How Asset Tracking Can Help Track Your Antiques and Collectibles

How Asset Tracking Can Help Track Your Antiques and Collectibles

How Asset Tracking Can Help Track Your Antiques and Collectibles

Asset tracking is all about protecting the value of your investment. So, it makes sense that a growing number of antique dealers and collectors are using asset tracking solutions to gain total insight into what they own, when they bought it and from who. 

So, if you have an impressive collection of rare or valuable objects, or a thriving antiques business, it may well be time to say goodbye to endless admin and complicated insurance claims, and hello to peace of mind!

Main - Asset Tracking


The Benefits of Tracking Antiques and Collectibles

Lots of collectors rely on paper records or spreadsheets to manage their collection. This works up to a point. However, it is time consuming to keep the entries accurate and almost impossible to achieve any level of automation.

As a collection grows and changes, this problem gets worse and it is likely that mistakes will start to happen. 

It’s not recommended to use a spreadsheet for your school asset register. With the above in mind, adding “missing” assets to an asset tracking software is simple and instant where they may remain missing on a spreadsheet.


Insurance Records

Insurance is an unavoidable failsafe in the world of antiques and collectibles. However, claims can get complicated. Each object is likely to need an individual valuation and insurance policies often have strict rules of compliance.

Using asset tracking, you can store all compliance information on a central database that updates automatically. Information like the insurer, the seller, the purchase value, the current value and proof of purchase- can all be accessed easily with asset tracking.


Location Tracking

If your antiques or collectibles need to be moved between different locations, then there is a greater risk of theft or loss. Using RFID or QR tags, it is simple to scan assets and update their locations. This information is then updated on your central database.

Not only will you have confidence on where your high value collectibles are, you will also have a paper trail of where they’ve been!


Easy Auditing

Asset tracking software comes with a set of insightful, customisable reports which means you can easily extract data that tells you vital information, like the total value of your assets. This means when you need to audit assets, you won’t need to wonder where to start!


Keep Precise Records

When it comes to selling your items, having an asset tracking history can help a lot with negotiations. You’ll be able to demonstrate how long you have had the item, where it came from, previous owners and any repair history without trawling through paper records.


How Asset Tracking Works

How to - Asset Tracking


Types of Asset Tracking

The answer to this largely depends on your needs. Put simply, a tag is added to a high value item like a collectible or antique and the item is added to a central database. A scanner (this can just be an app on your mobile) is used to update the central database about changes in the status of the item.

It may sound like overkill, but in recent years the technology associated with asset tracking has become accessible and affordable. 


QR Tracking

QR tags work a little like bar codes. A square ‘code’ of black lines and dots is adhered to an object. This can be used to update a central database using a scanning device, often a mobile phone. You can also quickly pull up information about the item by scanning the code, which can be useful during the negotiation process!


GPS Tracking

In some instances, collectibles might be put out on display in different exhibitions. Using a GPS tracker can help make sure that nothing untoward happens to the object in transit. However, in general, QR or RFID tracking will be more useful solutions for day-to-day management of assets.


RFID Tracking

RFID tracking works by adding a tag to your item. These tags need not be visible, which makes it ideal for antiques or collectibles that are on display. They can either work using a handheld scanner or fixed scanner. Essentially, the tag holds information which can be easily overwritten if something about the status of the changes, like its value. 

RFID Asset Tracking


Asset Tracking Software

All of these features and benefits are accessible via a central software. Within this, you’ll be able to see your asset register, which shows you everything you need to know about your collection. This gives you the power to view your collection all in one place without the logistical problem of getting everything in one place and updating everything manually.

Then, if you need to update an assets record (or even multiple records at once!) you can do this via your app. The information stored on the tag will also update, so you have a seamless, totally reliable and easily accessed record of your collection!


itemit: A Complete Asset Tracking Solution

Itemit is a complete asset tracking solution. Through itemit, you gain access to all the asset tracking features that you need to keep on top of your valuable antiques and collectibles. It’s easy to start small, and scale up as your confidence and business grows.

Every organisation has its own way of structuring and operating. As such, you need asset management software that can be tailored to fit the way you work, not the other way round. 

If you are using spreadsheets or paper records to keep on top of your antiques and collectibles, then you will see an immediate reduction in admin and a long term reduction in costs by implementing an itemit solution.

