Assets have to be tracked. It does not matter if they are personal or business assets. But, personal assets are easier to track. This is because personal assets are usually low in numbers and can be the possession of just one owner. But thinks about what goes on in the business world with the average company. A company can have tons of employees working for them. There can be a lot of company assets.
The company bought them, but employees can use them whenever. If they are not monitored, they could be lost or stolen.
Look at things this way. If you owned one hundred computers that were used by other people, wouldn't you be interested in knowing where they were everyday? If you had 100 computers and let others used them, do you think that you would want to know where they were on a regular basis? Wouldn't you be interested in knowing when they were purchased and how much service life each of them had? It's easier to track your own assets. You most likely will only have around three or four computers tops. They are in your home. You know that various members of your family use them on a daily basis.
But, this cannot happen with a large company. Companies have thousands of employees who need company assets in order to do their jobs efficiently. An accounting clerk cannot pay bills without the aid of a computer and printer. The same thing would apply to the customer service representative. This means that employees will use company assets in order to do their job. There are loads of company assets and loads of employee assets. Which computer goes to which employee? Computers have a lot of different software installed on them. If the company wants to keep these assets, they should be tracked. People are always stealing or losing laptops.
Management may say that its employees are stealing assets .The assets are not being monitored and placed into a fixed asset software package, so they could just be lost. It would not be hard for these assets to be monitored. There are even programs that will advise when an asset should be repaired. For instance, this is a good thing for a company to have if they have a large fleet of trucks or car. These assets will not serve a good purpose unless they are maintained and up to date. Your company should get a good system so that this does not happen.
The company bought them, but employees can use them whenever. If they are not monitored, they could be lost or stolen.
Look at things this way. If you owned one hundred computers that were used by other people, wouldn't you be interested in knowing where they were everyday? If you had 100 computers and let others used them, do you think that you would want to know where they were on a regular basis? Wouldn't you be interested in knowing when they were purchased and how much service life each of them had? It's easier to track your own assets. You most likely will only have around three or four computers tops. They are in your home. You know that various members of your family use them on a daily basis.
But, this cannot happen with a large company. Companies have thousands of employees who need company assets in order to do their jobs efficiently. An accounting clerk cannot pay bills without the aid of a computer and printer. The same thing would apply to the customer service representative. This means that employees will use company assets in order to do their job. There are loads of company assets and loads of employee assets. Which computer goes to which employee? Computers have a lot of different software installed on them. If the company wants to keep these assets, they should be tracked. People are always stealing or losing laptops.
Management may say that its employees are stealing assets .The assets are not being monitored and placed into a fixed asset software package, so they could just be lost. It would not be hard for these assets to be monitored. There are even programs that will advise when an asset should be repaired. For instance, this is a good thing for a company to have if they have a large fleet of trucks or car. These assets will not serve a good purpose unless they are maintained and up to date. Your company should get a good system so that this does not happen.
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