THOUGHT FOR THE DAY

Success

"In order to succeed, your desire for success should be greater than your fear of failure. "

- Bill Cosby

TOPIC OF THE DAY

Fixed assets management

Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.

Many organizations face a significant challenge to track the location, quantity, condition, maintenance and depreciation status of their fixed assets. A popular approach to tracking fixed assets utilizes serial numbered Asset Tags, often with bar codes for easy and accurate reading. Periodically, the owner of the assets can take inventory with a mobile barcode reader and then produce a report.
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