Book a demo today to see all itemit’s features in action. To find out more details, you can always contact our team at team@itemit.com

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How to Get The Most Out of Your Fixed Asset Register

How to Get The Most Out of Your Fixed Asset Register

How to Get The Most Out of Your Fixed Asset Register

Your fixed asset register is where you can truly harness the power of your asset tracking efforts. Here, you can access the most up-to-date information about the items your business owns, great or small. More than this, you can manage what you have and make intelligent choices based on the information you find there.

However, there is such a thing as a partial implementation of a fixed asset register. Not having the right information, notifications or even enough of your assets included, will vastly limit the value of your register.

Not using asset tracking software to track your fixed assets yet? This is a great place to get a clearer picture of what kind of functionality, control and insight is available to you.

Fixed asset tracking - main


What are Fixed Assets?

Generally speaking, a fixed asset is an item of company property that is expected to last more than 12 months. It’s as simple as that. Commonly, fixed assets fall under the category of property, plant and equipment (PP&E) on the balance sheet!

Conversely, current assets are items that are going to be consumed or converted to cash within a year. So the only defining characteristic of a fixed asset, is how long you plan to own it!


What is a Fixed Asset Register?

A fully-fledged fixed asset register is a database that holds all information about the fixed assets in your business. This database is generally accessible via a bespoke asset management software using an easy to use user interface.

Of course, in the past, companies often used spreadsheets for this sort of activity. Unless you are going to invest a lot of time and money in developing these sheets, you are not going to achieve anything like the capabilities of a true asset register. In fact, as a fully implemented register will be updated automatically using a network of tracking technologies (GPS, QR, RFID) to stay up-to-date, spreadsheets are now largely seen as not suitable as an asset register solution.

 

Essentially, your register will tell you what you have, where it is, who has it, where it’s going and the like. But really, that is the bare minimum information. 

 


What Information You Can Add To Get The Most of Your Register

What Exactly is The Asset?

Ok, sure, this is somewhat stating the obvious. But there is more to think about here. If you are a large organisation with multiple departments, then knowing exactly what equipment each team has is useful! It would be possible to understand, for example, if a department is under or over-resourced!

The Exact Location of Each Asset

The application of this information changes depending on your industry. In fact, it changes from business to business, you will know best how you could use the knowledge of where all assets are at any given time. But, for inspiration, it would be possible to tell at a glance if an asset 

Estimated Life Expectancy

Suppliers will generally be able to give you the life expectancy of an item. By entering this into your fixed asset register you can plan for costs and build them into your growth forecast strategy. Furthermore, you can hold suppliers to account if assets are not meeting expectations.

Procurement Details

This is vital data if you want to optimally manage your assets. Date of purchase and supplier are two key pieces of information that make it possible to understand the value of an asset. Your purchasing team will be grateful for this insight when it comes to negotiating on the price of new items or picking suppliers.

Depreciation Value

As most will be aware, a depreciation cost is the original value of an item with all the depreciated costs subtracted. The way you work out depreciation will depend on the asset itself and the depreciation method that you are using. A fixed asset register makes this process much simpler and will make annual accounts more accurate and compliant.

Insurance and Compliance Details

You will likely be using multiple policies to protect your business against breakdown, loss and theft. Or, if you are using one cover-all policy, it will have complex compliance rules when the time comes to make a claim. Add all of this key info to your fixed asset register and it will make claims more likely to be successful.

Warranty Information

Suppliers do not always make it easy to find warranty information or understand the terms of the warranty. Easily upload this information so that you can take full advantage of your supplier’s warranty, saving on repair and replacement costs.

Maintenance Schedule

We have seen how a fixed asset register can help you manage issues and depreciation. A maintenance schedule is all about preventing issues and lengthening the lifespan of an asset. Set up easy notifications that tell the relevant people when an asset is due a service or upgrade!


itemit: Maximise the Power of your Fixed Asset Register

Above everything else, the real way to get the most out of your fixed asset register is to have an asset tracking software that does the leg work for you. That’s where itemit comes in. itemit’s software solutions can be customised to suit the unique way that your business operates. Years of experience mean itemit understand how to set your asset management system up so that it supports an optimally implemented fixed asset register.

To find out more about how itemit’s fixed asset register software can help your business, you can contact the team at team@itemit.com. You can also fill in the form below to start your very own 14-day free trial.

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What is an Asset Register and Why Should You Use One?

What is an Asset Register and Why Should You Use One?

What is an Asset Register and Why Should You Use One?

An asset register is a highly detailed list of all of a business’s assets. The list includes details such as the owner of the assets, the condition and location. An asset register helps businesses to understand the asset’s price, depreciation, status, and procurement date. In addition to this, the asset register also lets the user know the asset’s current value and insurance status.

