FIXED ASSETS MANAGEMENT
Under this area of our professionalism, MCL offers both services and products;
Services
Fixed Assets Physical Verification and Coding
Usually, organizations with fixed assets such as furniture, equipment, computers, plant & machinery and vehicles are required to monitor their assets in terms of movements, condition, impairment, theft and value changes for various decision making issues and management. In order to achieve such purposes, physical verification of assets is important which is well achieved prior to assets tagging.
In this area MCL applies two systems of codification namely Descriptive Coding System and Barcode/Stickers Coding System.
Assets Master Inventory Preparation
Asset Master Inventory is a tool/means that list down all the organization’s fixed and intangible assets with their respective details. The list contains particulars such as asset description, barcode number, asset location, asset observed condition, item unique ID number and quantity of individual asset type. The major essence of the master inventory apart from other useful information is to tell the quantity/number of each type of asset within the organization.
Fixed Assets Register Preparation
This comes after the design of a coding system and the fixing of the barcodes on respective assets. Fixed Asset Register is prepared either manually using Microsoft Excel Spreadsheets or customized Fixed Assets Register Software.
Under this service, MCL through its experienced accounts and procurement units helps your organization to come up with detailed and meaningful asset register that complies with Public Asset Management Guideline-Revised Edition of 2019 (For Government Institutions) or non-governmental accounting policies.
Inventory Sheets/Cards Preparation
Asset List Sheets or Inventory Sheets is an immediate output of fixed asset codification process which outlines the verified and coded assets by indicating information such as Serial Number, Asset Name, Asset Description, Asset Location and Asset Observed Condition. Thereafter, the sheets are pinched on a clear noticeable area or surface in respective office room/department that it is easier for an asset verifier to inspect and verify the assets of an organization in each room/location.
Products
1. Assets Barcodes/Tags
MCL is the master of designing, fabricating and supplying fixed assets identification tags of various natures ranging from Anodized Aluminium Barcode Labels, Temper Resistant Vinyl Barcode Labels and Silver Void Labels. The tags use special sealed dyes making them resistant to harder conditions such as chemicals, oil, vandals and weather.
2. Barcode Readers/Scanners
MCL applies modern barcode scanning devices with special software to facilitate the process of fixed asset management of your organization in the following ways;
- Field Data collection/scanning and on spot field data editing
- Data importation and exportation to various devices
- It facilitates stock taking/ fixed asset physical verification by comparing the old fixed asset register and the existing physical assets through field scanning
- It allows to control the double counting of assets immediately and automatically upon scanning
- Compatible with the spreadsheets
- It facilitates preparation of various financial and accounting reports such as balance sheets, depreciation reports, asset register etc as it works well when linked to fixed asset management software
- Flexibility in data workability by allowing wireless data sharing and editing via special fixed asset management software
- Very portable, durable and user friendly
3. Barcode Printers
MCL in the course of serving its customers always takes into consideration client’s desire and provides advice accordingly in relation to timely availability of assets tags. In this regard, MCL supply and train your personnel the application of various barcode printing devices depending on client’s budget and quality preferences. MCL supply both Direct Thermal and Thermal Transfer Barcode Printers to cater for wide range of its customer preferences.
4. Blank Barcode Rolls
MCL serves its client with quality blank barcode rolls for their printers. The rolls we supply are of high quality with variety of dimensions ranging from 40x20mm, 40x25mm, 50x20mm, 50x25mm etc.
5. Fixed Assets Management Software
MCL works hand in hand with IT Technology Companies to assist your organization acquire suitable Asset Management System. It is a central platform for managing all fixed assets by integrating asset data throughout asset lifecycle from acquisition, operations, maintenance, depreciation and replacement.
Asset Management Software allows your organization to track important details about each asset in real time which in turn helps to minimize administrative costs, ensures quality service and gives your organization greater visibility into asset utilization, costs and maintenance.
