ASAP Systems | Asset & Inventory Tracking Blog

Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.

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A typical asset tag

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Many organizations face a significant challenge to track the location, quantity, condition, maintenance, and depreciation status of their fixed assets. A popular approach to tracking fixed assets utilizes serial numbered Asset Tags, often with bar codes for easy and accurate reading. Periodically, the owner of the assets can take inventory with a mobile barcode reader and then produce a report.

ASAP Systems has developed an application for tracking fixed assets called Passport Assets. It provides a configurable, integrated barcode asset management solution for managing:

•  Capital Assets •  Fixed Assets •  Equipment
•  Furniture •  Fixtures •  IT Assets
•  Vehicles •  Deployed Items such as Cell Phones •  And Many Others

Some of the benefits to utilizing a fixed asset tracking systems are:
- Immediate Access to Asset Location
- Simplify Government Mandated Record Keeping
- Increased Accountability and Control
- Reduce Costs by Allocating Idle Assets
- Elimination of High Error Incidence in Book-Based Tracking
- Eliminate Missed Maintenance Schedules
- Simplify Government Mandated Record Keeping
- Account for Lost and Misplaced Equipment
- Reduce Time for Physical Inventory
- Rapid Payback of System Cost

Passport Assets provides unmatched tracking and control whether you are tracking depreciable assets, deployed electronic equipment to your employees, or fleet vehicles. ASAP Systems provides technology and solutions to ensure your business can focus on what it does best while Passport provides you with the operational efficiencies to generate the highest ROI for you.

Fixed Asset Tracking Software

Tracking assets is an important concern of every company, regardless of size. Fixed assets are defined as any ‘permanent’ object that a business uses internally including but not limited to computers, tools, software, or office equipment. While employees may utilize a specific tool or tools, the asset ultimately belongs to the company and must be returned. And therefore without an accurate method of keeping track of these assets it would be very easy for a company to lose control of them.

Asset tracking software allows companies to track what assets it owns, where each is located, who has it, when it was checked out, when it is due for return, when it is scheduled for maintenance, and the cost and depreciation of each asset.

The reporting option that is built into asset tracking solutions provides pre‐built reports, including assets by category and department, check‐in/check‐out, net book value of assets, assets past due, audit history, and transactions.

All of this information is captured in one program and can be used on PCs as well as mobile devices. As a result, companies reduce expenses through loss prevention and improved equipment maintenance. They reduce new and unnecessary equipment purchases, and they can more accurately calculate taxes based on depreciation schedules.

For more information about ASAP Systems solution to tracking fixed assets please visit us at www.asapsystems.com

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NOTE:Â The source for this article comes from www.Wikipedia.com

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For a free no obligation web demo of Passport Asset please click here. http://www.asapsystems.com/form_personal_demo.php

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Every business needs an systems in place to have control over their expenses and assets. Do you need an inventory control system for your business? Here is an overview of what an inventory control system is and does.

An Inventory Control system is an integrated package of software and hardware that can be used in any business that needs to track something. Such as in a warehouse facility, hospital, electronics store, bank, or any type of business. An inventory system allows you to monitor the quantity, location and status of inventory as well as the related shipping, receiving, picking and put-away processes.  In common usage, the term may also refer to just the software components. Modern Inventory Control systems rely upon barcodes, and potentially RFID tags, to provide automatic identification of inventory objects, although RFID tags are very costly at this point and are not necessary in small to medium sized operations. In an academic study performed at Wal‐Mart, RFID reduced Out of Stocks by 30 percent for products selling between 0.1 and 15 units a day.

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Inventory objects could include any kind of physical asset: merchandise, consumables, fixed assets, circulating tools, library books, or capital equipment. To record an inventory transaction, the system uses a barcode scanner; the best scanners are from Motorola, and then collect additional information from the operators via fixed terminals (workstations), or mobile computers.

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An Inventory Control system may be used to automate a sales order fulfillment process. Such a system contains a list of order to be filled, and then prompts workers to pick the necessary items, and provides them with packaging and shipping information.

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Real time Inventory Control systems use wireless, mobile terminals to record inventory transactions at the moment they occur. A wireless LAN transmits the transaction information to a central database.

ASAP Systems provides businesses with the software to implement an inventory control system. Our software,

Passport, is a barcode-based tracking system for your inventory, fixed assets, mobile and soft inventory, human capital, channel, vendor, and logistic management needs. The Passport family of products are the only complete, integrated solutions that require no programming or complicated setup and training. We have a solution for you - whether you are a banking, electronics, healthcare, hospitality, medical, or media company with 1 user, 100 users, or anywhere inbetween.

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Please visit us at www.asapsystems.com for a free demo.

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The ASAP Systems inventory, asset, and evidence tracking application is optimized for the Motorola Mobility product line, therefore, our customers ask us for advice on whether to purchase the laser scanners or the digital imaging scanners for their barcode scanning needs all the time. Motorola has a nice whitepaper on this topic comparing the 2 technologies. Click on the link below to read the whitepaper.

Laser Scanning or Digital Imaging

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Check out this video of our asset, inventory, and evidence tracking application.  Â

Inventory Software

For more information about our application or a free on-line demostration please visit us at www.asapsystems.com

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 If your company is made up of inventory in the form of raw materials, semi finished items or ready to ship items then it is better to get inventory software or an inventory system in place to increase accuracy, efficiency and control. An effective, self customizable and easy to use inventory system can improve your cost, cut down on human resource and allow for growth.

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