By leveraging technology and adopting some quick fixes, you can achieve cost and productivity advantages and eliminate the guilt feelings of avoidance.
Financial managers tend to think of fixed-asset management as an albatross.
No matter how much you would like to rid yourself of the process, it's a fact of life, so it pays to make certain that the process is managed as efficiently as possible. Improving the accuracy and credibility of the fixed-asset ledger. Using the fixed-asset ledger for such topics as property tax negotiation and asset rationalization. Kopp cites the manufacturing process as an example of where a company will find a lot of items on the fixed-asset ledger that are not on the shop floor. Because there seldom is a good process in place to track retirements, sales of equipment and transfers.