The Complete Guide to Creating a Fixed Asset Register

The Complete Guide to Creating a Fixed Asset Register

A fixed asset register can provide you and your business with many benefits. Not only can you cut down on costs but also improve your time management and efficiency.

Ultimately, you’ll be able to make data-based decisions which benefit you in terms of insurance, reducing asset downtime, reducing lost or misplaced assets, and increasing the amount of time your employees can work with a fixed asset.

 

fixed asset management work

 

What is a Fixed Asset Register?

A fixed asset register is where all of your fixed assets are logged, tracked, and monitored.

Fixed assets will exist on your fixed asset register in a digital form. This means that any changes to the physical asset can be logged and updated in your fixed asset register software.

The way to link your physical asset to its digital profile is by using asset tags. There’s a range of different tags you can use, but QR code asset tags will be the fastest and cheapest in most circumstances. 

Effectively, you scan the asset’s tag and then update the change in your fixed asset tracking software. Every time you scan the asset label, its last-seen location will also update in real-time.

 

How to Create a Fixed Asset Register

The steps to creating a fixed asset register are quick and simple. First, you’ll need to download your fixed asset tracking software onto your mobile, or access it via the web portal, then you can commence the steps towards a full fixed asset register.

 

1. Record all fixed assets

You may already have a register of your fixed assets in the form of a spreadsheet. If you don’t, that’s fine, but the first step is to record all of your fixed assets into your fixed asset tracking software.

Helpful features such as cloning and templates will streamline this process, but if you have an existing fixed asset register, an import service will also be possible.

 

2. Add information

When you’ve created your fixed asset register in your system, the next step is to add all relevant information against your assets.

This can be information such as purchase dates, depreciation information, warranties, and so on. 

You’ll also be able to add your fixed assets to hierarchical locations if they move frequently, then run a report on how long an asset has been in that location. In other words, if an asset moves between two rooms frequently, it can be logged as such. 

This is where you’ll want to test out the full functionality of your fixed asset register system. The information you add will inform your fixed asset tracking, so checking if there are features such as bookings, maintenance, and reminders will be hugely helpful.

 

3. Fixed asset tagging

The next step is fixed asset tagging. This is where you link your fixed assets to their digital profiles.

Using QR code asset tags as an example, the process will be to stick QR code asset tags onto your assets, open their digital profile, and add the QR code by scanning it.

Now, every subsequent time you scan the QR code from your app’s in-built scanner, it’ll open the corresponding digital profile.

Barcode tagging works in the same way, and RFID tagging differs as external hardware is required to scan your RFID tags. Find out more about the benefits and drawbacks of QR and RFID.

 

fixed asset tagging systems itemit

 

4. Monitor your assets

The next step is monitoring your assets and scaling your fixed asset tracking system.

Every time an asset requires maintenance, scanning the asset’s tag and logging this is what creates that asset’s history. So, the more you track, the more you monitor, and the more you update, the more accountability you get. 

The benefit is that with fixed asset tagging, updating asset information is almost instant, meaning you save time across the board while also saving money.

A job shared is a job halved, too, so scaling your fixed asset tracking further increases your accountability while minimising the time you spend in your fixed asset tracking software.

 

What you get out of itemit’s Fixed Asset Register Software

itemit’s fixed asset register software gives you a complete suite of features to monitor, track, and manage your assets.

Use itemit’s bespoke issues management system to track reactive maintenance and use our reminders feature to track repeat or pre-emptive maintenance, such as PAT tests.

You can book assets and check them in and out, as well as track them in hierarchical locations. You can also add any attachments, images, and comments you may need, giving you full control over your fixed asset management.

To find out more, you can contact us at team@itemit.com, on +44 1223 421611. We’ll get you set up in no time!

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Equipment Management Software, Gardening, and Farming

equipment management software, gardening, and farming

The sun is shining, and Summer is on its way. Gardening in lockdown has taken many of us by storm! It’s seen many of us taking to our gardens to tidy up our borders and plant flowers, vegetables, and herbs. Now is as good a time as any to get the gardening bug and start on some home-grown and tasty fruit and veg. But how can equipment management software help with your gardening? Knowing how to track your tools can help get the best results when it comes to sowing your seeds.

 

Home Gardening and Equipment Management Software

Anyone can start planting things, whether you have a garden or not, green-fingered or a complete beginner! Gardening boosts your mental and physical wellbeing and can be a rewarding outlet any time of the year and under any circumstance.

When you are planting your seeds, or if you’re cultivating tall, fruitful plants, managing your tools and equipment can help you keep track of what kit you have and also what’s in each pot, when they were planted and so much more.

