Responsibility For Fixed Asset Management Typically Falls Under Several Roles Within An Organization, Depending On The Size And Structure Of The Company. Primarily, The Finance Or Accounting Department Oversees The Management And Reporting Of Fixed Assets, Ensuring Accurate Financial Records And Compliance With Accounting Standards.

The Role Of Asset Manager Or Fixed Asset Accountant Is Often Dedicated To Maintaining The Fixed Asset Register, Tracking Asset Life Cycles, And Managing Depreciation Schedules. They Work Closely With Other Departments To Ensure Assets Are Properly Utilized And Maintained.

In Larger Organizations, An IT Or Facilities Management Team May Also Be Involved, Particularly For Tracking And Maintaining Technical And Infrastructural Assets. They Ensure That Assets Are Operational, Properly Maintained, And Replaced As Needed.

Ultimately, Senior Management Holds The Overall Responsibility For Fixed Asset Management, Ensuring That Proper Policies And Procedures Are In Place. By Utilizing Nova Technosys' Fixed Assets Register Customized ERP Solution, These Responsibilities Are Streamlined, Offering A Centralized System For Tracking, Managing, And Reporting On All Fixed Assets, Thereby Improving Accountability And Efficiency Across The Organization.