With the changing tax codes, configuring a normal spreadsheet program like Microsoft Excel does not work for managing fixed assets. While a macro may work for a while, it could go quickly out of date. The time spent rewriting the macro is not really worth it, especially if you can get a program that automatically changes with the times.
There are a few things you should look for in any quality fixed asset management software package. One of the most basic requirements is ease of use. As fixed asset management is so complicated itself, it wont help matters any to have a user-unfriendly interface. Figures should be easily accessible and easy to plug in. In addition there should be accessible history reports as well as future projections.
This is not a minor concern. Any user of fixed asset management software may be looking at the screen for extended periods of time. If the layout is not well-designed it will lead to user fatigue and perhaps poor work quality. People stare at their computers for hours on end, and minor headaches can become major issues after not too long.
Network Capacity
The ability to run on a network is also an important component for fixed asset management software. These days, most offices are running on a network. In the not-to-distant future, all offices will be running on a network, so new software programs will have to be network compatible. As the information that goes into fixed asset management might come from off-site parts of a business–such as a warehouse or factory–it is important for this information to be shared seamlessly.