How Can A Fixed Asset Register Be Beneficial To Your Business?


The Benefits of an Asset Register

There are many benefits of having an asset register, including:

  • Assets can be tracked and easily identified 
  • Assets can stay compliant in accordance with the industry’s regulatory standards
  • Helping to prevent assets from getting lost or being stolen thanks to itemit’s accurate location data services
  • Estimating repair and maintenance costs
  • It helps to provide complete transparency of all assets and associated data
  • Providing users with a highly accurate audit trail 
  • The calculation of depreciation

As your business grows, you’ll naturally gain more assets. It can become increasingly difficult to track all of your assets over time. Keeping a close eye on your assets is much easier when you have an asset register. While setting up the register can take time, once it is complete, it will automatically benefit your business. 

Another benefit of this type of register is that it can help to eliminate ghost assets. When an asset is damaged beyond repair or has gone missing, they are no longer of any use. By tracking every asset and its state of repair, ghost assets can be eliminated. Finally, the register can be accessed via a computer or mobile app.


What Should I Include in My Asset Register?

You can include any business assets you wish in your register. Assets can include: 

  • Computers, printers, servers, and laptops
  • Vans and cars
  • Furniture such as chairs, desks, and filing cabinets
  • Photocopiers, telephones, and scanners
  • Stationery and tools
  • Machinery and associated equipment

Add any assets that have value to your business. The above list is just an example, however, your business may have other types of assets. Adding these assets to the register can help you to track them. Using itemit allows you to track both high and low-value assets 24 hours a day.


What Data Should I Include in My Asset Register?

There is a real possibility for you to include a whole host of different data in your register. Including as much detail about each asset can be very useful. Some of the data that itemits users include is the: 

  • Asset’s Depreciation
  • Asset’s remaining life
  • Asset’s serial number or barcode
  • Current and previous users of the asset
  • Current value of the asset
  • Date and frequency of maintenance
  • Estimated resale value
  • Insurance coverage and what it includes (repairs, maintenance, etc)
  • Licence start date
  • Location of all assets
  • Manufacturer’s warranty information
  • Operating licence 
  • Owner of the asset
  • Purchase date and price 

When every asset in the register contains detailed information, they are easier to keep track of. Users will know where the assets are and what condition they are in. Notes can be left for the next user, and management can see how effectively each asset is being used.


Maintaining an Asset Register

Once you have set up a register of your assets, it’s crucial that you maintain it. By using itemit’s QR codes, it is possible to maintain your assets while tracking them. With a list of assets that can be accessed as and when it is required, a physical audit can be undertaken. 

By scanning each item, users can confirm that the asset has been located and accounted for. In addition to this, the detailed information that is listed can be compared to a physical inspection. A physical inspection allows appropriate action to be taken should any discrepancies arise.


Asset Registers and Ease of Use

Every asset register can be accessed and used with ease. itemit has designed the user interface in such a way that inputting and editing information is simple. Additionally, menus are easy to access, allowing users to make updates whenever they wish. As long as assets are logged in and out as required, they can be traced. The location information will be displayed in the appropriate menu.


itemit’s Asset Registers

itemit has made it possible for businesses of all sizes to keep a register of their assets. When a business starts to grow it can struggle to keep track of its assets. Having a complete register of every asset can make a huge difference. Asset control will be easier, allowing management to make more informed decisions. 

Please contact us if you have any questions about registering your assets. You can reach us at team@itemit.com. Alternatively, if you are ready to test the value of our asset management software, you can sign up for a no-obligation 14-day trial.

Asset Register

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How to Track Manufacturing Production Equipment and Why

How to Track Manufacturing Production Equipment and Why

How to Track Manufacturing Production Equipment and Why

Production equipment is not only costly, but it can be crucial to the manufacturing process. Having the right equipment to hand ensures processes are consistent and targets are more likely to be met.

By implementing equipment tracking solutions, it’s possible to keep track of your production equipment at all times. There are multiple benefits to equipment tracking, even when it’s used with equipment that is never moved.

Manufactoring Equipment


What Production Equipment can you Track?

  • Assembly line components
  • IT Assets
  • Jigs
  • Manufacturing equipment
  • Most fixed assets
  • Moulds
  • And more

Tracking equipment such as this has many benefits. There is much more to equipment tracking than merely knowing where it is located at all times.