 

Small Tool Tracking Software

You’ll have trowels, shears, scissors, and any number of small tools that you can track and manage.

Using small tool tracking software allows you to see where all of your tools are at any given moment. There are two ways you can do this, either by scanning the tag or by using a bespoke location feature.

With the itemit location feature, you’ll be able to create your own custom hierarchy of locations. What this means is you can log all of the small tools you have in your garage and drawers for quick retrieval in your equipment management software.

When you’re planting something, you don’t want to waste any time. So, small tool tracking software can show you where all of your tools are in an instant.

locations and asset tracking software

Asset Management for your Plants

So, by the time your plants are growing and thriving, you’ll have all of your small tools tracked and managed.

What’s next, then?

Track your plants! QR tags are a very easy way to record what’s in each of your pots, when they were planted and any special care instructions you need to keep an eye on. Click here to get your own QR code tags. If you stick a QR code asset tag onto your plant pots or labels, you’ll be able to retrieve all the information you need in an instant. Simply scan the tag and update the profile!

Having an asset register of your plants means you can log when they were last watered, when they were planted, and other crucial information such as this.

You can add any information you need to your plant’s profiles. In your equipment management software, you’ll be able to add information such as what conditions your plants thrive in. This is helpful whether you’re leaving them out in the sun or if you’re using a greenhouse.

Small tools tracking and gardening
How to track your tools and plants
Equipment management software and gardening

Farming and Equipment Maintenance Tracking

Farmers can use equipment management software for all the same uses. You can also use an equipment management solution to track the maintenance of your tools and equipment.

With the best asset management software, you’ll be able to use an issues management system to track your machinery and vehicles. This way, if a tractor requires maintenance, it’s an instant process to log the issue and add it to the equipment’s history.

So, whether you’re a farmer or gardening as a hobby, itemit’s equipment management software will help you get the best yield of plants possible!

To find out more, you can contact us or fill in the form below. We’re always happy to help!

Start Using Equipment Management Software to Track Your Plants Now!

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Asset Management Software and the Ease of Lockdown

Asset Management and the Ease of Lockdown

With the sun shining outside and what feels like the beginning of the lift on the current lockdown restrictions (although we’ll await the government’s update later today before getting too excited!), it’s time to start thinking about what’s to come. We’re all very excited to start shopping again, to enjoy a bit of summer, and to see our loved ones.

So, with the early signs of a move towards going back to work for many, it’s time to start considering plans and processes that need to be in place to allow us all to continue to abide by Government guidelines. Along with many other key measures, it may also be time to start considering an asset management solution to help ease this transition. Let’s take a look at some of the key aspects we should all consider.

 

Track and Trace

The government recently unveiled a new track and trace system which hopes to localise lockdowns. Instead of the country, households, places of work, and individuals will be notified to self-isolate to keep that now-infamous R number down.

The new method aims to cut down infection transmission by 50%, meaning that we can go back to takeaway coffees, pubs, and socialising as soon as possible.

With this in mind, and with ideas of tracking, is it time to start your own asset tracking and management?

If you want to learn more about using itemit to help the fight, check out how you can use itemit in the response against COVID-19.

 

The New Normal

First of all, the “new normal” has become a buzzword. 2020 has been a year that’s shifted through a few ideas of what “normal” is. When it comes to working from home to spending more time with friends and family online, a lot of this might continue. Asset management can help you if you’re working from home.

Using QR code asset tags helps you see where assets are, so you can verify at a given moment that all of your employees have everything they need.

Knowing which assets your employees have access to using our assignee feature keeps a level of accountability that you risk losing when you start working remotely.

Assign Assets to your Colleagues

Phased returns to an office or rotating employees mean that assets will move a lot more frequently, too, and so asset management can help you track these movements to and from the office. itemit is highly effective as IT asset management software, so you’ll be in safe hands!

 

Hygiene and Hospitality

Asset management can also help you keep everything clean. Facilities management is one of the many industries benefiting from asset tracking software, and this relates to cleanliness.

But, with cleanliness becoming something more scrutinised across all industries, a lot of the facilities management processes which asset management can help with can be translated to coffee shops, pubs, bars, anything!

Using reminders, issues management, comments, and other asset management processes helps you track when things were last cleaned and if they’re appropriate for use.

Your inventory and fixed assets are also crucial when it comes to reusing equipment, such as cups and cutlery. A bespoke fixed asset register helps you track and manage your assets with ease!

