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Showing posts from January, 2022

How Self-Audits Can Ease Asset Physical Verification?

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  Every entity whether public or private are required to conduct an annual physical count of all fixed assets to verify actual assets in hand and their value to ensure the accuracy of related financial records is known as asset physical verification. Fixed Asset Audits & Verification One has to keep track of all the fixed assets by maintaining the  asset register . This asset register needs to be continuously updated with additions and disposals, also the assets must be depreciated on an annual basis. The asset register is maintained in a specified format according to the entity, which shall comply with the requirements of any accounting requirements, which may be prescribed. An asset register can play a crucial role in asset physical verification. Asset Tracking can be challenging for organizations. Assets can be re-assigned to various employees, moved from one location to another, or replaced by others. Asset management requires reports  about asset allocation, usage, and service

How to Avoid Redundant Capital Purchases with Asset Register Management Software

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Business in your company uses fixed assets to generate revenue. A fixed asset is an item possessed by the company for long-term use, and not to be sold within a year. Examples of fixed assets are equipment, vehicle, estate, computer, and other machinery. These assets are purchased and frequently used in the line of work. But when an organization does not keep all information sorted then it can lead to theft, asset misplacement, and chaos in daily operations! This is where asset register software can be helpful to your organization! How Does Asset Register Software Help? Asset register software has all the information of all the assets belonging to the organization. Therefore, it can be very beneficial for organizations in terms of asset optimization, asset utilization, boosting  asset performance . In all aspects, asset register software can be very useful as it can make assets more productive and increase the efficiency of each asset individually. Whenever any asset leaves the organiz

Enhancing Productivity by Keeping Track of Spare Parts

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Machines used in the business of a company have several ingredients that build the whole equipment. Such small components can be purchased beforehand in case if there is a breakdown of equipment in the future. The items are linked to specific assets. When you used an asset, the components of the asset are also functioning. Functions of Components in Assets A computer has several types of components that come in hardware and software formats. Examples of computer components are: Keyboard Mouse Power Supply CD-DVD Drive Hard Drive Casing Motherboard Soundboard RAM Video Card Processor Each and every item of these has its own function while it is being consumed along with the whole set of computers. When you turn on a computer and start doing some activities, these components are also functioning. Also Read:  Enhance your Equipment Utilization by Implementing Asset Tracking System The components of an asset can be kept separate from the linked assets. Consider that you are moving some com

What Is the Process of Helpdesk Ticket Management Software?

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  The helpdesk ticketing management system is one of the best applications to resolve problems. It helps organizations to resolve incidents at the earliest so that the impact of the incident can be minimized. With this system organizations take a systematic approach against each incident as several parameters are noted while resolving the ticket. However, when you are not equipped with any software then it leads to work hindrance frequently, incidents are resolved in too much time. It decreases the productivity of the employees and organization as well. In this blog, we will know exactly what the process of helpdesk ticket management software is! So, let us begin! What Is a Helpdesk Ticketing Management System? The helpdesk ticketing management system enables you to keep track of every ticket. It helps you in managing problems employees are facing. It can be a technical issue such as computer system problems or network issues such as internet connection or any type of problem such as m

What Are the Top Facility Management Trends That an Organization Can Follow?

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An asset management software enables you to plan your activities that need to be done in a way that productivity can be increased and let you know the performance of each asset individually. Lots of organizations have issues in   maintenance management   because they have huge facilities and there are several buildings as well. It lets you know all the asset information about the assets in each facility. You can get information about where they are located what their current condition is. Each facility has lots of machines and equipment that need maintenance regularly. However, it becomes hectic as there are lots of assets that need to be tracked properly & one person cannot do it alone that is why asset management software is essential. With this software, you are capable of not only keeping track of assets but also keeping track of inventory as well. You will get alerts for maintenance & you can schedule maintenance easily! When assets get maintenance on time it leads to incr