Did you know that calculating asset tracking return on investment (ROI) is easy and extremely beneficial? For example, if your company has 1,000 assets and the average value of each asset is $700, then your company has $700,000 worth of assets. By utilizing automated asset tracking, these values can be easily accessible.[/vc_column_text][/vc_column][/vc_row] Company asset losses
It’s no secret that your assets will lose value over time, and if you’re not properly tracking the depreciation of said assets, chances are you’ll end up over paying on your taxes each year. To ensure this doesn’t happen, we have created a guide to help you understand everything you need to know about depreciation.
Auditing fixed assets is essential. This is because auditing is needed to ensure that capital assets and depreciation is in compliance with your organizations objectives. Below we have listed some basic guidelines on how to audit fixed assets and what you need to know beforehand. UNDERSTANDING CORE TERMINOLOGY Before you begin to audit fixed assets,