by Verasset | Feb 27, 2014 | Asset Life Cycle, Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News
In the last entry, we touched upon register adjustments related to additions. Potential adjustments can also be associated with (but are not limited to): Removal of an asset that could not be verified during the physical count (referred to as a write down or write...
by Verasset | Feb 24, 2014 | Asset Life Cycle, Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News
Reconciling physical assets to ledger entries, also known as matching, can take on a variety of forms. In fact, the reason to reorganize and categorize asset registers as an initial first step is to aid later on when attempting to compare and match records to assets....
by Verasset | Feb 21, 2014 | Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News
As discussed earlier in this blog series, the first step in reconciliation consists of exact matching of physical assets to logical records using unique identifiers, such as the manufacturer serial number. Once all possible matches are made using this means,...
by Verasset | Feb 12, 2014 | Asset Life Cycle, Asset Reconciliation, Asset Reconciliation Verification, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register
A typical Verasset service engagement entails conducting a physical inventory of fixed assets, asset tagging, capturing information, and reconciling the installed fixed assets to financial records such as a fixed asset register. We begin by thoroughly planning the...
by Verasset | Feb 3, 2014 | Asset Life Cycle, Asset Reconciliation, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory
When planning the data capture attributes of a physical inventory, there are various levels of optimization and automation that can streamline the process. First and foremost, pre-populating mobile inventory data collection devices with existing data sources (such as...
by Verasset | Jan 22, 2014 | Asset Life Cycle, Asset Reconciliation, Capital Asset Management, Fixed Asset Depreciation, Fixed Asset Inventory, Fixed Asset Management, Fixed Asset Reconciliation, Fixed Asset Register, Latest News, Physical Inventory
In order to purchase new assets, a purchase order is created and submitted to a vendor. As the vendor delivers against the purchase order, packing lists and invoices are generated and remitted to the company making the purchase. The packing list is usually affixed to...
