Tool Track is a computerized system comprising software, handheld computers and individualized barcodes that are affixed to tools to identify them. Users can easily use the handheld devices to scan the tools' barcodes to first identify the tools, and then record data using the mobile computers about the disbursement, movement, location and the return of tools. This automated process improves accuracy in managing tool inventory, ensures employee accountability and eliminates the expense of lost tools. The software system, part of Brady/TISCOR's TRACK Pak line, provides users a time and date stamp for each transaction, offering proof of when the tools were checked out or returned, and assists in monitoring supply quantities.