Tech POS Fixed Assets features unprecedented flexibility in managing assets and is quick and simple to use. In just an instant, you can customize the way asset data is organized and presented to meet all your asset management needs. And because this powerful program seamlessly integrates with Tech POS Financials, asset information is always available to each program—you never have to re-enter data.
Remarkable Ease of Use — With its logical and easy-to-follow file-folder format, intuitive graphical interface, and flexible, customizable asset sorting options, Tech POS Fixed Assets simplifies the process of adding, changing, and disposing assets.
Smart Data Entry— By presenting only the appropriate data options, Tech POS Fixed Assets minimizes the chance of inaccurate calculations.
Fast, Comprehensive Calculations— Calculate depreciation up to ten ways, including four user-defined treatments for each asset so you can handle virtually any situation.
With Tech POS Fixed Asset you can:
What is Asset Tracking and Management?
Every company uses hundreds of assets on a daily basis. An “asset” is any item that a business uses internally, such as IT equipment, office equipment, tools, etc. A properly integrated asset management solution can help your company accurately and efficiently track any of your business assets. Rather than wasting time searching for and replacing lost assets, you can keep track of all your valuable assets with a convenient, easy to use complete asset tracking system that is regularly managed.
The first step in determining an asset tracking system is to understand whether you are dealing with assets or inventory. Assets are “permanent” objects that a business uses internally, such as computers, tools, or educational material. Although employees may check the object in or out to for a given project, or even use at home, an asset ultimately belongs to the company and must be returned to the company. An asset is always tracked as a unique item. Even though you may have 10 of the same PC or tool you are managing each instance as an individual item with its own unique barcode label or RFID tag. The main concern is to have accurate information on each specific item like location, condition, purchase date, value, custodian, last maintenance, etc.
Inventory tracking, however, refers to objects that are sold, distributed, or otherwise consumed by a company. These “temporary” objects include retail items and office supplies. In this case, you may have 100 boxes of staples in inventory and when you use one box the tracked quantity decreases by one. You are not concerned with what specific instance was sold but rather that 1 of 100 was removed. Ultimately, you want to know how many you have in stock and when to order more.
To begin, compare your objects with the chart below to determine if you need Inventory tracking or asset tracking.
The asset tracking software is the brains behind any system as it is the source of all your asset information and dictates how you interact with this information. Normally, you will be running an instance of the software on a desktop PC while the mobile devices will have a stripped down version of the software for functions needed in the field. Depending on your need for real-time or batch updates, certain software will support one or the other. The desktop instance will contain the full detailed database of assets, allow printing of labels and run a variety of reports. Reporting is a very important aspect of any tracking software as this will give you greater visibility into your collection of assets. Knowing when things need to be replaced or serviced and general asset analysis is done with reporting. There are many asset tracking applications to choose from and determining the best fit for your business needs is essential to a productive, useful system.
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