Top Vendors for Fixed Asset Management Software
Simple, powerful, and efficient asset management. Track vehicles, equipment, facilities, and more. Reduce costs of operation while radically increasing overall ROI.
CMMS solutions to increase asset life, track maintenance costs, prevent and predict equipment failures, improve labor productivity, reduce costly equipment downtimes, and increase ROI.
Developers and providers of computer programs useful in asset management. more »
Vendors of IT audits and technology asset management services. Keep an accurate inventory of computer hardware and software with IT asset management software. more »
Vendors of technology asset management software. Research providers of hardware and software asset management solutions for information technology asset management tools. Identify … more »
Sources of spreadsheets and calculators for accounting. more »
Business directory to call accounting software. more »
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Fixed Asset Management Software Key Terms
Radio Frequency Identification
Radio Frequency Identification, or RFID, is a fixed asset/inventory tracking system and data collection system that uses radio chip technology. Low power radio waves input and output data. Unlike a barcode system, the RFID does not require line of sight.Sarbanes-Oxley Act of 2002
Sarbanes-Oxley is the legislation passed to protect investors from fraudulent accounting by corporations. Now, each company must comply with those regulations set forth by the law, including the accounting of fixed assets.Cost segregation
Cost segregation refers to the process of determining property costs to calculate depreciation values for tax purposes. Cost segregation is used as a tax deferral tool by allowing an acceleration of the annual depreciation rate.Fixed asset turnover rate
Fixed asset turnover rate is calculated by net sales divided by total assets. This number indicates if assets are working well in the production of revenue for the company.Ghost assets
The term ghost assets refers to those assets that are reported as valid when in fact they are no longer in use. A breakdown in fixed asset management can cause ghost assets.Depreciation schedule
An accounting schedule set to show when certain fixed assets depreciate is known as a depreciation schedule. Depreciation is the reduction in value of an asset due to age and general wear and tear on the item. In accounting, depreciation is treated as a non-cash expense.Dartmouth's Procurement & Auxiliary Services.
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Tips & Advice for Fixed Asset Management Software
Whether you have a small or large business, keeping track of all your financial assets is necessary to understand how well your business is doing. If you are looking to keep track of all of your assets, including your fixed assets, asset management software could be your answer.
Fixed asset management software is software that will keep account of your fixed assets that can't be converted into cash without some work on your part. For example, if your company uses many tools and parts that make up the final product, your fixed assets would be those tools and parts. Since they aren't sold individually as your final product and instead are used to create your product, they are a fixed asset.
Those who invest in fixed asset management software are better able to keep an eye on their bottom line and see which assets are costing them more than helping them. This software can be used to track inventory, track repairs, calculate any associated maintenance costs, and produce reports.
If your company is interested in using this type of asset management software, Business.com provides many resources to help you find a provider of this software as well as more information about the software in general. To get started, click on the links on the left hand side.
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