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ABOUT US At Omega, we have a committed team, as well as a lot of customers and partners who have helped us grow in a field where competition is always trying to be first. We have a fulltime support and development team, which guarantees fast replies as well as phone support, and new, improved updates and features to the software we create. â—? Our product range is pretty wide, and you will find that it is very easy to use while still being highly functional. Everything comes with its own content management system, so you can dynamically update your website without bothering much. â—?


How Do Small Business Track Their Assets


1. Basic Disorganization What’s an asset and what isn’t? What’s due for maintenance, or for disposal? What assets were recently checked out and are now missing, potentially misplaced or even stolen by employees? Lots of questions arise when a business has no system for tracking their assets, and the mostly costly of these issues is when ghost assets appear


2. Ghost Asset 

When an asset appears on the ledger but can’t be found in real life, that’s a ghost asset. This can happen as a result of assets being rendered unusable, or going missing, or never being purchased in the first place but marked as such due to an accounting error. At a basic level, this is a problem because if you assume you had a tool on hand ready for a job and suddenly it’s not there, you can’t do your job. But extraneous assets till count towards the company’s tax and insurance liability—which means some companies end up overpaying their taxes up to 20 percent.


PROCESS â—?

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First of all, the number of accounting errors you set your team up for by using a pen and paper is likely astronomical: Humans make mistakes, and one misplaced zero or decimal point could be the difference between paying hundreds or thousands in taxes on an asset. Secondly, in this highly automated world we live in, continuing to use manual processes for accounting means you’re spending tens or even hundreds of hours each month and year doing something that could be done instantaneously by a computer.


ASSET TRACKING SOFTWARE OR SYSTEM ●

Automated asset systems are an investment, but the number of manual hours they shave off the asset tracking and auditing process is priceless. The best part—which is what makes automated systems an upgrade over using accounting software or spreadsheets—is how your asset database is updated in real-time. Make a change to the asset ledger in one part of the office, warehouse, or world, and you’ll see that change immediately everywhere else. Another benefit is the digital, easy-to-follow “paper” trail that an asset system leaves behind. No misplaced papers or deleted spreadsheets, so if there is an IRS audit, you have everything you need to back up your case.


Conti.. ●

At this point, it’s best to just upgrade to an automated system to avoid the headaches. One such Asset Tracking & Management Software is offered by Omega-Cst, a Software Development Company based in UAE. Our Asset Tracking And Management Software named MaxAssets, cover each aspect that will help you better manage your Assets without worrying.


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Get Started with Asset Tracking Software in Dubai  

If You Own A Small Business, It's Quite Obvious of Having Assets That Helps You Save More Time, But To Maintain & Manage The Asset Also, You...

Get Started with Asset Tracking Software in Dubai  

If You Own A Small Business, It's Quite Obvious of Having Assets That Helps You Save More Time, But To Maintain & Manage The Asset Also, You...

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