Managing fixed assets can prove to be a nightmare, especially when one has to indulge in time-consuming depreciation calculation while following complicated IRS regulations and procedures. The process becomes all the more complicated if the person doesn't even have a proper listing or valuation of the assets that they own.

The problem is not only of assessing the value of these assets. If they are not properly classified, they may not be utilized productively. Given this scenario, fixed asset management program offers the perfect solution to work towards optimum returns.

The first step in this program involves the classification of the company