How Can The Healthcare Industry Use Asset Tracking Software?

How Can The Healthcare Industry Use Asset Tracking Software?

How Can The Healthcare Industry Use Asset Tracking Software?

The healthcare industry is high pressure. Decisions need to be made quickly to ensure patients are getting the best possible treatment. Because of this, equipment needs to be maintained, clean, and effective for as long as possible.

Fundamentally, asset tracking software is the best way to ensure that healthcare assets are maintained well and fit for purpose, while also ensuring accountability and a visible audit trail.

Asset tracking software has many other benefits, too, including cost and time savings. This means more budget and more time to improve welfare and focus on other critical, daily challenges.

Asset Tracking-Healthcare


What Assets Can You Track?

So, what assets can you track using asset tracking software? The answer is simple… Anything! Any bit of kit, any consumable, any high-value tech can be monitored, maintained, and tracked using asset management systems.

This is as asset tracking software works by allowing you to create unique asset profiles for your equipment, similar to social media accounts. Each of your assets will get a profile with space to record what its status is, where it is and who has been using it.

Therefore, if you’re tracking PPE, you can log who it belongs to and when it was last used. If you’re tracking critical kit, you can add preventative maintenance reminders and show where it was last logged in, for example, a hospital.

The possibilities are endless, which means you can have a clear, robust healthcare asset register of everything you own.


Fixed Asset Management Benefits

The benefits of fixed asset management build on the practical, day to day benefits of a visible audit trail. A visible audit trail, for example, makes it easier to find and use kit and gives you the peace of mind that it’s maintained.

Fixed asset management, however, gives you more cost benefits and ensures operational risks are mitigated. With a clear fixed asset register, for example, it’s much more difficult to purchase duplicates.

Then, ghost and zombie assets are also avoided. Ghost and zombie assets can create difficulties in sourcing equipment and can create tax and insurance risks, too, so they can be costly.

Overall, fixed healthcare asset management solutions reduce accounting risks and errors, which means better financial health, but also fewer operational mishaps.


Fixed RFID Asset Tracking Solutions

Now, it’s possible to take all of this further and automate location tracking, too. With a fixed RFID tracking solution, you can track which ward your assets are in without any manual intervention. You can also improve the safety of high-risk patients by automating security measures using fixed RFID.

How does this all work? It takes the concept of unique assets to the next level. 

As all of your assets are unique, you can tag them with unique QR codes, barcodes, and RFID tags. When you use QR code or barcode asset tags, you can run audits and discover assets just by using your phone’s camera.

Every time you scan an asset’s tag, that asset’s profile will open and its last seen location will update. Therefore, if you spot an issue, you can simply scan the tag and report it.

RFID automates this. With RFID, you can scan tags from a distance using RFID readers. Therefore, you can audit a room and detect the assets within from outside so as to not disturb patients. You can also bulk scan assets, saving you time.

Fixed RFID is the next level up. This allows you to affix readers on choke points. Then, whenever a tag passes through the readers’ field, the location will update automatically to log that an asset has just entered a certain location.


The Benefits Of Healthcare Asset Tracking

Asset tracking software for healthcare has clear benefits. With asset management systems in place, you can save time, save money, increase visibility over assets, increase security, increase accountability and more.

In a high-pressure environment, the fewer decisions you need to make the better. With fixed RFID asset tracking and with conventional asset management, a lot of your operations are automated and more transparent, making it easier to know what you need to maintain and where.

Overall, healthcare asset tracking software gives you more control over your assets in an environment where this is critical.

To find out more about how itemit’s asset tracking software can help you, you can fill in the form below to start your 14-day free trial. You can also contact the team at team@itemit.com or 01223421622. We’ll help you get set up and running.

Healthcare Asset Tracking

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

Related articles

Why You Should Track Workspace Equipment

Why You Should Track Workspace Equipment

Why You Should Track Workspace Equipment

Equipment management should be an essential part of your operations. With equipment management, you get more accountability, a clean audit trail, and time and cost savings.

So, why should you track workspace equipment? Quite simply to increase safety, save time and save money.

Money saving Asset Tracking


What Is Equipment Management?

Equipment management is the discipline of logging your equipment and tracking its data. With successful equipment management systems in place, you’ll know what you own, where it is and any key asset information.

Managing your equipment means the ability to see what’s damaged and knowing what to distribute to or collect from jobs or employees. With successful IT asset management, for example, you’ll be able to tell at a glance who has each of your laptops. 

