Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.
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 uses serial numbered asset tags, which are labels often with bar codes for an easy and accurate reading.
This type of document provides the Accounting and Finance Department with the full list of fixed assets and current conditions and users so that the company can easily know how many and where the Fixed Assets are.
BIC TEMPLATE ACCOUNT – 0006 – Fixed Asset Management KH & EN