The Chief Financial Officer (CFO) calls the shots related to financial matters for an organization. The CFO is about numbers and the bottom line. This applies to global enterprise and small business alike, as well as state and local government and military operations.
CFOs are most happy when the numbers are clean and reports are balanced. IT asset recovery can throw a wrench in those plans. Organizations of all sizes have faced the challenge of managing IT asset recovery. On one hand, recycling computers can serve as a source of income. On the other hand, some find it difficult to assign any of the recovered return on investment to line items in the books. Too often, computer disposal means stashing retired IT assets away and not doing anything with them.
It’s common for CFOs to want to “get this stuff off the books” by the end of the year. The task falls on the shoulders of those who are an IT asset manager, senior budget analysts, environmental role or material handlers. There are a few ways to go about it, but they all begin with partnering with a reputable company that will either recycle computers responsibly or refurbish them for resale following stringent R2 standards. R2 certified e-recyclers ensure your private data is secure by wiping all equipment clean via R2 guidelines. Resale is best whenever possible as it generates a better return on asset ratio.
So you have this excess cash that you’re unsure of how to account for in the books. Depending on the type of company and your motivation for computer disposal, you could put the IT asset recovery money back into the IT line. You could donate it to a charitable cause or establish a scholarship.
What you don’t want to do is throw it away in the trash or pay a computer recycler to haul it away. Most every IT asset has some value even it’s just for scrap.