In the past, spreadsheets were widely used for equipment management operations, but technology has since improved. Spreadsheets quickly become unmanageable, especially for growing businesses.


Using Asset Tracking Software

The creation of asset tracking software rendered asset register spreadsheets obsolete. With asset tracking software, you can create clean asset lists and export them for auditing and accountability purposes.

Instead of editing cell by cell, you’re editing the data within your assets’ profiles, too. This means that you don’t have to navigate to a specific laptop in a spreadsheet and scan right to find the correct cells to update.

Asset tracking software also gives you the ability to use asset tags. Asset tags are physical tags, mostly QR codes or barcodes, that you can stick onto your assets. 

Asset tags allow you to speed up some asset tracking processes. For example, you’ll be able to scan an assets’ tag to open up its corresponding profile. Here you can report issues on assets or update any relevant information.

Scanning your assets’ tags also updates their last seen location using your phone’s GPS data. So, you’ll know where your assets have been seen and who has been interacting with them.


How To Track Workspace Equipment

So, how should you track workspace equipment? Each bit of kit will be different and unique, so the bits of information you track will be different. The key themes will be the same, however.

Fundamentally, no matter the bit of equipment, you want to know where it is, what its status is and who has it. You’ll also want to know who’s responsible for it and build up a robust audit trail this way.

Therefore, if you’re tracking a laptop, you’ll want to set an assignee up. Then, you can assign your laptop to your colleague and log that they’re responsible for it. If they hand in their notice, you’ll know exactly which assets you need to retrieve from them.

If you’re tracking tools, it’s much the same. You want to know who is using the tools and where they are. Therefore, should something go wrong, you have a full audit trail and an accountable workforce.

With a range of helpful features, with equipment management software, you can track asset locations and report issues against assets, as well as group assets by type. Overall, these helpful features give you visibility over your assets and create a transparent and helpful asset register.


itemit’s Equipment Management Software

itemit’s equipment management software gives you all of this and more. With itemit you can:

  • Check assets out
  • Book equipment
  • Assign assets to users
  • Track asset locations
  • Track asset issues and maintenance
  • Use your own asset tags
  • And more!

itemit gives you a clean and manageable user interface, too. With itemit, you know you’re getting significantly better than a spreadsheet with more thought, support and care put into every feature.

Anyone can use itemit, whether you’re in the UK, Australia, the US or beyond, we’ll be happy to help you in getting set up with the system. This is why it’s being used across the globe in every industry imaginable.

To find out more about how itemit’s equipment management system can help your business, you can contact the friendly team at 01223 421611 or at team@itemit.com. You can also fill in the form below to start your very own 14-day free trial, no strings attached!

Equipment Tracking

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

Related articles

The Importance of IT Asset Management

The Importance of IT Asset Management

The Importance of IT Asset Management

IT Assets can be some of the most expensive assets your company owns and having no visibility over them can have costly effects detrimental to the daily operations of your business. IT Asset Management simply means managing your IT Assets but by using powerful and smart software to do so, and no, we aren’t talking about the likes of a spreadsheet… Although they are easy to use, technology has come a long way since then! 

To explain in better detail, IT Asset Management is a process used to ensure your business’s assets are maintained, used, accounted for and disposed of when no longer required. It’s a super-easy way to make sure all of your tangible and intangible assets are monitored and used efficiently. 

IT Asset Management


What Are The Two Main Types Of IT Assets?

You may be confused on whether IT assets include hardware or software or both? Well, IT assets do include both! 

  • Software: Programs and other operating systems purchased or leased by your company. This could include a bookings system your business uses daily, or even a graphic design programme used to create your marketing graphics. Although you may wonder why you’d consider tracking software as it’s not a tangible asset, there are many good reasons! For instance, a lot of software is leased on a subscription basis and may run out each year, by tracking software you will be able to keep an eye on your renewal dates without it impacting your usage. 

  • Hardware: IT Hardware is usually considered to be any component of a computer or digital item. Examples of IT hardware are: Computers, keyboards, a mouse, printers, USB sticks the list extends quite far. Hardware is a more obvious asset to track since it’s tangible and can more easily become lost. It’s also evident tangible assets can be moved around between many more locations, require greater maintenance and have shorter life spans than non-tangible assets which highlight a real need to track hardware within any business that wants to save both money and time. 


