Today's world is fast-paced and changing – no matter what field of business you’re in – and keeping up with a growing global market presents a challenge. Knowing what tools are available to assist you in managing your company's assets can help you choose the software that's right for you.
Topics: fixed assets, john shepperson, oates co, sage fixed assets, assets, asset tracking software
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.
Topics: sage erp x3, fixed assets, fixed asset accounting, Sage X3, database
What is one of the biggest items on your balance sheet? Your fixed assets. Did you know that you could identify potential savings among your fixed assets through a first-rate fixed asset accounting system?
Topics: depreciation calculations, fixed assets, compliance, fixed asset accounting, accounting, john shepperson, oates co, regulatory compliance
When you first launched your small business, almost all of your focus was on increasing the turnover of your current assets. You had a product and you wanted to sell it. Now, as your business has begun to grow, you find yourself making long-term investments in fixed assets. Making value determinations on these fixed assets can be much more complicated than valuing your current assets.
Topics: oates, Sage, fixed assets, sage fas, john shepperson, oates co, small business
Whether you are a small or a large enterprise, fixed asset accounting is an unusually complex task, always seeming to take more time and dedication than you actually feel it deserves. Inaccuracies and misinterpretations of rules can cause errors that can compound over time, affecting both financial reporting and tax planning. A good comprehensive asset software will lighten the work load and accommodate the unique situations arising in individual companies.
Topics: fixed assets, john shepperson, oates co, asset valuation, easy to use, fixed assets tracking, comprehensive software, ease of use
Fixed asset accounting can be one of the more difficult items to figure out in the accounting world. It deals with not only the value of a product, but also with the value of that product’s services as well. A fixed asset is any business asset that exists solely for the use of commercial production. For example, if you run a floor cleaning business, a cleaner that you lend out to customers to use at home would be known as a fixed asset.
While that may sound a bit confusing at first, it doesn’t have to be. The proper software can crunch all the numbers and give you all of the data you need with little effort from you.
Topics: Sage, fixed assets, fixed asset accounting, john shepperson, oates co, sage fixed assets
At first glance, keeping track of the value of your company's fixed assets looks like a simple task. Dig a little deeper, however, over a longer period of time, and you will notice how much your fixed asset values fluctuate. There are a host of factors that contribute to this fluctuation, and you’ll see that sometimes they’re a bit arbitrary – no two categories of assets depreciates at the same rate and even assets in the same categories can depreciate at different rates.
To simplify th
e process of fixed asset valuation, many managers think about assets as having a life cycle, much like that of a frog or a fish. Just like animals have unique life cycles that are shaped by their environments, assets have unique patterns of value and depreciation that are also shaped by their environments.
Topics: Sage, depreciation calculations, fixed assets, sage fas, john shepperson, oates co, life cycle, asset valuation
What do you know about your fixed assets?
Topics: Sage, fixed assets, tax compliance, john shepperson, oates co, sage fixed assets, invoices, insurance
Do you have a Sage enterprise resource planning (ERP) system and need some help learning about it? Obviously you could go to your Sage consultant for help, but if that’s not an option, you should consider going to the source: Sage itself. Sage has a whole section of their website dedicated to teaching Sage; known as Sage University, it allows you to participate in trainings of your choice at any time. Working in a business, you’re busy – training is important, but you can’t leave your other tasks unfinished. With Sage University, you have the option to use real-time webcasts in virtual classrooms, but you can also watch pre-recorded training sessions whenever it fits your schedule.
Sage University offers training on 19 of their products, including (but not limited to):
Topics: ERP, Sage, MAS 500, fixed assets, Sage 500, MAS 90, MAS 200, accounting, oates and company, enterprise resource planning, software, crm, Sage 100, X3, john shepperson, Accpac, sage university, networking, sage summit, sage 300, hrms
Your fixed assets – machinery, chairs, computers, software, and even buildings and land – are things you use every day and barely notice, but without which your business couldn’t operate. They are investments in your vision, in your people, and in your bottom line. That investment costs money and maximizing return on that investment is just as important as producing a good product.
How do you maximize a return on fixed assets? You already know that fixed assets have a life cycle, especially in the tax world. Managing that life cycle is integral to keeping your assets paying you instead of repeatedly paying for them.
Topics: Sage, Fixed Asset, fixed assets, sage fas, fa, john shepperson
