Dallas Business Consulting Firm Adds Fixed Asset Management Services

Dallas business consulting firm RWSMC announces that it is including fixed asset management in its catalog of services.

(PRWEB) June 3, 2006 -- Dallas management consulting firm RWSMC announced today that it is adding fixed asset management to its services. Says Bob Kinsler, lead consultant for the firm, “We have been providing fixed asset management services informally for some time, and we just decided to list them in our catalog of services.”

Says Robert Scroggins, director of operations for the firm, “In our activity-based costing engagements, we always look at fixed asset depreciation amounts to make sure that they enable a business to operate at its normal capacity and are sufficient to preserve capital. Other than that, we didn’t initially concern ourselves with fixed asset management.”

Says Scroggins, “We initially believed that fixed asset management didn’t mesh with our activity-based costing and other performance management services, but we came to realize that good fixed asset management is an important part of performance management.”

According to Kinsler, “We saw that many businesses neglected fixed asset management. In our work, we see businesses that don’t know where their fixed assets are, don’t know the value of their fixed assets, and are unable to determine whether the amount of property taxes they paid are correct.” Kinsler says, “You would think that larger businesses would have a good handle on their fixed assets, but we have seen this lack of concern with fixed assets in businesses and organizations of all sizes. It is very common not to give much attention to fixed assets after they are acquired.”

Kinsler continues, “Good fixed asset management begins with policies and procedures that govern the proper purchase, use, custody, care, and disposition of the tangible assets of a business. It extends to a good system of records for tracking the individual assets and computing correct depreciation amounts. In our fixed asset management engagements, we get involved with one or all of these aspects of fixed asset management. Sometimes we even get involved in verifying and managing property tax renditions.”

Kinsler concludes by saying, “There is a saying in performance management that ‘if you can measure it, you can manage it.’ We also find to be true with fixed asset management, and we stand ready to help businesses and other organizations apply it to their own situation.”

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