The Best Features For IT Asset Management

itemit’s asset tracking software can be utilised to manage your IT Assets. As you may already know itemit has many useful and smart features, but the question is which are the best to use for IT asset management? Let’s have a look at those features and how they can aid in your IT asset management journey.


Asset Register and Tags

Two of itemit’s main features and most important are the asset register and asset tags. The asset register logs all of the assets that your business owns and identifies who is responsible for those assets. Whilst asset tags can be QR or RFID and aid in identifying your assets and displaying their profile. 

An asset register will help you manage your IT assets through its ability to give instant visibility and an overview of all the IT assets you own. From the asset register, you will be able to see who is responsible for each asset which will instantly improve accountability and minimise the chance of a lost asset, particularly hardware that can easily go walkabouts! Not only this but the asset profiles displayed within the register can contain as much data about each asset as you like. It even allows attachments so you can upload warranties for hardware, or licence agreements for software! It’s the ultimate place to store important information. 

Asset tags are a great addition to hardware in particular, through using itemit’s QR asset tags you can attach them to an asset profile which means each time the tag is scanned, the profile will open. This means it’s easy to find out important information about an IT asset at the click of a button! Saving time and making your operations more efficient. Alongside this super useful feature, each time a tag is scanned the last seen location will update using GPS, this is a great tool for knowing the whereabouts of your IT assets and can once more decrease the chance of a lost asset.


Reminders and Issues

Both reminders and issues are added benefits of using itemit’s asset tracking software. Reminders allow you to schedule important dates, this may be maintenance for your hardware or even regular PAT testing. Having the ability to never miss an important maintenance date again will lengthen your hardware’s lifespan, lessen the chance of broken hardware going unnoticed and maximise your return on investment. Reminders are also the perfect solution to remembering your software renewal dates and licence end dates. Reminders all in all allows you to have streamlined organisation over your IT assets.

The issues reporting function allows users to report problems with their hardware and then gives the ability to notify those in charge of repairs and maintenance. Having hardware issues visible and recorded increases the chance of IT assets being repaired quicker due to the right persons being promptly notified which means the asset is likely to be out of use for a lesser time than would be the case without IT asset management.


Locations and Collections

A perfect way to increase visibility and organise your IT assets is through the use of locations and collections. Both features allow you to organise your IT assets into hierarchies, making searching for multiple assets easier. 

Locations is also a great tool to ensure IT assets are being kept in the right place, if you found an IT asset and were not sure where it belonged you could scan its tag and identify where it should be. Similar to the last seen location, locations can also help minimise lost hardware. You can even utilise locations to display for example which buildings were using certain types of software. This can be used for future planning and business decisions. It’s a great way to open up the visibility of your IT assets and become the most organised business around!


Why Tracking IT Assets Is Important

Tracking IT assets in your business is just as important as tracking any asset, the benefits outweigh any implications or challenges a business may face from their assets.

That’s why it’s important to track your IT assets to improve your business and instantly see results, if we were to breakdown the main benefits of IT asset management they would be:

  • Improve Visibility Of Assets
  • Ensure Optimum Utilisation Of Assets
  • Reduce Costs 
  • Ensure Compliance Regulations Are Met
  • Reduce The Likeliness Of Lost Assets 
  • Increase Accountability

So now you must be thinking why haven’t I used IT asset management before? Well for many it’s a completely new concept but one that’s never too late to start!


itemit, The Ideal Solution For IT Asset Management

If you’d like to drastically increase visibility over your IT assets, and save your business time and money then take advantage of itemit’s free 14-day trial to access all of its powerful features and take a peek into all the benefits it could offer you! 

If you have any questions or would like to know even more on how itemit can help you then what are you waiting for book a demo today and see itemit in action. You won’t regret it! Or alternatively don’t be shy to pop the team a message at team@itemit.com

IT Asset Management

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

Related articles

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

GPS Asset Tracking: Explained

GPS Asset Tracking: Explained

GPS Asset Tracking: Explained

As the world evolves rapidly and technology continues to innovate, we see GPS becoming more and more frequently used. GPS is becoming a popular method for businesses to track their assets, so how is it used in asset tracking and what are the benefits?. This blog will tell you all about GPS Asset Tracking.

gps asset tracking


What is GPS Asset Tracking and How Does It Work?

GPS technology is commonly known by most through its purposes on mobile and smartwatches for mapping and location features. However, GPS can be used much further, including its use for asset tracking. So you must be wondering what the term ‘GPS Asset Tracking’ actually means?

