Tracking and Managing Fixed Assets, Grants, and Funding Sources in Nonprofit Organizations

Tracking and Managing Fixed Assets, Grants, and Funding Sources in Nonprofit Organizations

Annual auditing of financial statements offers financial transparency and accountability for nonprofit organizations. While not all nonprofit organizations are required to conduct an independent financial audit, many are. Those that are not should still strongly...
Asset Recovery

Asset Recovery

There are many reasons to periodically conduct a physical inventory of assets. One often overlooked benefit is the potential for asset recovery. Asset recovery often leads to identification of idle assets. Idle assets not only cost money, but represent risk. For...
Fixed Asset Inventory and Reconciliation for Corporate Buyout

Fixed Asset Inventory and Reconciliation for Corporate Buyout

Verasset recently completed an in-depth physical inventory and reconciliation project for an automotive dealership. The dealership has been family owned and operated since inception. One of the majority shareholders was looking to sell his shares and get out of the...
Do you have Ghost Assets?

Do you have Ghost Assets?

Do you have Ghost Assets? If you are like nearly 2/3 of businesses, the answer is, probably. Are ghost assets costing you money? Absolutely. It is estimated that at least 65% of companies have ghost assets listed on their general ledger. Based on 11 years of...
Physical Inventory and Asset Tracking Industry Focus – Manufacturing

Physical Inventory and Asset Tracking Industry Focus – Manufacturing

Manufacturing companies, regardless of size, typically have a significant investment in capital assets. Regardless of what it is they produce, specialized machinery, tools, equipment, vehicles, etc., are used in daily operations. This is in addition to the everyday...