procedures and process of company assets

Application of fixed asset should be made and approved by management before purchase.
When you purchase an asset, the staff inspected and confirmed the receipt, and then the Accounting Department will record it as Dr. Fixed Asset, and Cr. Bank
There is some fixed asset managmeent procedures. The responsible staff posted a label on the fixed asset with the department and fixed asset code, and the staff should update the list of fixed assets which should match the accounting record.
The fixed assets should be counted regularly, such as once per year, to ensure the good condition and existence.
If the asset is damaged, it should be disposed after getting approval, and the accounting department is informed to record the disposal. The list of fixed assets should also be updated, and then arrange the replacement of assets.

take care of the company assets.