GPS Asset Tracking is simply the use of a global positioning system to track assets by communicating with satellites. As long as an asset is fitted with a GPS tracker, its location can be found and its movement can be monitored. 

This means assets can be located with their real-time location, which greatly improves asset visibility and reduces the chance of lost assets.


itemit’s GPS Trackers

GPS trackers are portable devices that allow users to track and monitor their location. They can be easily attached to an asset, instantly giving clearer visibility as to where the asset is located, and any movement or journey it takes. 

itemit’s GPS Trackers are easy to use and come with a rechargeable battery, so there’s no need for them to be wired up constantly. They work best on larger sized assets due to their size being less discrete. Each tracker comes with its own sim and data plan which will run for a year, this is needed to allow the trackers to work and correctly link up with the GPS satellite system. 

All data collected by the GPS device is sent into itemit. This means all collected GPS data can be viewed in your itemit workspace within your asset’s profile. 

You will be able to see a live location of the tracked asset and any movement it makes. This is similar to how our QR tags work, however with GPS you will not need to scan your assets each time to update the location. Instead, the location updates are in real-time.


The Best Assets To Track With GPS

The most commonly used purpose of GPS asset tracking is for fleet management. Due to the fact that vehicles are constantly on the move. However, you can use GPS further to track tools that move from site to site, or even equipment that may be used between different geographic campuses or locations. 

GPS tracking devices are however sized quite large, so they would only suit an asset of a larger scale, for example, they wouldn’t be able to be attached to a hammer, but they could be attached to a tool kit. 

itemit’s QR tags do work with GPS but only upon being scanned, so whether your asset is often on the move or not will determine if you need GPS Trackers to give real-time tracking.


3 Benefits To GPS Tracking

Now you know what GPS Asset Tracking is, let’s talk a little bit about what the benefits are to using it. 

1. Theft Recovery – With vehicles, tools and equipment being some of the most valuable assets your business could own, an obvious risk is the possibility of theft. Which could ultimately leave your business at a loss financially and delay your operations. So by using GPS trackers on your most expensive assets, especially those which move around you can easily monitor the location and quickly identify unusual locations or potentially unauthorised use. If stolen, GPS can also help authorities recover the asset from the GPS trail it creates, which will minimise excess expense from replacements.

2. Reduce Lost Assets – When a business has many assets and many employees it’s all too common for assets to go missing simply from being misplaced or by not being returned to the correct location where they may be stored. The benefit to having GPS asset tracking means employers and employees aren’t spending countless hours searching for misplaced assets and are therefore saving great amounts of time. Overall, this allows people to utilise their time better and therefore save money as there is then more time to do essential work over having to waste time searching for equipment. Fewer overtime hours may be required which means less money to be paid.  

3. Increased Visibility – GPS trackers help managers and business owners have better visibility of how an asset is used, how often and where it is being used. The insights provided can lead to improvements to productivity within their workforce and ultimately once more save time and money. GPS asset tracking could also highlight assets that aren’t being used at all, perhaps for instance when used for tracking vehicles you would be able to see when your work vehicle has sat idle for a long period of time and therefore may be a wasted expense for your business. You could even take vehicle tracking a step further and view the GPS journey your vehicle takes to see whether there are quicker routes to take when going to a job. Which ultimately could save your company money on fuel. 


Use itemit’s GPS Today!

If you think GPS Trackers are the solution your business is looking for then why not get in touch? Track your moveable assets and increase your visibility whilst never losing an asset again! Our friendly team is available to get in touch with via email at team@itemit.com

If you want to get started right away then why not register for our free 14-day trial below, if you like what you see with itemit then you may consider purchasing the software to use alongside itemit’s GPS trackers which are available for purchase. Bringing GPS and itemit together to create something powerful. We offer full UK support with all GPS purchases, so we can ensure all your asset tracking needs are met.

GPS Asset Tracking

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

Related articles

Asset Tracking Software: Helping Leprechauns Track Their Pots of Gold

Asset Tracking Software: Helping Leprechauns Track Their Pots of Gold

Asset Tracking Software: Helping Leprechauns Track Their Pots of Gold

St Patrick’s day has become a celebration of Irish culture, most known for involving a whole load of all things green from four-leaf clovers to, of course, Ireland’s very own mythical being: the leprechaun. 

Burrowed deep in underground caves often with hidden entrances or within the hollow trunk of a tree leprechauns find a place to call home, away from human life so they can dance around all day and admire their hoards of gold! 

