How to Manage Your Asset and Asset Value On Tidify Pro

The Asset Management feature in Tidify Pro helps you track and manage all physical assets owned by your company. It provides visibility into asset value, usage status, and lifecycle, helping you make informed financial and operational decisions.

What Is an Asset?

An asset is any physical item owned by your business that provides long-term value, such as:

Equipment and machinery
Tools and devices
Office furniture
Vehicles

What You Can Do with Asset Management

With Asset Management, you can:

View all company assets in one place
Categorize assets for easier tracking
Track asset status (e.g., in use, inactive)
Record purchase dates and values
Monitor current asset value over time
Search, update, or remove assets

Accessing Asset Management

From your dashboard sidebar:

Click on Assets
You will be redirected to the All Assets page

All Assets Overview

The All Assets page displays a list of all physical assets owned by your company.

Each asset record includes:

Name – Asset name (e.g., Brush Machine)
Category – Asset classification (e.g., Equipment)
Status – Current usage status (e.g., In Use)
Purchase Date – Date the asset was acquired
Purchase Value – Original cost of the asset
Current Value – Present estimated value
Actions – Options to edit or delete the asset

You can use the Search assets field to quickly find a specific asset.

How to Add a New Asset

Navigate to Assets
Click Add Asset
Enter asset details, including:
- Asset name
- Category
- Purchase date
- Purchase value
- Current value
- Status
Click Save

The asset will now appear in the All Assets list.

Managing Existing Assets

From the Actions column, you can:

Edit asset details (e.g., value, status)
Update asset status when usage changes
Delete assets that are no longer owned or relevant

Updating the current value allows you to reflect appreciation or depreciation over time.

Best Practices

Regularly update asset values to reflect real market conditions
Change asset status when an asset is no longer in use
Categorize assets properly for accurate reporting
Remove disposed or sold assets to keep records clean

Important Notes

Asset values contribute to your overall financial visibility
Asset management supports better budgeting and planning
Deleted assets cannot be recovered

Need Help?

If you need help managing your assets or understanding asset values, please contact Tidify Pro Support.