You spend a significant portion of your resources into Fixed Assets and expect to get the most out of the assets you own. You manage your business, your customers and vendors, your clients and employees, monitor your competitors and market, but are you managing your assets properly?
Statutory requirements in relation to Fixed Assets are ever increasing. Although Fixed Assets may be considered as non-core function, the rising need for the management to focus on Fixed Assets cannot be overlooked. Are you complying with all statutory requirements as well as best industry practices for FAM?
We know it is easier said than done, so we come with a solution for you – FAMS. We can help you manage the assets while you focus on managing your business.
In the world of accounting, the savings potential of improved fixed asset management is often overlooked. It’s difficult to find the time and tools to devote the attention to fixed assets that they deserve. Yet assets like land, buildings, transportation, and manufacturing equipment represent the largest investments most companies make. Sound fixed asset management can yield substantial tax savings in depreciation deductions. Conversely, sub optimal fixed asset practices can threaten the accuracy of financial reports and negatively impact your bottom line. Establishing the highest standards of depreciation accuracy and best practices in fixed asset management will definitely pay off.
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