Asset Systems | Fixed Asset Inventory | Fixed Asset Management | IT Asset Tracking | Asset Software | Fixed Asset Inventory BarCode | Inventory Tracking System

The Asset Test

Use the following test to assess your needs for Asset Management

How many assets do you manage?

1,000 or less 1000 to 5,000 5,000 to 10,000 10,000 or more

Do you assign assets to individual employees or cost centers?

No Sometimes Yes

Do your assets move regularly within or between facilities?

No Sometimes Yes

Do you reuse existing assets as they become available?

No Sometimes Yes

Is significant time spent searching for assets to reuse or perform routine maintenance?

No Sometimes Yes

When was the last occasion that actual assets were reconciled to financial asset ledgers?

1 - 3 years ago 2 - 5 years ago more than 5 years ago Never

Are you covered by compliance regulations? (GASB 34, Sarbanes-Oxley, Federal Regs, etc)

No Yes

How do you track the whereabouts of your assets?

Not tracked Manually Spreadsheet Home grown system
Purchased system

How do you maintain fixed asset accounting records?

Not tracked Manually Spreadsheet Home grown system
Purchased system

Are your assets tagged?

No Yes, without bar codes Yes, with bar codes

Do you pay personal property taxes in multiple jurisdictions?

No Yes

How many departments track assets?

None 1 2 - 3 4 or more