Fixed asset management

Fixed asset management,

Definition of Fixed asset management:

  1. The active management of assets in order to optimize return on investment.

  2. The management of fixed assets such as buildings, fixtures and machinery, which can not be converted to a fair cash value in a timely manner. Fixed assets are often managed through the use of asset tags, which are tracked through serial numbers or bar codes, for easier organization, and are filed for the purpose of accounting, maintenance and theft deterrence.

Meaning of Fixed asset management & Fixed asset management Definition