How to Track Production Equipment

Tracking production equipment is a relatively easy process. While it does call for a lot of work to be undertaken, the results will be worth it.


Build Your Asset Register

Log all of your assets in itemit and tag each item with a QR code or RFID. Fill in each asset’s details so you can control them in real-time. 

While you are building your asset register you will gain an understanding of your assets. All of your assets can be viewed instantly via the web portal and your mobile app. The asset’s details will be clear for you to see. More information can be added about individual assets along with photographs and notes. 

Should a user wish to find out when a specific piece of equipment needs to be maintained, they simply need to scan the QR code or RFID. Details of the specific piece of equipment will then be shown on the screen. Any information that has been inputted will be displayed via a set of menus. Selecting the appropriate menu ensures that the user can find or add the information that they need.


Assign Assets To Staff Members

Specific assets can be assigned to your chosen staff members. The staff members can record the condition and status of the assets should they wish.


Tracking The Location of Production Equipment

Production equipment that can be moved from place to place can easily be tracked. It is possible to see where the equipment is at all times, either through QR code tracking which requires the interaction of scanning to update an items location or RFID tracking which requires no more than an RFID reader to be placed in a chosen location.

Production equipment that has been assigned to staff members is less likely to go missing thanks to asset tracking software. 

Tracking also ensures that equipment can be located in the warehouse, office, or wherever it is stored. This ensures that less time is spent looking for it.


Why Production Equipment Should Be Tracked

There are multiple reasons why production equipment should be tracked. Not only is it convenient to track equipment, but the tracking process comes with additional benefits.


More Maintenance Control

It is possible to monitor all of your assets for the purposes of maintenance control. itemit’s equipment tracking software can be used to help you to understand what equipment needs to undergo maintenance. 

Keeping a track of when each piece of machinery needs to undergo maintenance, can ensure the maintenance schedule is always adhered to. As soon as all machinery has been logged along with the maintenance schedules, users will be alerted when the date of maintenance is approaching. This ensures that equipment can be looked after so that it continues to work well. 

PAT test and inspection reminders can also be set.


Monitoring Inventory Levels

Monitoring stock inventory levels allows more stock to be ordered on time. It is easy to accidentally order stock that may be surplus to requirement. Ordering too much stock can result in it taking up too much room in storage areas. 

Tracking production equipment and its associated stock can ensure that goods are only ordered when stock levels reach a specific and agreed amount. The monitoring of inventory levels can help to keep stock levels consistent while preventing incidences of over and under-ordering.


Organising Your Warehouse

Equipment tracking can help warehouses to instantly become more organised. Stock can quickly be located. Additionally, the tracking software can help warehouse workers understand where stock needs to be placed. Rather than storing stock in the closest gap, it can be stored in the correct area.


Improving Security 

Assets can be assigned to staff members, ensuring management knows where the assets are at all times. Staff members can record the condition and status of the assets if required. Should a staff member take an asset off the premises, the equipment tracking software will locate it. 

The software can alert users if an asset is taken off the premises. Offering an improved level of security means that less equipment is likely to be misplaced or stolen. 

Equipment can also be checked in and out as and when it is being used. This extra level of security helps management to keep an additional eye on all assets.


Eliminating Ghost Assets

Ghost assets are pieces of equipment that cannot be accounted for. Assets such as these exist because they are either unusable or missing. As soon as a piece of equipment is labelled unusable, management can choose whether to repair or replace it. 

If a piece of equipment has gone missing, management can choose to replace it, should they wish. Equipment tracking may not be able to prevent the incidence of historic ghost assets. However, thanks to the way itemit’s tracking software works, it can eliminate future incidents.


Get Real-Time Updates

Real-time updates show users exactly where the production equipment is at all times. Users can also read notes and view photographs that staff members have left. Constantly updating, itemit’s production equipment tracking software keeps the guesswork to a minimum.


Easy To Use Interface

The easy to use interface ensures that users can gain quick access to the information they need. Whether the user is accessing the software via a laptop or mobile app, tasks can quickly and easily be undertaken. 

Production equipment can prove costly if it is not correctly maintained or it goes missing. Using the right tracking software can help to reduce costs and potentially increase production efficiency.


itemit

itemit is a user-friendly cloud-based software that allows you to track all of your assets with ease. Gain complete control of your assets with no fuss. Email our expert team today at team@itemit.com or sign up for a no-obligation 14-day Free Trial so you can see how well our asset management software works.

Equipment Tracking

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Why and How Should You Track Fixed Assets?

Why and How Should You Track Fixed Assets?

