, including employee hours, expense reports, and fixed assets. And while spreadsheets are inherently useful in business, they are constantly being used for tasks in which they are ill-suited. Many companies use spreadsheets for financial tracking and reporting, but the negative aspects of using spreadsheets... Read More

Fixed Asset Inventory: A Guide to Getting Started

  • Source: Sage
  • Written By:
  • Published:
Implementing a fixed asset inventory solution and performing proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost assets,” and help an organization recover after a natural disaster. However, the importance of tracking and managing fixed assets such as land, buildings, transportation, and manufacturing equipment is often overlooked. This white paper discusses best practices for fixed asset inventory management and suggests tips for implementing... Read More
 
comments powered by Disqus