"Control your own destiny, or someone else will." – Jack Welch

 

Securing fixed assets is the biggest concern for businesses today. Whether it's machinery, equipment, or digital infrastructure, there is always a risk of theft, inaccurate inventories, or improper recording of assets. Keeping track of all these risks and mitigating them is the best way to increase operational efficacy. 

 

In the words of Jack Welch, the only way to ensure things go your way is to control them yourself. The same goes for fixed asset management. Without proper controls, companies always have to deal with errors, misappropriation, and inefficiencies. Result? It directly impacts their bottom line and profitability. Now, there are three ways to control fixed asset management. These are preventive, detective, and corrective measures. All these come together and safeguard your assets to ensure compliance. 

 

Numbers don’t lie

 

According to MarketsandMarkets, the asset management market is expected to exceed $27 billion by 2025. Now, why do you think this market is growing so exponentially? Well, there is a rise in the demand for asset management solutions. Nearly 35% of businesses experience some sort of fixed asset

mismanagement. The result? Operational disruptions become the norm, and financial losses mount. 

 

That’s where a well-structured fixed asset checklist can come to your rescue. This checklist ensures everything necessary is tracked and noted. With such effective checklists, you can reduce your unplanned downtime by up to 20% and improve your asset utilization by up to 30%! Big numbers, right?

 

Now, if you are looking for such a checklist, our experts have prepared one for you! At Slide Teams, we are all about creating templates that can help our users simplify their tasks. The same goes for these fixed asset internal control management checklists. All of them are 100% content-ready and fully editable. 

 

Let's take a look at them one by one. 

 

Template 1: Fixed Asset Management Internal Control Checklist

This professional template is designed to ensure you have rock-solid asset management and security. The entire template is divided into two sections. On one side, you have the entire checklist for best internal control management. On the other side of the column, you have "Yes/No." The template covers all the critical elements like maintaining records of fixed assets, regular audits, secure storage of portable assets, restricted access to buildings, securing premises after hours, and having insurance plans. Apart from this, the checklist also covers other elements like the verification of depreciation costs, adherence to procurement policies, and proper naming of rental properties. Download it now and amplify the internal control management of your fixed asset easily. 

 

Fixed Asset Management Internal Control Checklist

 

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Template 2: Fixed Asset Checklist for Internal Control Management of Fixed Asset

If you need some extra space for additional notes, this template would be a better option. This template is divided into three columns. On one side, there is the entire checklist, and on the other side, there is the option of putting "Yes" and "No." The final column has a space for adding any extra notes you want. The checklist looks super attractive with a white background, and users can easily recognize the issue with just one glance. It covers multiple elements like frequent reviews of the assets, secure storage information, up-to-date records, and tracking information. It also focuses on critical elements like the security of the building in the after-hours and whether the assets are insured. Such granular details can ensure your fixed assets are managed efficiently without a fuss. 

 

Fixed asset checklist for internal control

 

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Template 3: Internal Control Checklist for Treasury Risk Icon

This simple, professional, and clean template can help you out with effective risk management. At the center, there is a graphic of a clipboard that indicates thorough verification. Interesting, right? Then, there are three sections for adding detailed notes. Each of them is marked with distinct colors and numbers. You can easily customize and elaborate on the content and the template itself. You can use it to ensure comprehensive coverage of critical control measures, aiding in efficient risk management and compliance within treasury operations. The template is fully editable. This allows it for easy adaptation and grabs the audience's attention. Download and give it a shot today. 

 

Internal control checklist for treasury risk icon

 

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Secure Your Fixed Assets

 

Fixed assets are the backbone of any business. So, each organization should do everything possible to secure them. Security starts by analyzing the current situation. That's where these checklists from SlideTeam's experts can come to your rescue. Each one is designed after thoroughly researching the most common issues that pop up during risk management. So don’t wait; download the best-suited template and get started today! Apart from this, do not forget to check out our Project Closeout templates too.Â