Why and How Should You Track Fixed Assets?

    Sustainable growth is at the heart of any good business strategy. However, it is common for business owners to focus purely on increasing revenues. However, after a period of rapid growth, many look up to see that profit margins aren’t what they used to be! This happens more often than you might imagine. One contributing factor to a decreased margin is a lack of control over a growing network of assets. After all, for smaller businesses, tracking fixed assets is reasonably straightforward. As you achieve your goals it is important to be constantly looking for new ways to protect what you have built.

    Using Fixed Asset Management Software To Track Your Assets


    What Are Fixed Assets?

    The generally accepted definition of a fixed asset is any item of value that business expects to own for more than a year. Top of the list are higher value items, like property, plant and equipment (PP&E). Assets including land, buildings, machinery, IT infrastructure and the like. 

    However, lower value items can also fall under the definition. The longevity of an item is what defines a fixed asset, not its value. For example, if a company buys some clothing rails and also stocks up on a popular line of dresses, the clothing rails are fixed assets, even though they are likely lower value. So, consumables and inventory do not count as fixed assets.


    Why Should You Track Fixed Assets?

    As businesses have become more reliant on technology, particularly the ‘Internet of Things’, tracking assets has become both more complicated and more crucial. This network of items forms the backbone of many modern organisations. However, over time, the integrity of this backbone can start to fail.

    Effective asset tracking lets you:

    • Keep track of what you own.
    • Monitor who is in charge of equipment.
    • Gain visibility of where your assets are at any given time.
    • Create a database of maintenance points and other key information.
    • Create a fixed asset register.

    This visibility gives you the insight and control you need to make the decisions at the right time. Namely, the decisions that reduce the impact of depreciation as well as purchasing costs. Also, it is easy for items to get damaged or go missing without being able to track when and how.


    How to Track Fixed Assets?

    Asset management is an activity that has grown in sophistication over the last few years. Having said that, there are still a lot of companies relying on spreadsheets and other traditional methods of tracking. The biggest downfall of this method is that it is not scalable. It requires a lot of manual input and any automation is likely to break as the business grows. The big appeal of this approach is that it is often viewed as low cost. After all, all you need is access to a spreadsheet tool and a little know-how. For a business just starting out, investing in an expensive software and onboarding is an unappealing prospect.

    This is totally understandable. However, this is often a false economy. Spreadsheets must grow in size, number and complexity as the company grows. This leaves more room for error and means you have to rely on certain employees to become experts on how they work. Additionally, it is not possible for spreadsheets to give you the real time insight into your equipment that you need to manage assets optimally.

    Appropriate software is no longer as prohibitively expensive as it once was. Providers have long recognised the need to scale with you. Also, cloud computing has made access to tools more affordable and easier to manage as it is not necessary to upgrade in-house storage or run regular updates. Let’s take a more in depth look at how a fit-for-purpose SaaS solution tracks fixed assets.


    GPS Tracking

    This is at the core of any asset management strategy. Knowing where your equipment is at any given time lets you respond to issues as they happen. Not to mention that accurate tracking can be an invaluable means of optimising productivity and providing a better service to your end-user. It works by adding a tracking device to your assets which sends data back to you in real-time.


    QR Tags

    Although QR tags require a manual input, they are a simple and effective way of keeping track of assets. This is particularly effective for lower value assets which might not warrant a dedicated GPS device. This type of tracking facilitates an important element of a fixed asset management strategy. Namely, checking assets in and out. This makes it simple to spot if equipment goes missing.


    Object Recognition

    This is a particularly effective way of updating your asset management database. Object recognition can recognise key information about an asset and automatically add it to your database with a photo. This can drastically reduce the amount of time required to gain true control over your fixed assets.

    There are a range of other features that you can access through access management software. Every organisation is different, so it is important to work with a provider that can provide features that work for you.


    How Can itemit Help With Asset Tracking

    itemit is a cloud based, user friendly software that has been designed to be onboarded with minimal disruption. A simple to understand user-interface is what sets itemit apart. With itemit, you can leverage unrivalled, in depth insight with an intuitive interface. Gain total control of your fixed assets quickly and with minimum fuss. Just reach out to an asset management expert at team@itemit.com and find out how asset management can help secure the future of your business. Or, if you are ready to test the value of asset management software yourself, you can sign up for a no obligation 14 day trial.

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    How Can A Fixed Asset Register Be Beneficial To Your Business?

    How Can A Fixed Asset Register Be Beneficial To Your Business?

