Potencie su eficiencia: ¡Domine la gestión de sus activos fijos al instante con nuestra tecnología de control RFID!

RFID (Radio Frequency Identification) tracking is a technology that uses radio waves to identify and track objects. It is commonly used for asset tracking in various industries, including logistics, supply chain management, retail, and healthcare. RFID tags are small electronic devices that consist of a microchip and an antenna. These tags are attached or embedded into the assets that need to be tracked. The RFID device (handheld or fixed antenna) captures the identification information sent by the RFID tag and forwards it to a central system or database for processing. The system can associate the tag’s ID with specific asset information such as location, status, maintenance history, and other relevant details. Since RFID technology allows for wireless communication between tags and readers, assets can be tracked in real-time as they move within the range of RFID readers. This enables organizations to monitor asset locations, movements, and other important data without manual intervention.

Fixed asset management refers to the process of effectively tracking, maintaining, and controlling an organization’s tangible assets throughout their lifecycle. Fixed assets, also known as property, plant, and equipment (PP&E), are long-term assets that have a significant value and are used to generate revenue or support business operations.

Fixed asset management involves various practices to ensure that assets are properly accounted for, and maintained. Asset Tracking involves accurately identifying and cataloging fixed assets, assigning unique identifiers such as serial numbers or barcodes, and recording essential information such as acquisition date, cost, location, and depreciation details. Fixed assets generally have a limited useful life. Managing depreciation involves tracking the reduction in asset value over time and accounting for it accurately in financial records. Fixed asset management ensures adherence to applicable regulations and compliance standards related to asset tracking, reporting, and disposal. Effective fixed asset management involves identifying and mitigating risks associated with asset loss, theft, damage, or misuse. Implementing security measures, such as asset tagging, access controls, and insurance coverage, helps protect valuable assets.

Fixed asset management provides accurate and reliable data on the value, depreciation, and useful life of assets. This information is essential for preparing financial statements in accordance with accounting standards and regulatory guidelines. Properly managed fixed assets help ensure that financial reports are transparent, consistent, and comply with regulatory requirements. Fixed assets are subject to tax regulations, and their proper management is essential for tax compliance. Fixed asset management systems can track and calculate depreciation expenses, which are used for tax deductions or capital allowance calculations. By accurately recording asset data and applying appropriate tax rules, organizations can comply with tax regulations and optimize their tax position. By having a well-organized asset management system, organizations can efficiently respond to audit requests and ensure regulatory compliance.

Outsourcing fixed asset management allows organizations to tap into the expertise and specialized knowledge of professional asset management service providers. These providers have experience in managing and optimizing fixed assets across various industries. They stay updated with the latest regulations, best practices, and technological advancements in asset management. In addition, in-house inventories are usually conducted by the custodians of the equipment, who may be hesitant to report unrecorded retirements. For instance, who wants to report that their respective area is part of the reason for a personal property tax overstatement? Independence and objectivity are casualties of an in-house inventory and reconciliation. Therefore, you should select an independent firm that has both specific industry and physical inventory and reconciliation qualifications and experience.