Question

How to tag fixed assets?

Answer 1

Asset tagging is the method involved with attaching ID labels or marks, otherwise called asset tagging, to assets. It is utilized for both fixed and moveable resources to give an approach to recognize individual resources all through their valuable life.

The essential steps to be taken to tag an asset are as follows:

• Associate the asset category or type.

• Provide a unique identity number.

• Decide the type of asset tag/label that needs to be provided.

• Provide all details of a certain asset that needs to be tagged.

• Assign an asset tag to the asset.

• Verify the data entered.

Also see:

• Difference Between Assets and Liabilities
• What Are Current Assets?
• What Are Non Current Assets?