 

Charity Shops and Asset Management

Finally, it’s unclear at the moment what’s about to happen with charity shops. It’s predicted there’ll be a deluge of donations to charity shops which means asset management will become crucial in tracking this stock.

With many people donating their lockdown sweatpants and other clothes after general spring cleaning, asset management can help ease the load charity shops will receive.

New stock will need to be quarantined for 72 hours, too, so you’ll be able to use an asset management system with a reminders feature to track and manage when stock comes in, and when it’s ready to be sorted and put onto shelves.

Charities can also get a discounted price for using itemit! All you need to do is contact us or fill in the form below.

Find Out More About How Asset Management Can Help

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7 Sectors That Benefit Most from Asset Tracking Software

7 Sectors That Benefit Most from Asset Tracking Software

 

Asset tracking software has proven to be effective in offering organisations an accurate solution when it comes to controlling and overseeing their resources, equipment, tools, properties and assets.

Establishments across multiple industries have recognised the advantages of acquiring an asset tracking app to gain full visibility over every asset-related activity. They’ve also turned to these platforms to make well-rounded decisions regarding their resources. 

According to Research and Markets, the global asset tracking app market is expected to grow by $2.4 billion by 2025, with a 15.1% compound growth.

The best asset management software relieves organisations from the brunt they need to bear in monitoring and managing their resources and protecting their ventures from credibility damage and financial loss. It presents them with certainty; thus, allowing them to make significant choices that are geared towards growth. 

So which sectors gain the most from utilising an asset tracking database? Check our list below to find out. 

 

1. Manufacturing

The engineered functions and perceptive interface of an asset tracking software make the possibilities for resource management limitless. 

While there are a lot of sectors that benefit from such platforms, the manufacturing industry is one of the fields that gains the most. For instance, prominent wineries and vineyards maximise the best asset management software by attaching a Barcode or applying an RFID Tag to their wine barrels to organise their cellars effectively and to ensure that their supply chain runs smoothly. 

Meanwhile, other large-scale ventures use an asset tracking database to keep an eye on various resources such as shipping containers that are located across the world. Another good example would be an industrial gas supplier using the platform to check the status of their gas containers by location and generating a report from it. 

Apart from the solid database an asset tracking software offers, companies can configure other functions such as information perception and information collection without the need for programming skills, guaranteeing successful display and gathering of relevant data.

Basically, for manufacturers, an asset tracking database is a dream come true, since it lets them virtually trace anything pertinent to their business. 

 

2. Rental services 

Equipment hire businesses operate differently from their regular retail peers. While most traditional merchants market an item and terminate its lifecycle the moment it’s bought, equipment hire enterprises sell usage of the item for a period of time and retrieve the loaned apparatus once the fixed time is up.

Because of this, having an asset tracking app has become the backbone of any successful rental-based company. Examples of these ventures include large equipment rentals such as businesses that let out bulldozers, excavators, backhoes, forklifts and cranes. They also include organisations that lend small tools such as hammers, saws, drilling machines and ladders, which need tool tracking software for construction. And even audiovisual equipment rental establishments that supply microphones, cameras and recorders. 

These enterprises depend on the capabilities of these platforms to cater to their unique business needs. In these systems, items are catalogued in an asset tracking database, rental reservations are registered and booked, and the condition of equipment is taken care of with scheduled checks and maintenance. It covers all essential touchpoints in equipment hire, from apparatus acquisition to customer interaction to scheduled pickup and servicing. 

With the best asset management software, rental-based organisations are more likely to accomplish operational success. 

 

3. Health 

Systematic healthcare provision is vital to all societies; however, budget constraints and sparse resources can often hinder healthcare establishments from reaching full productivity.

Huge quantities of costly operational equipment have a tendency to be misplaced or lost due to unorganised systems that are set up as they transfer from one hospital to another. These incidents not only cost more money but also put patients’ lives at risk. Porter costs are also increased as replacements are requested. These hurdles can be dodged with the best asset management software that supplies the precise real-time location of all marked assets. 

Besides tracking equipment, healthcare institutions can use asset tracking software for patient welfare. High-risk patients require regular monitoring, and the lofty demand for manpower places a tiresome yoke on both hospital staff and budget. 

To resolve this, hospitals and clinics can construct patient profiles to cater to patient needs. Patient information can be persistently examined to generate insights on behaviour and inclination. Medical staff can also be monitored for their own security and well-being by providing them with devices that are equipped with your platform. 

An asset tracking system, therefore, transforms the way healthcare establishments track resources in real-time. 

