Addressing Complex Business Issues With Asset Inventory Services

Verasset provides a specialized value offering that extends beyond simply counting items. We specialize in tracking and managing fixed assets, with a focus on enabling clients to become self-reliant without having to rely on the assistance of external professionals. Over the last decade, Verasset has learned that in order to bring lasting value to its […]

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What are Fixed Assets

Fixed assets are items of personal (moveable) property with an estimated useful life of more than one year. Examples of fixed assets include furniture, fixtures, equipment, computers, vehicles, and similar items of personal property. A fixed asset does not lose its identity through incorporation into a different or more complex device. In contrast to “inventory” […]

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Data Reconciliation and SOX Compliance

Verasset has just completed a physical inventory and reconciliation project for a 125 year old manufacturing company. The company is publicly held and is required to conduct a physical inventory every 3 years in order to be compliant with the Sarbanes-Oxley Act (SOX). SOX compliance also requires that the companies finance officers and auditors sign […]

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