Fixed assets make up a considerable chunk of a company's investments, and maximizing return on investment (ROI) is essential for every business. Fixed assets include buildings, computer equipment, software, furniture, machinery, office equipment, and vehicles. Meanwhile, intangible assets include patents, licenses, copyrights, land, and leasehold goods.
To increase corporate efficiency and lower procurement costs, effective asset management software India is crucial. This is where Fixed Asset Management Software into play. With the right software, companies can easily track and manage their fixed assets, ensuring that they are being used to their full potential.
Apart from increasing efficiency, fixed assets also play a significant role in accounting, helping firms claim tax benefits by recording them in their account books. By using fixed asset management software, companies can easily calculate depreciation and other tax-related benefits, ensuring that they stay compliant with accounting regulations.