Despite the debacle of Copenhagen and the growing band of “nay-sayers” about man-made global warming, governments around the world remain committed to Carbon Reduction Commitments (CRC) that many intend to pass into law.That’s certainly the case with the UK government, which aims to reduce greenhouse gas emissions by at least 80% over 1990 levels by the year 2050.
Companies that achieve reductions will be financially rewarded while those that do not will suffer the economic consequences. Asset tracking software will be essential to achieving those targets and reaping the financial rewards because CRC depends not just on supply chain resource or carbon emissions management. Continue reading “Go Green with Your Ducks in a Row”
Tags: accounting, asset tracking, business, business accounting, environment, fixed assets, green, Inventory management software
Asset tracking is often considered to be an imposition on US businesses purely as a consequence of SARBOX, but asset tracking should be more than an accountancy compliance issue.It’s an essential component of informed and sound management.Assets must be managed both financially and physically and to do that you require knowledge of just where all your assets are.Many companies rely on a conventional spreadsheet approach to try to keep track of their fixed assets to ensure the company is compliant with national and international regulations.
That’s especially important with IT tracking fixed assets.IT equipment the heart of any business operation today and often changes during its operational lifetime.Components may be switched, replaced, upgraded or repaired.Software especially is frequently installed, uninstalled or upgraded. Many of these changes are internal and therefore usually “invisible”. Continue reading “Tracking Assets Can Lead To Real Strategic Insights”
Tags: asset tracking, business accounting, Business Planning, business strategy, fixed asset tracking, fixed assets, rfid asset tracking
With US finance departments and corporate governance being held increasingly accountable under the stringent requirements of Sarbanes-Oxley (Sarbox) and IFRS in particular, the need for an asset tracking system has never been greater for US companies or their overseas operations. Company accountants have to ensure they remain up-to-date with the compliance requirements for their sector and CEOs and CFOs must be in a position to personally certify that the company’s books and records do not contain untrue statements and fairly represent the company’s results or face severe penalties for non-compliance, false declarations and other Sarbox violations.
For that reason alone it’s wise to invest in a asset accounting package. Continue reading “Keeping an eye on Asset Depreciation is Key to Economic Recovery”
Tags: accounting, business, business accounting, depreciation, depreciation software, fixed asset accounting, fixed assets, recession
We’ve all used them, spreadsheets, whether it’s to do a simple list of items, or whether you are looking to create advanced sums for business forecasts. Even though they are not really advanced enough for some of our requirements, we still use them. This is mainly because the majority of people would put up with a free one that comes bundled in when you buy your pc, rather than forking out the cash for a decent package. Continue reading “How Businesses are Losing Money By Using Inefficient Spreadsheets for Asset Tracking”
Tags: accounting, asset inventory, asset management software, asset register, asset tracking, business accounting, fixed assets, spreadsheet
Asset management is one of the most complicated things you will ever do in your company. Although everyone hates doing it because it takes time and can lose your business money if not done correctly, it’s still a vital part of any business. Obtaining the latest up-to-date information about your assets can be almost impossible on your own. Continue reading “Make Your Job Easier By Outsourcing Your Asset Management”
Tags: accounting, asset managmement, business, business accounting, fixed assets, outsourcing