    How Can A Fixed Asset Register Be Beneficial To Your Business?

    As a business owner, it’s always important for you to maintain and monitor your assets. What if all your asset management was automated, and you could keep track of your assets without putting in much effort? Well, you can achieve that easily. You can track and manage your assets with the help of our fixed asset register.

    An asset register organises all the assets owned by your business or company in a neat and easy-to-use online platform. You can enlist your assets and information and track them with a QR code, RFID, or barcode tag.

    A fixed asset register keeps a record of your valuable assets, and it keeps you informed about their location. itemit provides you with a unique profile and a serial number for your assets, which helps you easily identify them in the fixed asset register.

    GPS Fixed Asset Register


    What Information Does A Fixed Asset Register Contain?

    Your fixed asset register contains the following information about your asset.

    • Financial and insurance information
    • Location
    • Purchase information
    • Maintenance information
    • A description and picture of the product 
    • Asset name
    • History details

    A fixed asset register can help you run your business more optimally and keep you updated about your tangible and intangible assets regarding all their essential details.

    Calculating Depreciation: While creating a fixed asset register, you have to select a depreciation period of your asset, and it depends on how long this period can go. It is usually related to how valuable your investment is and how long you expect to have it for. 

    Considering assets’ depreciation is easy when calculating taxes and insurance premiums. You can also easily identify ghost and zombie assets and drop assets if they’re not adding any value to your business to minimize leakages. 


    How To Create A Fixed Asset Register?

    So, to enjoy these features, first, you have to create a fixed asset register. itemit is an asset management software that provides various asset tracking tools and can quickly help you create a fixed asset register. 

    You need to follow the following steps to set up a fixed asset register:

    1. Choose your assets and then provide all the information about them that can be helpful in tax management, finances, and tracking. 
    1. Use tracking tags for your assets according to your ease, like RFID or QR codes.
    1. Select a depreciation period for your asset. You can choose it by estimating how long you will use this asset and how long it will last. 
    1. Start monitoring your assets. It will improve your asset tracking and give you accurate results for your asset.


    What Are The Benefits Of Using A Fixed Asset Register?

    Having a fixed asset register can prove to be a worthwhile decision for your business. You and your business can avail of the following benefits with itemit’s fixed asset register.

    1. All your asset data in one place: After signing in to itemit, you can transfer all your required assets into one accurate asset register. You can add any asset, from your IT hardware vehicles to buildings and real estate. Once you log in, you can easily see all your asset-related information on the software. Data stored in one asset register makes asset tracking much more effortless than having multiple asset profiles stored in numerous spreadsheets.

    2. Complete and accurate information: Our fixed asset management software keeps a record and tracks the value of your assets. It also provides comprehensive information about your investment’s status, history, and location. Besides this, it also informs you about the condition and maintenance of your assets.

    3. Accounting Details: It might be a hassle to record your asset depreciation and tax reports. The fixed asset register calculates annual depreciation and forecasts the value and profit your asset delivers. It also upgrades the asset based on its performance and replaces it without adding value to your business.

    4. Fixed Asset Tagging: You need tagging on your assets to track them. itemit also helps you‌ By providing an in-built tagging system like QR codes and barcodes, which keeps asset tracking more accessible. You select tags and register your asset.

    5. Serial Numbers: Fixed asset registers provide a unique serial number to each asset. These serial numbers help you identify them and locate precisely where your assets are. Moreover, it reduces the threat of assets being lost or stolen, and in this way, you can save yourself from extra expenditures.

    6. Check in\check out: Fixed asset register provides the facility of check-in and checks out of your asset. You can ultimately know where your asset is and how it is working.


    Conclusion

    itemit asset management software provides all these benefits that you can quickly grab. It can help you to effectively manage your assets and share the record with your colleagues. 

    Spreadsheets are outdated and can cause frustration. So instead of using the spreadsheet method to manage and track your business, use itemit to save your time and money. Moreover, we consider our client’s requirements when it comes to asset tracking. 

    We are optimistic that the information in this article about the fixed asset register helped you, and you are now ready to handle your fixed asset in a better and more effective way.

    For more information, feel free to visit itemit. You can also contact us at team@itemit.com to learn more about how a fixed asset register can help you.

    You can also fill out the form below to start your free trial of the fixed asset register and enjoy our tracking services.

    Fixed Asset Register

    Choose a better way to track your assets

    Start your free 14-day trial now

    Instant access. No credit card details required.

    or, download the itemit app to get started

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