Every serious business carries out an inventory from time to time to count the assets in its system. The ability to perform good asset tracking is crucial to calculate accurate budgets and to define how much resources should be allocated to departments. This article discusses what an Asset Tracking Spreadsheet is and how it can help your organization.

Below we're mentioning three essential reasons why asset tracking spreadsheets are mandatorily applicable to your business.  

Budgeting

Since your team can calculate the total value of the assets of your business, either digital or physical assets, for instance, software licenses and laptops, you can estimate the portion of the budget you need to buy and maintain those assets.

Loss Prevention

Bad bookkeeping leads to lost and misplaced assets, which also leads your company to spend extra resources and money in getting new assets. For instance, it's widespread for computers to break down. If your company accurately tracks them and describes their status, it will provide the right solution. Asset tracking will help you to reduce general costs.  

Increase Efficiency

Correctly managing an organization involves employees having the assets they need to manage their work and complete their tasks. At the same time, your company should only purchase articles that workers will use. An accurate asset tracking spreadsheet document will help you to develop a good analysis of all categories, departments, and general assets and decide if the company needs new purchases.

Asset tracking documents have particular characteristics you should consider when completing or building your own.  

This document is a simple asset-tracking template that incorporates essential columns where you can insert primary information about assets and supplies. For example, you can describe the item number, the name, the manufacturer, the description, the quantity, and the location within your company in each cell. If you need to add another column for item status or expert dates, you can create columns for such purposes.

You can download this simple asset management template from Smartsheet.

This is a template designed to track the asset inventory of your organization. It contains enough rows to insert fixed assets and describe them. Besides, this template incorporates columns where you can insert detailed information about the assets—for instance, the purchase information, the quantity and value, and the item's location.   

You can download this asset inventory tracking spreadsheet template from Vertex42.

This is another primary spreadsheet template for tracking assets that most organizations can use for inventorying and monitoring assets. This template is a simple but useful tool to sort an organization's assets according to their serial numbers, category, status, quantity, and more! You can also add all the additional data you wish by inserting new columns for new essential information.

You can download this basic asset tracking spreadsheet template from Generalblue.

To fill out the three templates we've provided above, you must have Microsoft Excel. As we know that getting this application on the official site of Microsoft may be a bit expensive, we're offering a Microsoft Office 2021 Professional Plus Key Retail Global reliable copy at €6,80. 

Here, on RoyalCDKeys, we're continuously offering solutions to our customers, so you get crucial software for the modern world.