Importance of Asset Management for Companies

Assets in accounting are the resources or assets owned by an entity. Where, every company must have an asset, whether tangible, such as land, buildings, equipment, or intangibles such as shares, copyrights, and brands. Assets are the most important part of a company that must be managed properly to benefit the company, as well as encourage the achievement of corporate goals.

Keeping Asset Value
With asset management, the company can keep the value of the assets held high, have a longer life, and avoid damage to assets that could lead to a decrease in the sale value. To maintain the value of the asset, the company must provide sufficient operational costs resulting in high output and in line with the company's objectives.

Monitor Asset Depreciation
Depreciation is one of the risks to the use of fixed assets, in which the asset will be depreciated, starting from the depreciation of the function to the value. However, with asset management, companies will more easily monitor the depreciation.

Easing Budget Creation
With asset management, companies will be easier to plan on asset financing such as funds for purchase or construction, maintenance, up to funds to extend life and remove company assets.

Avoiding Overpayment
By implementing asset management, companies can more easily control assets well so as to avoid unnecessary purchases. Without asset management, companies will have difficulty in determining priorities for the supply of goods.

Creating Risk Management
Risk management is a method of managing uncertainty related to threats, such as risk assessment. This is very important because it can create a company awareness of the dangers and risks of their assets. With asset management, companies can reduce risk by adding necessary control measures and making preventive measures.

Improve Security
By applying management assets, assets owned by the company will be well saved from first to last. This can reduce the risk of losing company assets.

Those are some of the benefits a company will get if it implements asset management in its business. However, managing assets is not easy and very inconvenient. Therefore, Journal is present to assist entrepreneurs in managing their company's assets. By using Journal accounting software, the entrepreneur will get an asset report listing the fixed assets at the initial acquisition price, the accumulated depreciation, up to the value of the asset.

reference : 
https://www.jurnal.id/id/blog/2017/6-alasan-pentingnya-manajemen-aset-bagi-perusahaan
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