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Levels of service in asset management
Understanding the intricacies of asset management is crucial for maintaining and enhancing the value of your assets. A pivotal aspect of effective asset management is the concept of levels of service, which serve as a cornerstone for strategic planni…
What is an asset register?
Asset management is a crucial aspect of any business, ensuring that all company assets are accounted for, maintained and utilised efficiently. Whether you’re managing a single property or a vast portfolio, the importance of having accurate and …
Fixed Assets and Component Accounting in Social Housing
If you’ve not already been put off by the title of this piece, you may well be a finance person rather than an asset management or IT person. It’s a sad truth that, for asset managers, component accounting is often an inconvenience they would rather …
Back to school – Is your asset register ready for another term?
The most important register taken at schools and other educational establishments is, of course, the one that ensures that pupils are not missing from classes. There is, however, another crucial list that needs to be checked at the start and end of e…
How does your organisation track its off-site assets?
Most, if not all, organisations have equipment that employees take out of the office. Whether consultants taking laptops to customer sites or a company phone that home-workers take to play Candy Crush Saga™ make important business calls. These items …
Understanding Depreciation
Businesses use fixed assets such as plant, property and equipment in generating revenues and as infrastructure for the business. Fixed assets are not charged to the profit and loss account rather they are reported on the balance sheet and they stay o…