If your fixed assets aren’t recorded, monitored, and disposed of properly, fixed asset accounting can be an inefficient process. Not keeping track of serial numbers and warranty information on those fixed assets can cause many problems when it’s time to do the books.
Microsoft Excel and Microsoft Word are no longer the go-to software programs for fixed asset management. Many operational supervisors are locked into these antiquated methods, from paper files to notations in notebooks to Excel spreadsheets to Word documents. Those things are apt to be disorganized and crowded with data, making it difficult for decision makers to find what they need when they need it.
Fixed Asset Responsibilities