Known as shoemakers by trade and gold hoarders by night, it’s a very busy life being a leprechaun with a lot to manage! But just how do they keep track of their shoemaking equipment and, even more importantly, how do they know where they’ve hidden their gold? Well, rumour has it, it’s pretty simple – they use an asset tracking software called itemit!

But what exactly is itemit and how do Leprechauns use it, you may ask? This blog will reveal all on how itemit is a leprechaun’s very own lucky charm!

Asset Tracking St Patricks Day


What Is Asset Tracking Software?

Asset Tracking Software is a useful tool for businesses and organisations to have better control over their assets. The software enables you to view an asset register, assets’ locations, monitor who is responsible for assets, export reports and add in important asset information alongside many other capabilities. Its main aim is to prevent losses from assets, whether that be financially or time-wise while also improving the overall operations of your business.


How Does A Leprechaun Track Their Tools and Much Loved Gold?

Leprechauns discovered an asset tracking software that would mean they never lose a pot of gold again while also enabling their shoemaking equipment to have a longer lifespan through regular maintenance. It’s been the ultimate tool to manage their valued items. Let’s see their most loved asset tracking features!


Labelling A Leprechaun’s Treasures

Whilst leprechauns stash away tonnes of gold every year and have multiple tools to work with, they soon realised they needed a solution that would enable them to uniquely identify each item they own. To do so it was really important they use QR tags. 

itemit’s QR tags are sticky labels that can be applied to any asset to give it a unique identity. The QR tags are then assigned to an item’s profile and can be scanned using the itemit app. Every time an asset is scanned, the item’s profile will open, displaying any important information you have previously inputted about the asset. 

The real benefit here meant visibility over the leprechaun’s assets were enhanced, making day to day tasks less of a worry. There was no longer a need to count the amount of gold in each pot, this could be identified from a quick scan to show the data that had already been inputted on the asset profiles, which in this case was the quantity of gold enclosed. Managing gold never felt so easy, all from the help of QR tagging!


Locating The End Of The Rainbow

As mentioned above, QR tags are a real benefit for identification, but that’s not all… Every time an asset’s QR tag is scanned, it updates the last seen location of an item using GPS. How cool is that? So each time a leprechaun hides his gold he will be able to check its last seen location, with a helpful map displaying the pinned GPS! As we know it’s more than likely hidden at the end of a rainbow.. but just which rainbow could it be or maybe he was feeling mischievous and wanted to hide it someplace new!

If you know a specific location an item should be in, the alternative to ‘last seen’, is itemit’s location feature! This enables users to assign items to set locations and use location hierarchies. Typically helpful for leprechauns with all of their tools to identify if they should be in the workshop, within a tool bag or even in their sheds! Leprechauns tend to be forgetful, so a little location guidance goes a long way in helping run their shoemaking business! 

itemit’s QR tags and location feature ensures the ability to never have to search for an asset again saving both time and money!

Asset Tracking gold


Remembering Tool Maintenance

Going back to shoemaking and those forgetful leprechauns. Quite obviously shoemaking entails the use of many tools, from tack hammers and leather shears, to sewing machines and sole pressers. But as we all know any type of machinery or even tools will require regular maintenance to keep them fully functioning for as long as possible without impacting daily operations.  

The biggest task of all is remembering to schedule maintenance. Without doing so, machinery may break and tools may have a lessened life span. Therefore resulting in major cost implications, health and safety risks and even reduced productivity to any business!

That’s why leprechauns take advantage of itemit’s forgetful-proof reminders feature! Reminders enable users to schedule specific dates for maintenance per each asset. You can create a reminder, with a chosen date and using the free text fields, label the reminder with what it may be for, for example, a PAT test or a yearly service. Every reminder will send email notifications to the relevant user. Never miss an important date again and watch your equipment last its full lifetime! 


itemit The Lucky Charm For Your Business

If leprechauns can use itemit then why don’t you? It’s user friendly, accessible wherever and whenever, cloud-based and is the ultimate tool for managing your assets!

itemit’s features hold many benefits including increased accountability, reduced maintenance expenses, streamlined auditing, extended life of assets and so much more! So look no further for your very own pot of gold and dive straight into the wonderful world of itemit! 

If you’d like to find out more and how itemit can help you manage your most valued assets then email the team today at team@itemit.com. Alternatively, you can start your 14-day free trial today by filling out the form below.

itemit a Leprechauns Lucky Charm

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

Related articles

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

Related articles

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.