 

4. Military

From electronic devices to high-grade weapons to robotics to safety apparatus, an asset register can be a complete solution for resource management in the military. Worldwide, army, navy, airforce and special operations use these reliable tools to make sure that they don’t overlook any valuable asset. 

Most asset tracking databases are compatible with multiple tagging technologies and offer functions such as QR, Barcodes, and RFID technologies. When it comes to the asset management market, RFID-based solutions are emerging as a top trend, as per Report Linker’s Asset Tracking Market study. In the context of tracking assets and equipment linked to ensuring the safety and protection of a nation, then its forces must apply only the latest and most effective techniques. 

 

5. Information Technology

Juggling information technology tasks are costly and complicated. An asset tracking database alleviates this by supplying a single repository to house all data connected to both hardware and software as well as additional inventory under the IT umbrella. This means computers, apparatus, applications and gadgets used for networking. 

Usually, an asset tracking database is targeted for overseeing inventory, which spans a business’ complete networking and technological services. More developed platforms provide automation to handle assets more firmly and to organise essential data for reporting and resolution. 

Although most platforms offer simple tools, the best asset management software integrates with other platforms to streamline the entire tracking process. It allows IT managers to monitor one to million pieces of mechanical resources anywhere and infuse this information with servers, networks and maintenance when needed so that troubleshooting is conducted swiftly and smoothly. 

 

6. Corporate 

From small startups to large enterprises, an asset tracking app can oversee any company’s resources through a centralised system that stores precise assets details. These pieces of software can aid organisations in monitoring their assets’ complete lifecycles, beginning from the minute they are registered in the system to all the encountered transfers, adjustments and changes and until their eventual disposal. 

Having asset tracking software is ideal for enterprises with a huge amount of assets and multiple branches and offices. It’s also recommended for companies that are looking to scale since these platforms are tried and tested when it comes to meeting business needs both in the present and in the future. 

The best asset management software is established on well-grounded infrastructure, is flexible, and is designed with optimisation in mind. It can also be configured to accommodate importing and exporting solutions as well as specific inventory and security roles.

 

corporate events asset tracking software

 

7. Property and facilities 

Some ventures focus on letting out places such as communal outdoor areas, function rooms, conference halls and open green spaces, to name a few. With an asset tracking solution, these companies can keep an accurate inventory of their property and facilities according to geographical location, condition or other attributes. 

Additionally, they also connect them to cost departments and groups to monitor ownership and reinforce financial reportage. In terms of monitoring condition and status, they use the asset tracking app to oversee the condition of their facilities, arrange warranties as well as schedule inspection and maintenance with the appropriate personnel. They can also use the platform’s insights to supply operations visibility to both clients and management. 

 

The best tools for the best business

So now you’ve seen how helpful an asset tracking app can be even though we haven’t listed all sectors that gain enormous advantages from these platforms Suffice to say that an asset management software can give you in-depth visibility on all resource-related matters in your company, boosting your efficiency and bringing the bang for your buck.

Looking for more tools besides an asset tracking software to help you in your business during the pandemic? Check out these 15 ways to improve remote working.

Start Benefitting From Asset Tracking Software Now!

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How to Optimise Your UK Asset Tracking System Usage

How to Optimise Your UK Asset Tracking System Usage

There are many ways you can get the most out of your UK asset tracking system. From tracking asset location to monitoring and managing maintenance, using asset tracking software can save you more time and more money if you’re getting the best out of it.

So, how do you get the most out of your UK asset tracking system? From leveraging features to making the most out of support, we have all the answers.

 

Use QR Code Asset Tags and Record Asset Location

First of all, you’ll want to use asset tags on your tools, equipment, and fixed assets. Asset tags help you link your assets to their digital profiles, making any changes to your assets quick and easy to record.

With QR code asset tags, all you need to do is scan the tag, and the asset’s profile will appear, ready to be edited. 

Using itemit, every time you scan the asset’s tag or label, the location of that asset is automatically recorded. This makes tracking usage and an asset’s last seen location simple, speeding up asset retrieval and increasing accountability.

 

qr code asset tags

 

Make the Most Out of your UK Asset Tracking System’s Features

There may be many features your UK asset tracking system has that you haven’t played around with, yet. We recommend taking full advantage of your asset management system’s features to increase your return on investment as much as possible.

Here are some of the most popular features in itemit that are clients use daily to track assets and equipment.

 

Collections

Collections are how you categorise your assets. You can share your entire asset register with your colleagues, or just one or a few collections. Therefore, if someone only needs access to, for example, your IT assets, you can share a collection of your IT assets with them.

Collections also help with reporting, as you can report on categories of assets via filtering by collection.

