Inventory management is not half as complicated as some people believe. It’s actually very simple and essential for any businesses that are serious about their finances. Quite simply it’s just about managing you inventory which is basically stock control. This could be anything from a shop storeroom full or clothing to an industrial warehouse full [...]
Posts Tagged ‘asset tracking’
Barcode Software Can Save Your Business Money
Businesses these days have to keep as up to date as possible on their finances. Most business managers will always be aware of how much revenue their department has generated this month. They’ll also be able to tell you down to the penny how much their department claimed in expenses last month too. Very few [...]
SARBOX And Fixed Asset Tracking
Sarbanes- Oxley is certainly all-pervasive in US business and the ongoing implications of SOX when it comes to fixed asset tracking continue to expand. The current attention on the accuracy of the balance sheet and a possible move to further disclosures about the fair value of assets means that US companies will have to get [...]
How Asset Tracking Benefits As A Management Information Tool
Many US companies, large and small, continue to rely on a conventional spreadsheet approach to try to keep track of their fixed assets in an attempt to ensure the company is SARBOX compliant. But asset tracking is (and should be) more than an accountancy compliance issue. It’s also a vital component of informed and sound [...]
Poor Asset Managemnet Could Be Detrimental To US Recovery
As well as building a capable platform in a recovering US economy which can allow businesses to compete, company accountants have to ensure they keep up-to-date with the SARBOX compliance requirements for their sector. CEOs and CFOs must be in a position to personally certify that the company’s books and records do not contain untrue [...]
Fixed Asset Management Is Vital For UK Export Success
In today’s globalised marketplace, the UK business accounting environment is complicated by the international connections that may place or may need to be initiated when establishing relationships with overseas suppliers and customers. If you are a UK subsidiary of a US listed company or a UK company doing business in the USA, you may have [...]
Cut Operation Costs With Asset Tracking
Corporations of all sizes can benefit from a variety of business uses provided with asset tracking. Obviously, the immediate advantage of these tools is to track the use of corporate assets, recording the location, age, condition, value and other details of a wide range of fixed assets. That exercise on its own can provide impressive [...]
Increased IT Use Demands Effective Asset Management
Asset tracking is an essential to any well run business.Aside from issues of compliance with national and global accounting practice standards, companies would be wise not to rely on piecemeal policies and outmoded practices without exposing themselves to potentially costly liabilities. Only through the implementation of rigorous asset acquisition and disposal policies and recording detailed [...]
The Financial Advantages of Fixed Asset Management
Most companies know in their corporate hearts that, although taking a physical inventory of assets is a major effort, once what’s in the books equals the real assets, you have a sound system in place to maintain the records. The tendency amongst senior management in many organisations is simply to look at the initial costs [...]
Effective Inventory Management Helps Business in a Recession
Unfortunately many small and medium sized companies don’t have access to the federal bailouts that offered a lifeline to the largest banks and corporations. Collectively, they are the largest employers in the US economy but face some tough choices at the moment.While the banks pay their huge bonuses to “keep the talent” that got us [...]