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Now if you’re a business owner, you definitely need to consider using an asset management system that allows you to easily list and detail your company inventory. Why, you might ask? Here’s five simple, short, and pretty obvious reasons why.

1.Crime

FBI statistics reported a burglary occurs every 15 seconds. If you value your company’s equipment, possessions, and technology then you’ll need to make it very simple for any insurance company to see that you are serious about what you own and to make it easier for them to replace your belongings in the event of a break-in, theft, or robbery.

2. Natural Disasters

2009 had its many shares of fires, hurricanes, earthquakes, and other catastrophic disasters that left property owners devastated and established insurance companies as a major component for picking up the pieces. With this in mind, consider using an easy inventory list that is not only off-site and resistant to such destruction, but also online and stored in virtual space, but can be accessed anywhere as well.

3. Taxes

With the way the economy is shaping up (or not shaping up), you will likely need all the tax breaks you can get. This means your accountant will be working much longer calculating your assets – and especially estimating depreciation values of your assets. Obviously you can short-tail accountant hours spent if you have already taken the time to store receipts, photos, and serial numbers of company property on to a site such as EZAsset.

4. Employee Downsizing

Unemployment is still a trend carried over from 2009 and if your company is looking to lay off employees or empty certain positions, then you’ll need to know exactly what equipment (laptops, cellphones, etc.) will be returned to you. Making your inventory list sooner rather than later makes for a more organized letting go without the awkward phone in calls later of “Hey, can I have that back, please?”

5. Loans

Just like your accountant needs to know all your assets during tax time, you might also need to prove your list of assets when applying for a bail-out – known otherwise as a loan to the bank. Having a simple, do-it-yourself, and clear-cut website break down everything that you own, lease, or lending makes the process fuss-free and shows you’re a great candidate for a business loan.

Bonus reason why: Bartering!

More and more businesses are bartering stuff they don’t need for stuff they do need but don’t want to buy. If you have a sharp inventory list where you can see the unnecessary assets your office has (furniture, extra monitor, cubicles, etc) but want something else that others my have, well here’s something that will likely open your eyes to that possibility.

Bottom line: Asset management is basically listing and realizing all the stuff that you own. And assigning a value to it. Many financial mistakes result from companies not taking notice of their belongings. With so many changes experienced in 2009, only preparing for the worst in 2010 will prove a smart, level-headed leader is in charge of a company worth caring for.

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