#Asset inventory manager software
#Asset inventory manager code

I can tell you it doesn’t take long for computers to undergo significant depreciation. I run a side business where I list my computer as an asset in my business, and as part of my expensing I have to determine the depreciation of my computer and report it on the tax form. The reason is that IT equipment can depreciate very quickly. November 14, - That’s a good point and I think it’s especially relevant when it comes to IT asset inventory management in particular. That would make sense since these individuals are usually trained and qualified in quality management procedures. November 15, - I wonder who conducts the asset inventory management process? I keep thinking that you have someone like a quality control inspector, especially at the inspection phase where you are reviewing the asset to see if it’s good or not. I don’t know the exact titles of the individuals but I am thinking they would be warehouse supervisors or something like that. So if you’re talking about IT inventory asset management then it would be individuals in IT. My guess is that it would be whoever who is responsible for the department where the assets are stored. In the case of asset management, we’re dealing with assets that the company has on hand, not things they are about to ship out. They are involved in the manufacturing process. From what I understand, QA analysts are involved in inspecting goods that are about to be shipped out to market. November 15, - I don’t think it’s the QA managers who conduct that process. That can turn into a bit of a problem when a professor retires or when equipment comes up missing. I am sure universities are a little different, since every department and every professor is a little autonomous, but depending on where the money came from to buy the equipment, sometimes you wouldn't have to register the purchase in the system.

#Asset inventory manager code

We had the bar code system, so she would just come in with a scanner and go down the list of all the things we should have, scan the bar code, and then make a note of whether it was in good working order or not. When I was a graduate student, we had one of the lab people whose job it was to keep track of all the equipment and do all the things that the article mentioned. November 16, - I think a lot of who conducts the inventories depends on the place, too. I guess because the results ultimately end up going toward tax purposes. I don't remember for sure, but I want to say that the person that did our inventory asset tracking was from the financial department. Losing a knife might not be a big deal, but not tracking equipment might be a sign of a bigger problem. On one hand, you want to make sure people aren't stealing things, and on the other hand, you want to make sure that the managers are doing their job and keeping track of all the necessary paperwork. If there was anything missing, they always asked a lot of questions to figure out where it went. I know when I was younger and worked at a restaurant, once a year a corporate person would show up to check on everything.

#Asset inventory manager software

Does anyone know of any good free asset inventory software that you can download online?įor anyone who has done this before, do you have any tips for making the inventory process simpler or more streamlined? We would really like something that is a little more professional, though. It is basically just a couple of computers, a cash register, and the normal things you might expect. Luckily, we don't really have a lot of things to consider assets. Right now, we just have all of our information in a spreadsheet. Do these two things have any sort of effect on how the inventory and depreciation are calculated?Ī few friends and I have just opened up our own consignment shop and we were a little curious about how asset inventories should be done to be the most efficient. I think fixed are things that are supposed to be held for the long term and liquid might be sold soon. I know in business they also talk about fixed and liquid assets. What is to stop a company from just saying that equipment is in worse shape than it really is? Is the only disincentive the fact that they might get audited? What is the likelihood of this happening, and is there any way that the IRS can guess from financial statements whether a company is lying or not? Whenever you are talking about asset inventories for a big company, how do you know that they are truthful in their assessment of goods?įor example, you have to calculate depreciation on equipment every year.