 

Using Collections for UK Asset Management

Hierarchical Locations

Hierarchical locations are how you can track your assets when they travel between sites or even between rooms in one building. This means it’s also possible to use reports to track how long an asset has been in each location.

If you see that some assets are moving around a lot more frequently, it’s clear that another one of those assets may be required to improve productivity.

 

tracking asset locations

Assignee

With assignee, you can give your colleagues a smaller group of assets to track. Asset management software with assignee features allows you to split up your asset tracking into smaller, more manageable chunks.

Onboarding new members of staff is a lot simpler with assignees, too. If you need to give each new starter a laptop, a desk, and a monitor, then you can use the itemit assignee feature to record which pieces of equipment and hardware are given to each of your colleagues. Thanks to the itemit issues management feature, you can also then easily check if they’ve reported any issues against their items too.

Asset Booking System

An asset booking or equipment check in check out software shows you which assets are available for use and which are currently checked out.

You can check assets out for many reasons. If they’re being used by a colleague, or if they’re undergoing asset downtime for maintenance, or even if they’ve been rented out to another company, an asset booking system allows for across-the-board transparency for your workforce.

Reminders and Issues Management for Equipment Maintenance

Finally, your UK asset tracking system can be used for equipment maintenance and management. 

Get notifications on your phone for when reminders for calibrations, PAT tests, or routine maintenance is required. Then, use a bespoke issues management system to report required maintenance on the fly.

The best UK asset tracking systems allow anyone to report the issue using public profiles. A smart AI bot will then prioritise the issue by severity, ready to be queued for your maintenance team.

Tracking maintenance with public profiles

Make the Most out of Local UK Support

Finally, if you want to find out more or if you want to know if there are even more ways to improve your asset management processes, you can contact the local itemit support team.

The itemit team are more than happy to talk through all of your asset tracking requirements and your workflow. We have years of experience in solving your asset tracking issues, so get in touch now and we’ll get you started!

Try Our UK Asset Tracking System Today!

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Instant access. No credit card details required.

or, download the itemit app to get started

What is Equipment Check In Check Out Software?

What is equipment check in check out software?

We’ve all been there. You need to use something, you look for it, it’s not where it’s supposed to be. You pause, look around. You ask a colleague. They don’t know. 

Eventually, you’ll find out that it’s being used, but you’ve just spent a huge amount of time wandering around looking for a piece of equipment when you could’ve been working on something, instead.

This is where equipment check in check out software comes in. If this is a new concept to you – prepare to be amazed! Check out our quick tutorial video below which shows you how to book and checkout equipment using itemit.

bookings and check in check out

What can an Asset Booking System Do?

An asset booking system allows you to have more control and visibility over your equipment. The ability to book assets in advance gives you the guarantee that the assets and equipment you need will be available when you need them. In addition, it shows all of your colleagues when they’re able to use assets.

This is helpful in many ways. You can book equipment for when:

  • It’s required for maintenance/ asset downtime
  • You’re planning on using it
  • It’s getting hired out to another business
  • You’re booking equipment out to a colleague
  • You’re booking equipment out to a customer
  • You’re checking assets out to a contractor

When it’s time for your booking to start, all you have to do is scan the QR code asset tag or barcode on the equipment and press “check out”, and it’s yours for the booked duration.

 

equipment check in check out software 

 

Using Equipment Checkout Software to Track Asset Whereabouts

It’s crucial to know where your equipment is, and this is even more critical when your assets are spread across multiple sites. You need to have visibility over what equipment is at each site, otherwise, things can get very messy and assets can get lost or left behind! This is very common in the construction industry. We know the last thing you need is to be wandering around looking for lost tools – that’s why with itemit you can see at a glance where assets are using itemit’s handy asset tracking app.

With equipment checkout software, construction is streamlined because everyone can see where assets are, who is currently using them, and whether or not they’re available.

Overall, this raises productivity and morale, but it also saves you time and, therefore, money. Not only this, but you will also lose or misplace fewer assets due to the additional accountability itemit gives you.

 

construction equipment checkout software

 

Working From Home and Using Equipment Check In Check Out Software

What if you’re, like many, working from home at the moment? How does equipment check in check out software help you in this case? Simply scan assets and check them out to your colleagues to record who has what. If you’re still sharing assets, too, or if you’re moving back and forth to and from an office, you’ll be able to assign equipment and check it out to colleagues that need it. 

Find out more about how itemit’s equipment check in check out software can help by contacting us or filling in the form below. We’re more than happy to help you get set up!

Start Using Equipment Check In Check Out Software Now

Start your free 14-day trial now

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