Construction companies generally deal with lots of fixed assets—from cranes and backhoes to hand drills and power tools. If you operate in the same field, you’re aware that effectively managing these assets to best serve your business requires precise fixed...
Any construction company owner or manager knows that the bulk of their workers’ everyday tasks rely on heavy machinery, vehicles, equipment, tools, and other high-value fixed assets. Since such assets typically involve a considerable investment, contractors rightfully...
As a construction company grows, it usually acquires more and more fixed assets like heavy machinery, vehicles, equipment, tools, and facilities needed to perform day-to-day operations and generate revenue. Naturally, these long-term assets require continuous...
Fixed asset accounting involves keeping precise financial records about your company’s capital assets, their value, and their current state. Companies make substantial investments in fixed assets, as they represent the capital of the business and are intended to...
Imagine the frustration of arriving at your job site only to find that your essential tools have vanished. Let’s face it, tool theft is not only a financial setback but can also significantly disrupt your work, leading to project delays, potential reputational damage,...
