Table of Contents

Structuring your Assets

Jordan Millar Updated by Jordan Millar

In ChekRite it’s important to think about the structure of how you will organise your assets. Getting this right will greatly improve the quality of your reporting, so don't underestimate the value of thinking this through carefully evaluating your current and future requirements.

Overview

There are four levels that we can define Assets in ChekRite. The following depicts this.

Category

The Category is the top level. This is a descriptor or a way of grouping together like Asset Classes. An example might be Dump Truck, Light Vehicle, Property or even Ancillary Equipment.

Asset Class

In many cases the Asset Class will be synonymous with Make. This could be something like Toyota or Caterpillar. In other cases it might be something like House.

Asset Sub-Class

The Asset Sub-Class is often synonymous with Model. An example could be Hilux.

Asset #

This is the individual identifier of the asset. On a vehicle it could be the unit number or registration number. On a property it might be the address.

Examples

Here are some examples of asset structures for different types of businesses.

Category

Asset Class

Asset Sub-Class

Asset #

Dump Truck

Caterpillar

793F

CRD-DT-001

Light Vehicle

Toyota

Hilux

ABC123

Property

House

3 Bedroom

42 Wallaby Way, Sydney

Aircraft

Airbus

A380

City of Brisbane

Hotel

Park Avenue

Bars

Sports Bar

School

Milton State School

Facilities

Swimming Pool

How did we do?

Planning Sites

Organising Employees

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