Get the Most Value out of Your Fixed Asset Inventory Service

You’ve determined that it’s time to bring in a professional to conduct an inventory of your fixed assets. The search for a reliable company begins. As you vet the various service providers, you need to make sure you are getting maximum ROI. But how? First off, consider all of the added benefits available to you, […]

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Year End Reconciliation

As the end of the year approaches, many businesses are looking to finish projects that have been lingering. They’ve put them off all year and now need to get them completed. They also need to spend the money before the year is up. This often includes physical inventory and reconciliation of the fixed asset register. If […]

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Physical Inventory for Urgent Care Clinics

Walk-in urgent care clinics are a convenient and time efficient means of getting the health care you need. Between a lack of available primary care appointments and lengthy ER visits, urgent care clinics are in demand. The ability to walk into a clinic with no appointment and see a doctor (often within less than half […]

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4 Reasons to Inventory Your Data Center

IT Asset Management entails detailed management of inventory, financial records, and contractual data related to the IT asset throughout its life cycle. IT Asset Management is a very complex topic. In this post, we will focus on IT Asset Management in the data center, specifically related to physical inventory verification. Verasset routinely performs physical inventory verification […]

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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 family business. This was a complex negotiation they were looking to resolve quickly. A major […]

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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 performing fixed asset reconciliation projects, we believe this number […]

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June 2014 – Fixed Asset Inventory Projects

Verasset completes several fixed asset inventory projects bringing the second quarter to a close. A few highlights from this month; Verasset completes a fixed asset inventory and reconciliation project for a Ford Dealership. The scope of work entailed conducting a physical inventory of capital and some non-capital fixed assets, reconciliation of the fixed asset register, […]

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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 office equipment (furniture, IT equipment, etc.) used to run the business. If the company is publicly traded, […]

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Selecting and Affixing RFID Tags to Trackable Fixed Assets

can be a complex task. Our last several blog entries discussed the various technical aspects of RFID hardware and software as well as considerations for implementing the technology. We briefly discussed the standards imposed by different regions and the impact on RFID tag selection. We will now discuss the labor intensive task of selecting and […]

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Understanding RFID Middleware and Information Flow

Mobile and stationary RFID readers utilize software, referred to as firmware, in order to operate. Firmware is unique to the device manufacturer and is embedded within each device. Software that sits in the middle, between firmware and back end transaction processing systems, is known as middleware. Middleware accepts information from firmware and relays it to […]

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